Lam Research Corporation $LRCX Shares Sold by IFP Advisors Inc

IFP Advisors Inc decreased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 48.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,274 shares of the semiconductor company’s stock after selling 14,162 shares during the quarter. IFP Advisors Inc’s holdings in Lam Research were worth $2,150,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LRCX. Gilliland Jeter Wealth Management LLC raised its holdings 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 in the last quarter. Gold Investment Management Ltd. boosted its holdings in shares of Lam Research by 0.5% in the 3rd quarter. Gold Investment Management Ltd. now owns 14,736 shares of the semiconductor company’s stock valued at $1,973,000 after buying an additional 70 shares in the last quarter. Hemington Wealth Management grew its position in shares of Lam Research by 4.3% in the 3rd quarter. Hemington Wealth Management now owns 1,731 shares of the semiconductor company’s stock valued at $231,000 after buying an additional 72 shares during the last quarter. Magnus Financial Group LLC raised its stake in Lam Research by 0.3% during the 3rd quarter. Magnus Financial Group LLC now owns 22,838 shares of the semiconductor company’s stock worth $3,058,000 after acquiring an additional 76 shares in the last quarter. Finally, Addison Advisors LLC raised its stake in Lam Research by 2.8% during the 3rd quarter. Addison Advisors LLC now owns 2,857 shares of the semiconductor company’s stock worth $383,000 after acquiring an additional 77 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on LRCX shares. Evercore set a $275.00 price objective on shares of Lam Research in a research note on Thursday, January 29th. Citigroup lifted their target price on Lam Research from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Stifel Nicolaus boosted their target price on Lam Research from $250.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $320.00 target price (up from $265.00) on shares of Lam Research in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. raised their price target on Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. One investment 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 company. According to MarketBeat, Lam Research has an average rating of “Moderate Buy” and a consensus target price of $245.35.

Lam Research Trading Down 2.4%

NASDAQ LRCX opened at $228.36 on Friday. The firm’s fifty day moving average is $226.92 and its two-hundred day moving average is $177.57. Lam Research Corporation has a one year low of $56.32 and a one year high of $256.68. 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 market cap of $285.17 billion, a PE ratio of 46.80, a P/E/G ratio of 2.46 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate 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 prior year, the firm earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is 21.31%.

Insider Buying and Selling at Lam Research

In other news, insider Ava Harter sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $232.50, for a total value of $930,000.00. Following the transaction, the insider owned 54,705 shares of the company’s stock, valued at approximately $12,718,912.50. The trade was a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the sale, the chief financial officer owned 1,081,705 shares of the company’s stock, valued at $242,334,371.15. This trade represents a 4.42% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 130,886 shares of company stock worth $29,658,802. 0.31% of the stock is currently owned by insiders.

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.