Lam Research Corporation $LRCX Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lessened its stake in Lam Research Corporation (NASDAQ:LRCX) by 1.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 300,742 shares of the semiconductor company’s stock after selling 3,665 shares during the quarter. Lam Research accounts for about 1.2% of Dana Investment Advisors Inc.’s investment portfolio, making the stock its 10th biggest holding. Dana Investment Advisors Inc.’s holdings in Lam Research were worth $40,269,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LRCX. Howard Hughes Medical Institute purchased a new stake in Lam Research during the second quarter worth $27,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Lam Research in the second quarter worth about $29,000. Delos Wealth Advisors LLC purchased a new stake in shares of Lam Research during the 2nd quarter worth about $30,000. Bank of Jackson Hole Trust grew its position in shares of Lam Research by 111.1% during the 2nd quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 200 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Lam Research in the 2nd quarter valued at about $38,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Eric Brandt sold 35,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citic Securities increased their price target on Lam Research from $165.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Citigroup increased their target price on Lam Research from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. boosted their price target on shares of Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Summit Insights upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a research report on Thursday, January 29th. Finally, Evercore set a $275.00 target price on shares of Lam Research in a research report on Thursday, January 29th. One research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $244.88.

Lam Research Price Performance

Lam Research stock opened at $242.27 on Tuesday. The company has a fifty day simple moving average of $210.67 and a 200-day simple moving average of $161.76. The firm has a market capitalization of $302.54 billion, a price-to-earnings ratio of 49.65, a PEG ratio of 2.63 and a beta of 1.78. 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 $251.87.

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 analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The firm had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same period in the previous year, the business posted $0.91 earnings per share. Lam Research’s quarterly 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. On average, equities analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.26 per share. 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 payout ratio is currently 21.31%.

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.