Ethic Inc. Has $24.60 Million Position in Lam Research Corporation $LRCX

Ethic Inc. cut its holdings in Lam Research Corporation (NASDAQ:LRCX) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 183,751 shares of the semiconductor company’s stock after selling 3,556 shares during the quarter. Lam Research comprises 0.4% of Ethic Inc.’s holdings, making the stock its 28th biggest position. Ethic Inc.’s holdings in Lam Research were worth $24,604,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Encompass More Asset Management bought a new position in Lam Research in the third quarter valued at approximately $1,306,000. Mattson Financial Services LLC raised its holdings in shares of Lam Research by 2.8% during the third quarter. Mattson Financial Services LLC now owns 25,494 shares of the semiconductor company’s stock worth $3,414,000 after acquiring an additional 685 shares during the period. Traveka Wealth LLC bought a new stake in Lam Research in the 3rd quarter valued at $229,000. Three Seasons Wealth LLC acquired a new position in Lam Research in the 3rd quarter worth $526,000. Finally, Optivise Advisory Services LLC bought a new position in Lam Research during the 3rd quarter worth about $220,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Up 0.4%

Shares of Lam Research stock opened at $178.07 on Monday. The stock has a market cap of $223.66 billion, a P/E ratio of 39.22, a P/E/G ratio of 2.06 and a beta of 1.77. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $179.80. The business’s 50 day moving average is $158.39 and its 200-day moving average is $126.45.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the previous year, the company earned $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 predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. Lam Research’s dividend payout ratio is presently 22.91%.

Insider Activity

In other news, SVP Vahid Vahedi sold 52,190 shares of the firm’s 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 sale, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction that occurred 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 transaction, the chief financial officer owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 102,608 shares of company stock valued at $14,916,496. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on LRCX shares. Jefferies Financial Group restated a “buy” rating and issued a $200.00 price target (up from $175.00) on shares of Lam Research in a report on Monday, December 15th. Needham & Company LLC boosted their target price on Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft upped their price target on Lam Research from $160.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Cowen reiterated a “buy” rating on shares of Lam Research in a report on Thursday, October 23rd. Finally, HSBC set a $127.00 price objective on shares of Lam Research and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Twenty-six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $161.21.

Lam Research Company 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.