Lam Research Corporation $LRCX Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC trimmed its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 20.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,441 shares of the semiconductor company’s stock after selling 5,248 shares during the quarter. DAVENPORT & Co LLC’s holdings in Lam Research were worth $3,499,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. PMV Capital Advisers LLC acquired a new stake in Lam Research during the fourth quarter valued at $25,000. Stance Capital LLC purchased a new position in Lam Research in the third quarter valued at $26,000. Triumph Capital Management acquired a new position in shares of Lam Research in the third quarter worth about $27,000. Harbor Investment Advisory LLC raised its position in shares of Lam Research by 73.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 102 shares during the period. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Lam Research during the 2nd quarter worth about $27,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lam Research

In other news, insider Ava Harter sold 4,000 shares of the company’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 completion of the sale, the insider directly owned 54,705 shares in the company, valued at $12,718,912.50. This represents a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the sale, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. This represents a 4.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,886 shares of company stock worth $29,658,802 in the last ninety days. Insiders own 0.31% of the company’s stock.

Lam Research Price Performance

Lam Research stock opened at $211.41 on Friday. The company has a fifty day simple moving average of $227.81 and a 200-day simple moving average of $181.35. The firm has a market capitalization of $264.00 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 2.28 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 Corporation has a 52-week low of $56.32 and a 52-week high of $256.68.

Lam Research (NASDAQ:LRCX) last posted its quarterly 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 firm had revenue of $5.34 billion for 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 company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, equities analysts anticipate 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, April 8th. Shareholders of record on Wednesday, March 4th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is 21.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Needham & Company LLC raised their target price on Lam Research from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Stifel Nicolaus increased their price target on Lam Research from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. HSBC raised their price objective on Lam Research from $181.00 to $221.00 and gave the company a “hold” rating in a report on Friday, January 30th. Morgan Stanley boosted their price objective on Lam Research from $244.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 25th. Finally, Argus upped their target price on Lam Research from $175.00 to $280.00 in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $245.35.

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.