Apriem Advisors Sells 3,438 Shares of Lam Research Corporation $LRCX

Apriem Advisors decreased its stake in Lam Research Corporation (NASDAQ:LRCX) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,305 shares of the semiconductor company’s stock after selling 3,438 shares during the period. Lam Research makes up 1.2% of Apriem Advisors’ portfolio, making the stock its 19th largest holding. Apriem Advisors’ holdings in Lam Research were worth $13,029,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LRCX. Brighton Jones LLC boosted its holdings in Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 12,936 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Lam Research in the 1st quarter worth approximately $239,000. Ignite Planners LLC lifted its position in shares of Lam Research by 32.8% during the 2nd quarter. Ignite Planners LLC now owns 5,169 shares of the semiconductor company’s stock worth $520,000 after buying an additional 1,277 shares during the period. Carnegie Investment Counsel acquired a new stake in Lam Research in the 2nd quarter valued at $639,000. Finally, Whipplewood Advisors LLC grew its position in Lam Research by 38.2% in the second quarter. Whipplewood Advisors LLC now owns 1,458 shares of the semiconductor company’s stock valued at $142,000 after acquiring an additional 403 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

Lam Research stock opened at $242.27 on Tuesday. The company has a market cap of $302.54 billion, a PE ratio of 49.65, a PEG ratio of 2.63 and a beta of 1.78. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $251.87. The company’s 50-day moving average is $210.67 and its two-hundred day moving average is $161.76.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping 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 company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the company earned $0.91 EPS. Lam Research’s revenue was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

Analyst Ratings Changes

Several analysts have recently weighed in on LRCX shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $200.00 price objective (up previously from $175.00) on shares of Lam Research in a report on Monday, December 15th. Morgan Stanley increased their price target on Lam Research from $211.00 to $244.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. Summit Insights raised Lam Research from a “hold” rating to a “buy” rating in a report on Thursday, January 29th. The Goldman Sachs Group set a $262.00 price objective on Lam Research and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, Oppenheimer restated an “outperform” rating and issued a $265.00 target price on shares of Lam Research in a research note 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $244.88.

Insider Activity at Lam Research

In related news, Director Eric Brandt sold 35,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director owned 253,705 shares in the company, valued at approximately $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.31% of the stock is currently owned by company 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.