Chicago Capital LLC Has $570,000 Position in Lam Research Corporation $LRCX

Chicago Capital LLC trimmed its holdings in Lam Research Corporation (NASDAQ:LRCX) by 65.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,257 shares of the semiconductor company’s stock after selling 8,160 shares during the period. Chicago Capital LLC’s holdings in Lam Research were worth $570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in Lam Research during the second quarter worth $26,000. Howard Hughes Medical Institute acquired a new position in shares of Lam Research during the 2nd quarter valued at about $27,000. Sound Income Strategies LLC acquired a new position in shares of Lam Research during the 3rd quarter valued at about $41,000. Tripletail Wealth Management LLC bought a new position in shares of Lam Research in the 3rd quarter valued at approximately $44,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in Lam Research in the 2nd quarter worth approximately $29,000. Institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LRCX. Oppenheimer set a $200.00 price target on shares of Lam Research and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Susquehanna lifted their price objective on Lam Research from $135.00 to $200.00 and gave the stock a “positive” rating in a research note on Thursday, October 23rd. Zacks Research downgraded Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Cowen reaffirmed a “buy” rating on shares of Lam Research in a research report on Thursday, October 23rd. Finally, BNP Paribas Exane raised their target price on Lam Research from $80.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $161.21.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the transaction, the director owned 1,652 shares in the company, valued at $264,303.48. The trade was a 44.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ava Harter sold 9,010 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $157.47, for a total value of $1,418,804.70. Following the completion of the transaction, the insider owned 56,786 shares of the company’s stock, valued at $8,942,091.42. This represents a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 102,608 shares of company stock valued at $14,916,496. Insiders own 0.31% of the company’s stock.

Lam Research Stock Up 6.3%

NASDAQ:LRCX opened at $206.96 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $259.95 billion, a P/E ratio of 45.59, a P/E/G ratio of 2.25 and a beta of 1.77. The stock’s fifty day simple moving average is $163.12 and its 200-day simple moving average is $130.94. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $210.45.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data 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. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. Lam Research’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the firm earned $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 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, December 3rd. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

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.