Novem Group Has $1.32 Million Position in Lam Research Corporation $LRCX

Novem Group lowered its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 54.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,725 shares of the semiconductor company’s stock after selling 9,194 shares during the period. Novem Group’s holdings in Lam Research were worth $1,322,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. PMV Capital Advisers LLC bought a new stake in Lam Research in the fourth quarter valued at about $25,000. Stance Capital LLC bought a new stake in Lam Research in the third quarter valued at about $26,000. Triumph Capital Management bought a new stake in Lam Research in the third quarter valued at about $27,000. Strategic Wealth Investment Group LLC bought a new stake in Lam Research in the second quarter valued at about $29,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Lam Research in the third quarter valued at about $40,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity

In other news, insider Ava Harter sold 1,500 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total transaction of $333,990.00. Following the sale, the insider directly owned 53,205 shares of the company’s stock, valued at $11,846,625.30. This represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer directly 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 SEC filing for this sale provides additional information. Insiders have sold 130,886 shares of company stock valued at $29,658,802 over the last three months. 0.31% of the stock is owned by insiders.

Lam Research Price Performance

Shares of Lam Research stock opened at $263.16 on Tuesday. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $328.63 billion, a price-to-earnings ratio of 53.93, a P/E/G ratio of 2.85 and a beta of 1.78. Lam Research Corporation has a 1-year low of $61.14 and a 1-year high of $273.50. The firm’s 50-day moving average price is $232.56 and its two-hundred day moving average price is $195.31.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. The firm 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%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, equities analysts predict that Lam Research Corporation will post 5.3 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, March 4th. Lam Research’s dividend payout ratio is 21.31%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. B. Riley Financial reissued a “buy” rating on shares of Lam Research in a research note on Monday. KeyCorp reissued a “sector weight” rating on shares of Lam Research in a research note on Thursday, January 29th. Barclays upped their target price on shares of Lam Research from $250.00 to $255.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 10th. Zacks Research cut shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Citigroup upped their target price on shares of Lam Research from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $247.26.

Lam Research Company 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.