Lam Research Corporation $LRCX Shares Sold by Harbor Island Capital LLC

Harbor Island Capital LLC lowered its holdings in Lam Research Corporation (NASDAQ:LRCX) by 28.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 230,800 shares of the semiconductor company’s stock after selling 93,675 shares during the quarter. Lam Research accounts for 13.2% of Harbor Island Capital LLC’s holdings, making the stock its largest holding. Harbor Island Capital LLC’s holdings in Lam Research were worth $30,904,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LRCX. Natural Investments LLC raised its holdings in Lam Research by 2.4% in the 3rd quarter. Natural Investments LLC now owns 3,408 shares of the semiconductor company’s stock valued at $456,000 after buying an additional 79 shares during the period. Relyea Zuckerberg Hanson LLC increased its position in shares of Lam Research by 2.2% during the third quarter. Relyea Zuckerberg Hanson LLC now owns 3,675 shares of the semiconductor company’s stock valued at $492,000 after acquiring an additional 80 shares during the last quarter. Ignite Planners LLC raised its stake in shares of Lam Research by 1.9% in the 3rd quarter. Ignite Planners LLC now owns 5,269 shares of the semiconductor company’s stock valued at $706,000 after acquiring an additional 100 shares during the period. Toth Financial Advisory Corp lifted its holdings in shares of Lam Research by 10.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 1,100 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 100 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its position in shares of Lam Research by 3.2% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 3,189 shares of the semiconductor company’s stock worth $428,000 after purchasing an additional 100 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Lam Research news, 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 in the company, valued at approximately $8,942,091.42. This represents a 13.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction dated Monday, October 13th. The stock was 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 $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 102,608 shares of company stock valued at $14,916,496. Corporate insiders own 0.31% of the company’s stock.

Lam Research Stock Up 8.1%

LRCX stock opened at $185.06 on Monday. The stock has a market cap of $232.44 billion, a P/E ratio of 40.76, a PEG ratio of 2.14 and a beta of 1.77. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $185.78. The company’s 50 day moving average is $161.34 and its two-hundred day moving average is $129.39.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 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 firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same period last year, the business earned $0.86 EPS. Lam Research’s revenue for the quarter 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. Research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Cowen reissued a “buy” rating on shares of Lam Research in a research report on Thursday, October 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $200.00 price objective (up from $175.00) on shares of Lam Research in a research note on Monday, December 15th. Oppenheimer set a $200.00 target price on Lam Research and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Stifel Nicolaus set a $160.00 price target on shares of Lam Research and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, New Street Research boosted their price objective on Lam Research from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Twenty-six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.21.

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.