KG&L Capital Management LLC Cuts Stock Holdings in Lam Research Corporation $LRCX

KG&L Capital Management LLC lessened its stake in Lam Research Corporation (NASDAQ:LRCX) by 23.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,552 shares of the semiconductor company’s stock after selling 6,110 shares during the quarter. KG&L Capital Management LLC’s holdings in Lam Research were worth $2,618,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sava Infond d.o.o. boosted its position in Lam Research by 3.1% during the 2nd quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock valued at $7,325,000 after purchasing an additional 2,250 shares during the period. Horizon Bancorp Inc. IN acquired a new stake in Lam Research in the second quarter worth $389,000. Empowered Funds LLC boosted its holdings in shares of Lam Research by 10.5% during the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock valued at $13,629,000 after acquiring an additional 17,833 shares during the period. Genus Capital Management Inc. bought a new position in shares of Lam Research during the second quarter worth about $14,476,000. Finally, Diversified Trust Co increased its holdings in shares of Lam Research by 34.4% in the 3rd quarter. Diversified Trust Co now owns 31,922 shares of the semiconductor company’s stock worth $4,274,000 after acquiring an additional 8,172 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the sale, the chief financial officer owned 987,237 shares in the company, valued at approximately $148,677,892.20. This represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the transaction, the director directly owned 1,652 shares of the company’s stock, valued at $264,303.48. This represents a 44.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 102,608 shares of company stock valued at $14,916,496 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX opened at $185.06 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60. The firm’s 50 day moving average is $161.34 and its 200-day moving average is $129.39. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $185.78. The stock has a market capitalization of $232.44 billion, a P/E ratio of 40.76, a P/E/G ratio of 2.14 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The firm’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Equities research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, December 3rd. Lam Research’s payout ratio is presently 22.91%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LRCX shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $200.00 price target (up previously from $175.00) on shares of Lam Research in a report on Monday, December 15th. Wells Fargo & Company boosted their price target on Lam Research from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Morgan Stanley raised their price target on Lam Research from $137.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, December 2nd. Berenberg Bank increased their target price on shares of Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Mizuho upped their price target on shares of Lam Research from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $161.21.

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.