Lam Research Corporation $LRCX Stock Holdings Trimmed by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC trimmed its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 7.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,627 shares of the semiconductor company’s stock after selling 4,979 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Lam Research were worth $20,902,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LRCX. Bayban purchased a new stake in shares of Lam Research during the fourth quarter worth about $26,000. Vermillion Wealth Management Inc. purchased a new position in Lam Research in the 1st quarter valued at about $26,000. Cedar Mountain Advisors LLC boosted its holdings in Lam Research by 242.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after buying an additional 85 shares during the last quarter. Paladin Partners LLC acquired a new stake in Lam Research in the 2nd quarter worth about $26,000. Finally, Sankala Group LLC acquired a new stake in Lam Research in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity

In other news, insider Ava Harter sold 5,000 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the transaction, the insider owned 42,462 shares of the company’s stock, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the sale, the director directly owned 20,995 shares of the company’s stock, valued at $6,607,966.30. This represents a 31.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.31% of the company’s stock.

More Lam Research News

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Analysts expect Lam Research to potentially exceed quarterly earnings estimates again. The company has a strong earnings-surprise history, while favorable Earnings ESP indicators suggest estimates may be too conservative. Why Lam Research is poised to beat earnings estimates again
• Positive Sentiment: Recent results support the bullish case: Lam reported record quarterly revenue of $6.72 billion, up 30% year over year, and earnings of $1.82 per share, above consensus. Demand tied to artificial intelligence, advanced memory, 5G and automotive chips is providing visibility for equipment and service revenue.
• Positive Sentiment: Deutsche Bank reportedly expects strong results, helping fuel optimism that the current selloff has created an attractive entry point. Analysts are also watching whether rising DRAM spending and advanced packaging demand support the company’s growth outlook. Lam Research stock jumps ahead of earnings

Analyst Ratings Changes

LRCX has been the subject of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating and set a $385.00 target price (up from $367.00) on shares of Lam Research in a report on Monday, October 5th. TD Cowen reaffirmed a “buy” rating and issued a $400.00 price target (up from $340.00) on shares of Lam Research in a research note on Thursday, July 9th. Needham & Company LLC reiterated a “buy” rating and set a $390.00 price target on shares of Lam Research in a research report on Thursday, July 30th. UBS Group dropped their price target on Lam Research from $435.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, September 1st. Finally, Susquehanna reissued a “positive” rating and issued a $475.00 price objective (up from $385.00) on shares of Lam Research in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $365.07.

Lam Research Price Performance

LRCX stock traded down $7.64 during mid-day trading on Tuesday, reaching $264.56. The company’s stock had a trading volume of 3,768,790 shares, compared to its average volume of 10,640,072. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $308.34 and its two-hundred day moving average is $309.21. Lam Research Corporation has a fifty-two week low of $135.50 and a fifty-two week high of $438.50. The stock has a market cap of $331.08 billion, a PE ratio of 45.96, a P/E/G ratio of 1.05 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%. The firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter last year, the firm earned $1.33 earnings per share. The business’s revenue for the quarter was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities research analysts expect that Lam Research Corporation will post 9.34 EPS for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd were issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, September 23rd. This represents a $1.32 annualized dividend and a dividend yield of 0.5%. This is a boost from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s payout ratio is presently 22.92%.

About Lam Research

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.