Arista Wealth Management LLC Sells 2,311 Shares of Lam Research Corporation $LRCX

Arista Wealth Management LLC cut its holdings in Lam Research Corporation (NASDAQ:LRCX) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,394 shares of the semiconductor company’s stock after selling 2,311 shares during the quarter. Arista Wealth Management LLC’s holdings in Lam Research were worth $2,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of Lam Research by 781.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock valued at $1,518,542,000 after acquiring an additional 10,053,978 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Lam Research by 18.2% during the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock valued at $2,836,397,000 after acquiring an additional 3,263,658 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Lam Research by 108.7% during the third quarter. California Public Employees Retirement System now owns 4,526,099 shares of the semiconductor company’s stock valued at $606,045,000 after acquiring an additional 2,356,897 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Lam Research by 138.6% during the third quarter. AQR Capital Management LLC now owns 3,541,230 shares of the semiconductor company’s stock valued at $472,294,000 after acquiring an additional 2,056,749 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in shares of Lam Research by 1,925.5% during the fourth quarter. M&T Bank Corp now owns 1,717,551 shares of the semiconductor company’s stock valued at $294,010,000 after acquiring an additional 1,632,754 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Insider Transactions at Lam Research

In other news, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction 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 sale, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Neil J. Fernandes sold 18,170 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the sale, the senior vice president directly owned 66,129 shares in the company, valued at approximately $16,872,153.06. This represents a 21.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 120,066 shares of company stock valued at $27,953,242. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citic Securities upped their target price on Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 30th. Seaport Research Partners assumed coverage on Lam Research in a report on Monday, May 4th. They set a “buy” rating and a $300.00 target price for the company. Summit Insights upgraded Lam Research from a “hold” rating to a “buy” rating in a report on Thursday, January 29th. Wall Street Zen downgraded Lam Research from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Mizuho set a $380.00 target price on Lam Research and gave the company an “outperform” rating in a report on Wednesday. Twenty-seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $295.07.

Lam Research Price Performance

Shares of LRCX stock opened at $318.93 on Thursday. The stock has a market cap of $398.84 billion, a price-to-earnings ratio of 60.18, a PEG ratio of 2.67 and a beta of 1.81. The business’s fifty day moving average is $260.18 and its 200 day moving average is $218.99. Lam Research Corporation has a twelve month low of $79.49 and a twelve month high of $333.33. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Research analysts expect that Lam Research Corporation will post 5.67 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 17th. Lam Research’s dividend payout ratio is currently 19.62%.

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.