Lam Research Corporation $LRCX Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC lessened its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 15.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 314,949 shares of the semiconductor company’s stock after selling 56,178 shares during the quarter. Ceredex Value Advisors LLC’s holdings in Lam Research were worth $42,172,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Lingohr Asset Management GmbH grew its holdings in Lam Research by 590.7% during the third quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company’s stock worth $7,974,000 after acquiring an additional 50,933 shares during the period. Mediolanum International Funds Ltd boosted its position in shares of Lam Research by 52.0% during the 3rd quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company’s stock valued at $34,417,000 after purchasing an additional 89,856 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Lam Research by 8.0% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock valued at $18,804,000 after purchasing an additional 10,408 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in shares of Lam Research by 115.2% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company’s stock worth $2,972,000 after purchasing an additional 11,883 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Lam Research by 30.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock worth $19,369,000 after purchasing an additional 34,147 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of Lam Research stock opened at $211.19 on Tuesday. The stock has a market cap of $263.73 billion, a PE ratio of 43.28, a price-to-earnings-growth ratio of 2.14 and a beta of 1.77. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $256.68. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $221.66 and a 200-day simple moving average of $170.52.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the company posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be given a $0.26 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. Lam Research’s dividend payout ratio is presently 21.31%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LRCX shares. Barclays set a $250.00 target price on shares of Lam Research in a report on Thursday, January 29th. Mizuho set a $265.00 price objective on Lam Research in a research report on Wednesday, January 28th. Jefferies Financial Group reissued a “buy” rating and set a $200.00 price objective (up from $175.00) on shares of Lam Research in a research note on Monday, December 15th. Summit Insights upgraded Lam Research from a “hold” rating to a “buy” rating in a report on Thursday, January 29th. Finally, Stifel Nicolaus boosted their target price on Lam Research from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $245.19.

Insider Buying and Selling at Lam Research

In other news, Director Eric Brandt sold 35,000 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the transaction, the director directly owned 253,705 shares in the company, valued at $57,235,848. The trade was a 12.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ava Harter sold 1,500 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $222.66, for a total value of $333,990.00. Following the sale, the insider owned 53,205 shares of the company’s stock, valued at approximately $11,846,625.30. This represents a 2.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 130,886 shares of company stock valued at $29,658,802 in the last quarter. Company 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.