Allworth Financial LP Sells 7,548 Shares of Lam Research Corporation $LRCX

Allworth Financial LP decreased its position in Lam Research Corporation (NASDAQ:LRCX) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,703 shares of the semiconductor company’s stock after selling 7,548 shares during the period. Allworth Financial LP’s holdings in Lam Research were worth $10,806,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of LRCX. Gilliland Jeter Wealth Management LLC boosted its position in Lam Research by 0.3% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 26,501 shares of the semiconductor company’s stock worth $3,548,000 after purchasing an additional 69 shares during the period. Gold Investment Management Ltd. increased its stake in shares of Lam Research by 0.5% in the third quarter. Gold Investment Management Ltd. now owns 14,736 shares of the semiconductor company’s stock worth $1,973,000 after purchasing an additional 70 shares in the last quarter. Hemington Wealth Management raised its position in shares of Lam Research by 4.3% in the third quarter. Hemington Wealth Management now owns 1,731 shares of the semiconductor company’s stock valued at $231,000 after purchasing an additional 72 shares during the period. Magnus Financial Group LLC lifted its stake in shares of Lam Research by 0.3% during the 3rd quarter. Magnus Financial Group LLC now owns 22,838 shares of the semiconductor company’s stock valued at $3,058,000 after buying an additional 76 shares in the last quarter. Finally, Addison Advisors LLC lifted its stake in shares of Lam Research by 2.8% during the 3rd quarter. Addison Advisors LLC now owns 2,857 shares of the semiconductor company’s stock valued at $383,000 after buying an additional 77 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LRCX has been the subject of a number of recent research reports. UBS Group set a $300.00 price objective on shares of Lam Research in a research note on Thursday, January 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $265.00 price target on shares of Lam Research in a report on Thursday, January 29th. HSBC lifted their price target on Lam Research from $181.00 to $221.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Lam Research in a report on Monday, December 29th. Finally, Morgan Stanley raised their target price on Lam Research from $244.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $245.35.

Insider Activity

In related news, insider Ava Harter sold 1,500 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total transaction of $333,990.00. Following the transaction, the insider owned 53,205 shares of the company’s stock, valued at approximately $11,846,625.30. This trade represents a 2.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction on Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the transaction, the director owned 253,705 shares in the company, valued at approximately $57,235,848. The trade was a 12.12% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 130,886 shares of company stock valued at $29,658,802. Corporate insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

NASDAQ:LRCX opened at $233.99 on Friday. The business’s 50-day moving average price is $226.72 and its two-hundred day moving average price is $176.12. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $256.68. The stock has a market cap of $292.20 billion, a P/E ratio of 47.95, a PEG ratio of 2.42 and a beta of 1.77. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37.

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

Lam Research Announces Dividend

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

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.