Chicago Capital LLC Sells 8,160 Shares of Lam Research Corporation $LRCX

Chicago Capital LLC cut its stake in Lam Research Corporation (NASDAQ:LRCX) by 65.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,257 shares of the semiconductor company’s stock after selling 8,160 shares during the period. Chicago Capital LLC’s holdings in Lam Research were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Natural Investments LLC lifted its holdings in shares of Lam Research by 2.4% in the third quarter. Natural Investments LLC now owns 3,408 shares of the semiconductor company’s stock valued at $456,000 after purchasing an additional 79 shares in the last quarter. Relyea Zuckerberg Hanson LLC grew its holdings 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 worth $492,000 after buying an additional 80 shares in the last quarter. Ignite Planners LLC raised its position in 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 buying an additional 100 shares during the last quarter. Toth Financial Advisory Corp lifted its stake in Lam Research by 10.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 1,100 shares of the semiconductor company’s stock valued at $147,000 after acquiring an additional 100 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its position in 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 acquiring an additional 100 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of recent research reports. Mizuho lifted their price objective 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. Wells Fargo & Company increased their target price on shares of Lam Research from $135.00 to $145.00 and gave the stock an “equal weight” rating in a report 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 note on Thursday, October 23rd. Citigroup boosted their price target on shares of Lam Research from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Finally, Dbs Bank increased their price objective on shares of Lam Research from $119.40 to $184.20 in a research note on Monday, October 27th. Twenty-six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.21.

Lam Research Trading Up 6.3%

Shares of NASDAQ:LRCX opened at $206.96 on Wednesday. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $210.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The company has a market capitalization of $259.95 billion, a P/E ratio of 45.59, a price-to-earnings-growth ratio of 2.25 and a beta of 1.77. The company has a 50-day simple moving average of $163.12 and a 200 day simple moving average of $130.94.

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, beating the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The business’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. Sell-side analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders 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 yield of 0.5%. Lam Research’s dividend payout ratio (DPR) is currently 22.91%.

Insider Activity at Lam Research

In related news, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the sale, the director owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. The trade was a 44.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the transaction, the chief financial officer owned 987,237 shares in the company, valued at approximately $148,677,892.20. This trade represents a 3.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 102,608 shares of company stock valued at $14,916,496. 0.31% of the stock is owned by company insiders.

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.