Lam Research Corporation $LRCX Shares Sold by Advisors Capital Management LLC

Advisors Capital Management LLC lowered its position in Lam Research Corporation (NASDAQ:LRCX) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,091 shares of the semiconductor company’s stock after selling 479 shares during the period. Advisors Capital Management LLC’s holdings in Lam Research were worth $9,451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its holdings in shares of Lam Research by 10.5% during the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after acquiring an additional 17,833 shares during the period. Genus Capital Management Inc. purchased a new position in Lam Research during the second quarter worth approximately $14,476,000. Cookson Peirce & Co. Inc. acquired a new position in shares of Lam Research in the 1st quarter valued at $607,000. Glass Wealth Management Co LLC grew its stake in shares of Lam Research by 8.5% during the 2nd quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock valued at $2,810,000 after buying an additional 2,270 shares during the period. Finally, First Interstate Bank acquired a new stake in shares of Lam Research during the 2nd quarter worth $230,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 3.3%

NASDAQ LRCX opened at $148.26 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $140.75 and its 200-day simple moving average is $109.40. The stock has a market cap of $186.22 billion, a P/E ratio of 32.66, a PEG ratio of 1.68 and a beta of 1.87. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $167.15.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same period in the previous year, the company earned $0.86 earnings per share. The company’s revenue for the quarter 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. Equities research analysts predict 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 paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, December 3rd. Lam Research’s dividend payout ratio is 22.91%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LRCX shares. Summit Insights cut Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, July 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $170.00 price objective on shares of Lam Research in a report on Thursday, October 23rd. HSBC set a $127.00 target price on Lam Research and gave the stock a “hold” rating in a report on Tuesday, September 30th. Argus raised their price target on shares of Lam Research from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Needham & Company LLC lifted their price target on shares of Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $149.04.

Insider Buying and Selling

In other Lam Research news, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the transaction, the director owned 1,652 shares of the company’s stock, valued at $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the completion of the transaction, the senior vice president directly owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 62,528 shares of company stock worth $8,880,448. Corporate insiders own 0.31% of the company’s stock.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.