Securian Asset Management Inc. Trims Stake in Lam Research Corporation $LRCX

Securian Asset Management Inc. trimmed its position in Lam Research Corporation (NASDAQ:LRCX) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,121 shares of the semiconductor company’s stock after selling 5,684 shares during the quarter. Securian Asset Management Inc.’s holdings in Lam Research were worth $8,184,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Integral Investment Advisors Inc. bought a new position in shares of Lam Research in the 3rd quarter worth $224,000. Index Fund Advisors Inc. acquired a new position in Lam Research during the 3rd quarter valued at about $229,000. Avalon Capital Management purchased a new stake in Lam Research in the third quarter valued at about $249,000. Cerity Partners LLC raised its stake in Lam Research by 16.2% in the third quarter. Cerity Partners LLC now owns 517,526 shares of the semiconductor company’s stock valued at $69,297,000 after buying an additional 72,059 shares during the last quarter. Finally, McIlrath & Eck LLC boosted its holdings in Lam Research by 14.5% in the third quarter. McIlrath & Eck LLC now owns 815 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Up 6.3%

Shares of LRCX opened at $206.96 on Wednesday. The company has a market capitalization of $259.95 billion, a price-to-earnings ratio of 45.59, a PEG ratio of 2.25 and a beta of 1.77. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $210.45. The stock’s 50-day moving average price is $163.12 and its 200-day moving average price is $130.94. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the previous year, the company posted $0.86 earnings per share. Lam Research’s revenue for the quarter was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, sell-side analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, December 3rd. Lam Research’s dividend payout ratio is presently 22.91%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Dbs Bank increased their price objective on shares of Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. Wall Street Zen lowered shares of Lam Research from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Oppenheimer set a $200.00 target price on Lam Research and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Stifel Nicolaus set a $160.00 price target on Lam Research and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Needham & Company LLC raised their price objective on Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $161.21.

Insiders Place Their Bets

In related news, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the transaction, the chief financial officer owned 987,237 shares in the company, valued at $148,677,892.20. The trade was a 3.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bethany Mayer sold 1,298 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the transaction, the director owned 1,652 shares in the company, valued at $264,303.48. This represents a 44.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 102,608 shares of company stock valued at $14,916,496 over the last quarter. Insiders own 0.31% of the company’s stock.

About Lam Research

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.