Professional Advisory Services Inc. Trims Stock Position in Lam Research Corporation $LRCX

Professional Advisory Services Inc. decreased its stake in Lam Research Corporation (NASDAQ:LRCX) by 16.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,810 shares of the semiconductor company’s stock after selling 13,959 shares during the quarter. Professional Advisory Services Inc.’s holdings in Lam Research were worth $9,749,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LRCX. IMG Wealth Management Inc. acquired a new stake in shares of Lam Research during the 2nd quarter worth approximately $26,000. Howard Hughes Medical Institute acquired a new position in shares of Lam Research in the 2nd quarter valued at $27,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Lam Research in the 2nd quarter valued at $29,000. Delos Wealth Advisors LLC purchased a new stake in Lam Research during the second quarter worth $30,000. Finally, REAP Financial Group LLC acquired a new stake in Lam Research during the second quarter valued at $31,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the sale, the chief financial officer owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. This represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the transaction, the director directly owned 1,652 shares in the company, valued at $264,303.48. This trade represents a 44.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 50,418 shares of company stock worth $7,667,305. 0.31% of the stock is owned by insiders.

Lam Research Price Performance

Shares of Lam Research stock opened at $222.96 on Tuesday. The stock has a market capitalization of $280.04 billion, a P/E ratio of 49.11, a PEG ratio of 2.55 and a beta of 1.77. The business has a 50 day simple moving average of $172.73 and a two-hundred day simple moving average of $138.40. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $229.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The firm’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. As a group, analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 3rd. Lam Research’s dividend payout ratio (DPR) is currently 22.91%.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $265.00 price objective (up previously from $210.00) on shares of Lam Research in a report on Thursday, January 8th. BNP Paribas Exane lifted their price target on Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Wells Fargo & Company set a $250.00 price target on Lam Research and gave the stock an “overweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on Lam Research from $160.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Finally, Citigroup boosted their price objective on Lam Research from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Twenty-eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $192.46.

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.