Baker Avenue Asset Management LP Sells 4,557 Shares of Lam Research Corporation $LRCX

Baker Avenue Asset Management LP lessened its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 204,749 shares of the semiconductor company’s stock after selling 4,557 shares during the period. Baker Avenue Asset Management LP’s holdings in Lam Research were worth $19,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. IMG Wealth Management Inc. bought a new position in shares of Lam Research in the second quarter worth $26,000. REAP Financial Group LLC bought a new stake in Lam Research during the second quarter valued at $31,000. 1 North Wealth Services LLC purchased a new position in Lam Research during the first quarter worth about $36,000. Saudi Central Bank bought a new position in Lam Research in the 1st quarter worth about $37,000. Finally, Bank of Jackson Hole Trust raised its holdings in shares of Lam Research by 111.1% in the 2nd quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 200 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Douglas R. Bettinger sold 40,080 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the completion of the transaction, the senior vice president directly owned 251,047 shares in the company, 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 quarter, insiders have sold 102,608 shares of company stock valued at $14,916,496. 0.31% of the stock is owned by insiders.

Lam Research Price Performance

Shares of Lam Research stock opened at $158.70 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $167.15. The company has a fifty day moving average of $150.02 and a 200-day moving average of $117.59. The stock has a market capitalization of $199.33 billion, a price-to-earnings ratio of 34.96, a price-to-earnings-growth ratio of 1.63 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share 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 period in the previous year, the firm posted $0.86 earnings per share. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Equities research analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a yield of 0.7%. Lam Research’s dividend payout ratio is currently 22.91%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BNP Paribas Exane boosted their price objective on Lam Research from $80.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. The Goldman Sachs Group lifted their target price on shares of Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Susquehanna increased their price target on shares of Lam Research from $135.00 to $200.00 and gave the stock a “positive” rating in a report on Thursday, October 23rd. Morgan Stanley raised their price objective on shares of Lam Research from $137.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 2nd. Finally, Rothschild & Co Redburn lifted their price objective on shares of Lam Research from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Twenty-six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $152.87.

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.