Modera Wealth Management LLC Reduces Position in Lam Research Corporation $LRCX

Modera Wealth Management LLC decreased its holdings in Lam Research Corporation (NASDAQ:LRCX) by 9.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 70,011 shares of the semiconductor company’s stock after selling 7,164 shares during the period. Modera Wealth Management LLC’s holdings in Lam Research were worth $14,959,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Fideuram Asset Management Ireland dac purchased a new position in Lam Research during the fourth quarter worth about $10,035,000. Generali Investments Management Co LLC grew its stake in shares of Lam Research by 62.0% in the 4th quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company’s stock valued at $6,209,000 after buying an additional 13,878 shares during the period. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Lam Research during the 1st quarter worth approximately $59,973,000. Krilogy Financial LLC increased its holdings in shares of Lam Research by 19.5% during the 1st quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company’s stock worth $6,006,000 after buying an additional 4,584 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Lam Research during the 1st quarter valued at approximately $26,489,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Performance

NASDAQ LRCX opened at $313.30 on Friday. The company has a market cap of $391.80 billion, a P/E ratio of 59.11, a P/E/G ratio of 1.90 and a beta of 1.80. 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 stock has a 50-day moving average of $339.57 and a two-hundred day moving average of $268.94. Lam Research Corporation has a 1-year low of $90.93 and a 1-year high of $438.50.

Lam Research (NASDAQ:LRCX) last issued its quarterly 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 net margin of 30.94% and a return on equity of 66.21%. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period in the prior year, the firm earned $1.04 earnings per share. The business’s revenue for the quarter was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, analysts anticipate that Lam Research Corporation will post 5.68 EPS for the current year.

Lam Research Dividend Announcement

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

Insider Buying and Selling

In other Lam Research news, Director Abhijit Y. Talwalkar sold 18,282 shares of the company’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the sale, the director owned 87,142 shares in the company, valued at $29,192,570. This represents a 17.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the sale, the director directly owned 199,205 shares in the company, valued at $69,881,114. This represents a 21.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 104,621 shares of company stock valued at $33,804,737 in the last three months. 0.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Berenberg Bank upped their price objective on Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price target on shares of Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Zacks Research downgraded shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Raymond James Financial set a $425.00 price objective on shares of Lam Research in a report on Wednesday, June 10th. Finally, Bank of America increased their price objective on shares of Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $358.67.

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.