Kera Capital Partners Inc. Trims Stake in Lam Research Corporation $LRCX

Kera Capital Partners Inc. cut its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 36.2% in the first quarter, HoldingsChannel reports. The firm owned 9,090 shares of the semiconductor company’s stock after selling 5,147 shares during the period. Kera Capital Partners Inc.’s holdings in Lam Research were worth $1,942,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LRCX. Fideuram Asset Management Ireland dac purchased a new stake in shares of Lam Research during the 4th quarter worth $10,035,000. Generali Investments Management Co LLC grew its stake in Lam Research by 62.0% in the fourth quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company’s stock valued at $6,209,000 after purchasing an additional 13,878 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Lam Research in the first quarter valued at about $59,973,000. Krilogy Financial LLC raised its holdings in Lam Research by 19.5% in the first quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company’s stock worth $6,006,000 after purchasing an additional 4,584 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Lam Research during the first quarter valued at about $26,489,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LRCX. Cantor Fitzgerald set a $500.00 price target on shares of Lam Research and gave the company an “overweight” rating in a report on Monday, June 29th. Rothschild & Co Redburn boosted 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. Berenberg Bank increased their target price on shares of Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. UBS Group reaffirmed a “buy” rating and set a $375.00 price target (up from $310.00) on shares of Lam Research in a research report on Tuesday, June 9th. Finally, BNP Paribas Exane increased their price objective on Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Twenty-eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and a consensus price target of $358.67.

Insider Buying and Selling at Lam Research

In related news, Director Abhijit Y. Talwalkar sold 18,282 shares of the business’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the completion of the transaction, the director directly owned 87,142 shares in the company, valued at $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the company’s 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 approximately $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 104,621 shares of company stock worth $33,804,737. 0.31% of the stock is currently owned by company insiders.

Lam Research Price Performance

Shares of LRCX opened at $313.30 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The company’s fifty day moving average price is $339.57 and its 200-day moving average price is $268.94. Lam Research Corporation has a 1-year low of $90.93 and a 1-year high of $438.50. The firm has a market capitalization of $391.80 billion, a PE ratio of 59.11, a price-to-earnings-growth ratio of 1.90 and a beta of 1.80.

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

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) is 19.62%.

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.