Lam Research Corporation $LRCX Shares Sold by Professional Advisory Services Inc.

Professional Advisory Services Inc. trimmed its position in Lam Research Corporation (NASDAQ:LRCX) by 16.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 72,810 shares of the semiconductor company’s stock after selling 13,959 shares during the period. Professional Advisory Services Inc.’s holdings in Lam Research were worth $9,749,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IMG Wealth Management Inc. acquired a new position in Lam Research in the second quarter valued at approximately $26,000. Howard Hughes Medical Institute acquired a new stake in Lam Research during the second quarter worth $27,000. Strategic Wealth Investment Group LLC purchased a new stake in Lam Research in the second quarter valued at $29,000. Delos Wealth Advisors LLC acquired a new position in shares of Lam Research in the 2nd quarter valued at $30,000. Finally, REAP Financial Group LLC purchased a new position in shares of Lam Research during the 2nd quarter worth $31,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of LRCX opened at $222.96 on Tuesday. The company has a market cap of $280.04 billion, a P/E ratio of 49.11, a PEG ratio of 2.55 and a beta of 1.77. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $229.57. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average price is $172.73 and its 200 day moving average price is $138.40.

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

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $1.04 annualized dividend and a yield of 0.5%. Lam Research’s dividend payout ratio is 22.91%.

Insider Activity at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 40,080 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the sale, the chief financial officer directly owned 987,237 shares in the company, valued at $148,677,892.20. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ava Harter sold 9,010 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $157.47, for a total value of $1,418,804.70. Following the transaction, the insider directly owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. This represents a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 50,418 shares of company stock valued at $7,667,305 over the last 90 days. 0.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several research analyst reports. Hsbc Global Res upgraded shares of Lam Research to a “hold” rating in a report on Tuesday, September 30th. Zacks Research downgraded shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Wall Street Zen cut shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Morgan Stanley set a $211.00 target price on shares of Lam Research in a report on Thursday. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $265.00 price target (up from $210.00) on shares of Lam Research in a research note on Thursday, January 8th. Twenty-eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.46.

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.