Lam Research Corporation $LRCX Shares Sold by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV cut its holdings in Lam Research Corporation (NASDAQ:LRCX) by 49.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,818 shares of the semiconductor company’s stock after selling 29,398 shares during the period. Lam Research comprises about 0.4% of Mainstay Capital Management LLC ADV’s holdings, making the stock its 20th largest position. Mainstay Capital Management LLC ADV’s holdings in Lam Research were worth $3,993,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LRCX. Stance Capital LLC acquired a new position in Lam Research during the third quarter worth about $26,000. Howard Hughes Medical Institute acquired a new stake in shares of Lam Research in the second quarter valued at approximately $27,000. Triumph Capital Management acquired a new stake in shares of Lam Research in the third quarter valued at approximately $27,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Lam Research during the 2nd quarter worth approximately $29,000. Finally, Delos Wealth Advisors LLC purchased a new position in shares of Lam Research during the 2nd quarter worth approximately $30,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Down 0.8%

LRCX stock opened at $224.71 on Thursday. The company has a 50 day moving average price of $226.06 and a two-hundred day moving average price of $175.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The stock has a market capitalization of $280.61 billion, a P/E ratio of 46.05, a PEG ratio of 2.44 and a beta of 1.77. Lam Research Corporation has a one year low of $56.32 and a one year high of $256.68.

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

Lam Research Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Evercore set a $275.00 target price on Lam Research in a research note on Thursday, January 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $290.00 price target (up from $260.00) on shares of Lam Research in a research report on Thursday, January 29th. Sanford C. Bernstein boosted their price target on Lam Research from $275.00 to $285.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Barclays upped their price objective on Lam Research from $250.00 to $255.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 10th. Finally, Argus lifted their price objective on Lam Research from $175.00 to $280.00 in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $245.35.

Insiders Place Their Bets

In other news, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the completion of the transaction, the chief financial officer owned 1,081,705 shares of the company’s stock, valued at $242,334,371.15. This represents a 4.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eric Brandt sold 35,000 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the transaction, the director owned 253,705 shares in the company, valued at approximately $57,235,848. The trade was a 12.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 130,886 shares of company stock valued at $29,658,802. Insiders own 0.31% of the company’s stock.

Lam Research Profile

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.