Allspring Global Investments Holdings LLC Sells 2,147 Shares of Lam Research Corporation $LRCX

Allspring Global Investments Holdings LLC lessened its position in Lam Research Corporation (NASDAQ:LRCX) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 421,295 shares of the semiconductor company’s stock after selling 2,147 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Lam Research were worth $93,532,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. PMV Capital Advisers LLC acquired a new stake in shares of Lam Research in the fourth quarter valued at approximately $25,000. Bayban acquired a new position in shares of Lam Research during the 4th quarter worth approximately $26,000. Vermillion Wealth Management Inc. acquired a new position in shares of Lam Research during the 1st quarter worth approximately $26,000. Cedar Mountain Advisors LLC raised its stake in shares of Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares in the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of Lam Research in the 3rd quarter valued at approximately $27,000. Institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their target price on shares of Lam Research from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Cantor Fitzgerald set a $500.00 price objective on shares of Lam Research and gave the stock an “overweight” rating in a research note on Monday, June 29th. Erste Group Bank cut shares of Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Needham & Company LLC raised their target price on shares of Lam Research from $300.00 to $390.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Mizuho lifted their price target on Lam Research from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Twenty-eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average price target of $358.67.

Lam Research Trading Down 2.4%

NASDAQ LRCX opened at $313.30 on Friday. 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 Corporation has a twelve month low of $90.93 and a twelve month high of $438.50. The company has a market cap of $391.80 billion, a price-to-earnings ratio of 59.11, a price-to-earnings-growth ratio of 1.90 and a beta of 1.80. The business’s fifty day moving average is $339.57 and its 200 day moving average is $268.94.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. The business had revenue of $5.84 billion during 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 business’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 5.68 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) is currently 19.62%.

Insider Buying and Selling

In other news, Director Eric Brandt sold 54,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director owned 199,205 shares in the company, valued at approximately $69,881,114. The trade was a 21.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the company’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the completion of the sale, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. This represents a 17.34% 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. Insiders sold 104,621 shares of company stock valued at $33,804,737 in the last quarter. 0.31% of the stock is currently owned by company insiders.

About Lam Research

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.