Principal Financial Group Inc. Reduces Stock Position in Lam Research Corporation $LRCX

Principal Financial Group Inc. cut its position in Lam Research Corporation (NASDAQ:LRCX) by 6.6% during the first quarter, Holdings Channel reports. The firm owned 1,839,740 shares of the semiconductor company’s stock after selling 131,030 shares during the period. Principal Financial Group Inc.’s holdings in Lam Research were worth $393,079,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of LRCX. PMV Capital Advisers LLC acquired a new position in Lam Research in the 4th quarter worth approximately $25,000. Stance Capital LLC acquired a new stake in Lam Research during the 3rd quarter valued at approximately $26,000. Bayban acquired a new stake in Lam Research during the 4th quarter valued at approximately $26,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Lam Research in the 1st quarter valued at $26,000. Finally, Cedar Mountain Advisors LLC boosted its holdings in shares of Lam Research by 242.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 85 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lam Research

In other news, SVP Neil J. Fernandes sold 18,170 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the completion of the transaction, the senior vice president directly owned 66,129 shares of the company’s stock, valued at $16,872,153.06. This represents a 21.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the sale, the insider directly owned 53,205 shares in the company, valued at $13,762,005.30. This represents a 10.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 86,339 shares of company stock valued at $27,680,267 in the last three months. 0.31% of the stock is currently owned by company insiders.

Lam Research Trading Down 5.8%

LRCX stock opened at $329.92 on Tuesday. Lam Research Corporation has a 52-week low of $90.93 and a 52-week high of $438.50. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The firm has a market cap of $412.59 billion, a P/E ratio of 62.25, a PEG ratio of 2.07 and a beta of 1.80. The company’s 50-day simple moving average is $336.33 and its 200-day simple moving average is $265.32.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.Lam Research’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts forecast that Lam Research Corporation will post 5.68 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were given a $0.26 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. Lam Research’s payout ratio is 19.62%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Rothschild & Co Redburn increased their price objective on shares of Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Needham & Company LLC upped their price target on shares of Lam Research from $300.00 to $390.00 and gave the company a “buy” rating in a report on Friday. New Street Research lifted their price objective on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. The Goldman Sachs Group reiterated a “buy” rating and set a $290.00 price objective on shares of Lam Research in a research note on Thursday, April 23rd. Finally, Citigroup reissued a “buy” rating and issued a $450.00 price objective (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. Twenty-eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $350.81.

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.