Lam Research Corporation $LRCX Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. reduced its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 22.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 196,658 shares of the semiconductor company’s stock after selling 58,335 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Lam Research were worth $26,333,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LRCX. Vanguard Group Inc. boosted its position in Lam Research by 1.1% during the second quarter. Vanguard Group Inc. now owns 130,609,265 shares of the semiconductor company’s stock worth $12,713,506,000 after acquiring an additional 1,457,163 shares during the last quarter. State Street Corp lifted its stake in shares of Lam Research by 1.1% during the 2nd quarter. State Street Corp now owns 59,551,547 shares of the semiconductor company’s stock worth $5,810,172,000 after purchasing an additional 629,666 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Lam Research by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after purchasing an additional 5,102,589 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Lam Research by 3.5% in the second quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock valued at $3,280,484,000 after purchasing an additional 1,135,405 shares during the period. Finally, Norges Bank acquired a new position in Lam Research in the second quarter valued at $1,894,585,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Citigroup raised their price target on Lam Research from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Oppenheimer set a $200.00 price objective on shares of Lam Research and gave the stock an “outperform” rating in a report on Thursday, October 23rd. HSBC set a $127.00 target price on shares of Lam Research and gave the company a “hold” rating in a report on Tuesday, September 30th. Sanford C. Bernstein increased their price target on shares of Lam Research from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Finally, Mizuho lifted their price target on shares of Lam Research from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Twenty-six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $161.21.

Insider Buying and Selling

In other news, SVP Vahid Vahedi sold 52,190 shares of the business’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president directly owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ava Harter sold 9,010 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the completion of the transaction, the insider owned 56,786 shares of the company’s stock, valued at $8,942,091.42. This trade represents a 13.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 102,608 shares of company stock worth $14,916,496. Company insiders own 0.31% of the company’s stock.

Lam Research Trading Down 1.5%

NASDAQ LRCX opened at $171.18 on Friday. The firm has a market capitalization of $215.01 billion, a price-to-earnings ratio of 37.70, a PEG ratio of 1.98 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. Lam Research Corporation has a one year low of $56.32 and a one year high of $179.80. The company’s 50 day moving average price is $160.67 and its 200 day moving average price is $128.24.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The business’s quarterly revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, sell-side analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a yield of 0.6%. Lam Research’s dividend payout ratio (DPR) is 22.91%.

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.