Simon Quick Advisors LLC Reduces Position in Lam Research Corporation $LRCX

Simon Quick Advisors LLC reduced its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 85.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,302 shares of the semiconductor company’s stock after selling 13,428 shares during the period. Simon Quick Advisors LLC’s holdings in Lam Research were worth $308,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 9,010 shares of the stock in a transaction on 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 sale, the insider directly owned 56,786 shares of the company’s stock, valued at $8,942,091.42. This trade represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Vahid Vahedi sold 52,190 shares of the business’s stock in a transaction on 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 transaction, the senior vice president directly owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 102,608 shares of company stock valued at $14,916,496. Corporate insiders own 0.31% of the company’s stock.

Lam Research Price Performance

LRCX opened at $185.06 on Monday. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $185.78. The company has a fifty day simple moving average of $161.34 and a 200 day simple moving average of $129.39. The firm has a market cap of $232.44 billion, a price-to-earnings ratio of 40.76, a PEG ratio of 2.14 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The firm’s revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. 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 fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.26 per share. 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 22.91%.

Analysts Set New Price Targets

A number of research firms recently issued reports on LRCX. New Street Research upped their target price on Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Barclays set a $142.00 price objective on Lam Research and gave the company an “equal weight” rating in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lam Research from $160.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Hsbc Global Res raised shares of Lam Research to a “hold” rating in a research report on Tuesday, September 30th. Finally, Mizuho raised their price objective on Lam Research from $170.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.21.

About Lam Research

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.