Allworth Financial LP Sells 7,548 Shares of Lam Research Corporation $LRCX

Allworth Financial LP lessened its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 8.6% in the third quarter, HoldingsChannel.com reports. The firm owned 80,703 shares of the semiconductor company’s stock after selling 7,548 shares during the quarter. Allworth Financial LP’s holdings in Lam Research were worth $10,806,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in LRCX. Swiss Life Asset Management Ltd increased its holdings in Lam Research by 1.6% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 540,813 shares of the semiconductor company’s stock valued at $72,415,000 after purchasing an additional 8,483 shares during the period. Groupama Asset Managment lifted its holdings in Lam Research by 22.9% in the 3rd quarter. Groupama Asset Managment now owns 118,579 shares of the semiconductor company’s stock worth $15,878,000 after buying an additional 22,095 shares during the period. Syverson Strege & Co bought a new stake in shares of Lam Research in the 3rd quarter worth approximately $208,000. Investment Research Partners LLC bought a new stake in shares of Lam Research in the 3rd quarter worth approximately $1,045,000. Finally, Strategic Advocates LLC purchased a new position in shares of Lam Research during the third quarter valued at approximately $109,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LRCX shares. Mizuho set a $265.00 price target on Lam Research in a research note on Wednesday, January 28th. Evercore set a $275.00 price objective on shares of Lam Research in a research report on Thursday, January 29th. KeyCorp restated a “sector weight” rating on shares of Lam Research in a report on Thursday, January 29th. Susquehanna set a $325.00 target price on shares of Lam Research and gave the company a “positive” rating in a research note on Thursday, January 29th. Finally, Sanford C. Bernstein boosted their price target on shares of Lam Research from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $245.35.

Insider Activity

In other news, insider Ava Harter sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $232.50, for a total value of $930,000.00. Following the sale, the insider directly owned 54,705 shares of the company’s stock, valued at $12,718,912.50. The trade was a 6.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the sale, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. The trade was a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 130,886 shares of company stock worth $29,658,802. Insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX stock opened at $233.99 on Friday. The company’s fifty day moving average price is $226.72 and its 200-day moving average price is $176.12. The stock has a market cap of $292.20 billion, a PE ratio of 47.95, a price-to-earnings-growth ratio of 2.42 and a beta of 1.77. 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 12 month low of $56.32 and a 12 month high of $256.68.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (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 analyst estimates of $5.23 billion. During the same period last year, the business earned $0.91 EPS. Lam Research’s quarterly revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, equities analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm 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 dividend payout ratio (DPR) is presently 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.