Annis Gardner Whiting Capital Advisors LLC Has $990,000 Position in Lam Research Corporation $LRCX

Annis Gardner Whiting Capital Advisors LLC cut its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 32.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,629 shares of the semiconductor company’s stock after selling 2,234 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Lam Research were worth $990,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in LRCX. Norges Bank acquired a new position in Lam Research in the fourth quarter valued at about $3,645,427,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Lam Research by 352.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock worth $2,344,347,000 after buying an additional 10,666,540 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Lam Research by 57.0% in the fourth quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company’s stock valued at $1,730,724,000 after acquiring an additional 3,671,073 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Lam Research by 235.5% in the fourth quarter. Corient Private Wealth LLC now owns 5,199,441 shares of the semiconductor company’s stock valued at $890,040,000 after acquiring an additional 3,649,553 shares during the last quarter. Finally, J. Stern & Co. LLP boosted its holdings in shares of Lam Research by 3,826.9% in the 4th quarter. J. Stern & Co. LLP now owns 3,459,377 shares of the semiconductor company’s stock worth $592,176,000 after acquiring an additional 3,371,283 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling

In related news, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the transaction, the director owned 199,205 shares of the company’s stock, valued at $69,881,114. This trade represents a 21.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the transaction, the insider owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 104,621 shares of company stock valued at $33,804,737 over the last 90 days. 0.31% of the stock is owned by corporate insiders.

Lam Research Price Performance

LRCX opened at $313.30 on Friday. The company has a fifty day moving average price of $339.57 and a two-hundred day moving average price of $268.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. Lam Research Corporation has a 52 week low of $90.93 and a 52 week high of $438.50. The firm has a market capitalization of $391.80 billion, a PE ratio of 59.11, a P/E/G ratio of 1.90 and a beta of 1.80.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the prior year, the business posted $1.04 EPS. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, analysts anticipate that Lam Research Corporation will post 5.68 earnings per share for the current year.

Lam Research Dividend Announcement

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

Analysts Set New Price Targets

LRCX has been the subject of a number of recent analyst reports. Weiss Ratings cut Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Cantor Fitzgerald set a $500.00 price objective on Lam Research and gave the stock an “overweight” rating in a research note on Monday, June 29th. B. Riley Financial increased their target price on Lam Research from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. BNP Paribas Exane raised their target price on Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Finally, Sanford C. Bernstein lifted their price target on Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Twenty-eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $358.67.

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.