IFP Advisors Inc Cuts Stock Holdings in Lam Research Corporation $LRCX

IFP Advisors Inc lowered its position in Lam Research Corporation (NASDAQ:LRCX) by 48.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,274 shares of the semiconductor company’s stock after selling 14,162 shares during the period. IFP Advisors Inc’s holdings in Lam Research were worth $2,150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Lingohr Asset Management GmbH grew its stake in shares of Lam Research by 590.7% during the 3rd quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company’s stock worth $7,974,000 after purchasing an additional 50,933 shares during the period. Mediolanum International Funds Ltd lifted its stake in shares of Lam Research by 52.0% in the third quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company’s stock valued at $34,417,000 after purchasing an additional 89,856 shares during the period. First Citizens Bank & Trust Co. boosted its holdings in Lam Research by 8.0% during the third quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock worth $18,804,000 after buying an additional 10,408 shares in the last quarter. Thoroughbred Financial Services LLC grew its position in Lam Research by 115.2% during the third quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company’s stock worth $2,972,000 after buying an additional 11,883 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in Lam Research by 30.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock worth $19,369,000 after buying an additional 34,147 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LRCX shares. TD Cowen lifted their price target on shares of Lam Research from $170.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft upped their price target on Lam Research from $260.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Oppenheimer reiterated an “outperform” rating and set a $265.00 target price on shares of Lam Research in a research report on Thursday, January 29th. Finally, Barclays upped their target price on Lam Research from $250.00 to $255.00 and gave the company an “equal weight” rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $245.35.

Lam Research Trading Down 2.4%

Shares of Lam Research stock opened at $228.36 on Friday. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $256.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The business has a 50 day moving average price of $226.92 and a 200 day moving average price of $177.57. The company has a market capitalization of $285.17 billion, a P/E ratio of 46.80, a P/E/G ratio of 2.46 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. 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. Sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

Insider Activity at Lam Research

In related news, insider Ava Harter sold 4,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $232.50, for a total value of $930,000.00. Following the completion of the transaction, the insider owned 54,705 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the sale, the chief financial officer directly owned 1,081,705 shares in the company, valued at $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is owned by insiders.

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.