Lam Research Corporation $LRCX Shares Sold by Gradient Investments LLC

Gradient Investments LLC decreased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 33.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 168,110 shares of the semiconductor company’s stock after selling 83,483 shares during the quarter. Gradient Investments LLC’s holdings in Lam Research were worth $28,777,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, CFO Douglas R. Bettinger sold 50,057 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the sale, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ava Harter sold 4,000 shares of Lam Research stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $232.50, for a total value of $930,000.00. Following the completion of the sale, the insider directly owned 54,705 shares in the company, valued at $12,718,912.50. This represents a 6.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 130,886 shares of company stock valued at $29,658,802 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on LRCX. Wells Fargo & Company lifted their target price on shares of Lam Research from $250.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Lam Research from $260.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Evercore set a $275.00 price objective on shares of Lam Research in a research report on Thursday, January 29th. Rothschild & Co Redburn lifted their price objective on shares of Lam Research from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Citic Securities upped their target price on shares of Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.35.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $228.36 on Monday. The stock has a fifty day moving average price of $226.92 and a 200 day moving average price of $178.13. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $256.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The company has a market cap of $285.17 billion, a PE ratio of 46.80, a P/E/G ratio of 2.46 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. During the same period in the previous year, the company posted $0.91 EPS. Lam Research’s revenue 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. Sell-side analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

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

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.