Generate Investment Management Ltd Sells 82,624 Shares of Lam Research Corporation $LRCX

Generate Investment Management Ltd reduced its stake in Lam Research Corporation (NASDAQ:LRCX) by 47.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,370 shares of the semiconductor company’s stock after selling 82,624 shares during the period. Generate Investment Management Ltd’s holdings in Lam Research were worth $15,470,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. PMV Capital Advisers LLC purchased a new stake in shares of Lam Research in the fourth quarter valued at approximately $25,000. Stance Capital LLC purchased a new position in Lam Research during the 3rd quarter worth $26,000. Triumph Capital Management bought a new stake in Lam Research during the 3rd quarter valued at $27,000. Harbor Investment Advisory LLC raised its position in Lam Research by 73.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 102 shares in the last quarter. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Lam Research in the 2nd quarter worth $27,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Price Performance

LRCX opened at $211.41 on Friday. The business’s 50-day moving average is $227.81 and its two-hundred day moving average is $181.35. 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 firm has a market capitalization of $264.00 billion, a PE ratio of 43.32, a price-to-earnings-growth ratio of 2.28 and a beta of 1.77.

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

Lam Research Announces Dividend

The company 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 of this dividend 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%.

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total value of $333,990.00. Following the completion of the sale, the insider directly owned 53,205 shares in the company, valued at $11,846,625.30. This trade represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction on Wednesday, March 4th. The stock was 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 directly owned 1,081,705 shares in the company, valued at $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 130,886 shares of company stock worth $29,658,802 over the last three months. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LRCX shares. Sanford C. Bernstein increased their price target on Lam Research from $275.00 to $285.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Citic Securities increased their target price on shares of Lam Research from $165.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 30th. UBS Group set a $300.00 target price on shares of Lam Research in a research report on Thursday, January 29th. Wells Fargo & Company boosted their price target 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. Finally, Morgan Stanley upped their price target on shares of Lam Research from $244.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $245.35.

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.