Lam Research Corporation $LRCX Shares Sold by AXQ Capital LP

AXQ Capital LP lowered its position in Lam Research Corporation (NASDAQ:LRCX) by 42.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,256 shares of the semiconductor company’s stock after selling 2,420 shares during the period. AXQ Capital LP’s holdings in Lam Research were worth $436,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LRCX. Norges Bank acquired a new stake in shares of Lam Research in the second quarter worth $1,894,585,000. JPMorgan Chase & Co. boosted its holdings in Lam Research by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after purchasing an additional 5,102,589 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Lam Research by 35.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 9,849,868 shares of the semiconductor company’s stock worth $958,786,000 after purchasing an additional 2,575,456 shares during the period. Sei Investments Co. raised its stake in shares of Lam Research by 103.5% during the 2nd quarter. Sei Investments Co. now owns 3,049,460 shares of the semiconductor company’s stock valued at $296,833,000 after buying an additional 1,550,842 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Lam Research by 48.9% during the 3rd quarter. Voya Investment Management LLC now owns 4,445,681 shares of the semiconductor company’s stock valued at $594,620,000 after buying an additional 1,460,622 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $249.48 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The firm has a fifty day moving average of $214.18 and a 200 day moving average of $163.37. The firm has a market cap of $311.54 billion, a PE ratio of 51.12, a PEG ratio of 2.62 and a beta of 1.78. Lam Research Corporation has a one year low of $56.32 and a one year high of $256.68.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same quarter last year, the business earned $0.91 earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, research analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, March 4th. Lam Research’s payout ratio is 21.31%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several analyst reports. Needham & Company LLC raised their target price on Lam Research from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Morgan Stanley upped their price objective on Lam Research from $244.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Citigroup lifted their target price on shares of Lam Research from $265.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Wells Fargo & Company increased their price target on shares of Lam Research from $250.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lam Research from $260.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $245.19.

Insider Activity at Lam Research

In other news, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the transaction, the director owned 253,705 shares in the company, valued at $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is owned by insiders.

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.