Lam Research Corporation $LRCX Stake Trimmed by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC lessened its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 8.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,239 shares of the semiconductor company’s stock after selling 6,331 shares during the period. Beacon Pointe Advisors LLC’s holdings in Lam Research were worth $6,837,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LRCX. Blueshift Asset Management LLC purchased a new position in shares of Lam Research during the second quarter valued at $231,000. Arrowstreet Capital Limited Partnership acquired a new stake in Lam Research during the 2nd quarter worth about $125,266,000. Westerkirk Capital Inc. acquired a new stake in Lam Research during the 2nd quarter worth about $4,635,000. Quantbot Technologies LP grew its stake in Lam Research by 43.7% during the 2nd quarter. Quantbot Technologies LP now owns 62,003 shares of the semiconductor company’s stock valued at $6,035,000 after acquiring an additional 18,853 shares in the last quarter. Finally, Van Hulzen Asset Management LLC boosted its holdings in Lam Research by 181.9% during the second quarter. Van Hulzen Asset Management LLC now owns 158,943 shares of the semiconductor company’s stock valued at $15,472,000 after acquiring an additional 102,553 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Up 1.0%

Shares of Lam Research stock opened at $159.75 on Thursday. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $167.15. The firm has a market capitalization of $200.65 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 1.59 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60. The company’s fifty day moving average price is $148.83 and its two-hundred day moving average price is $116.31.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.04. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The firm’s revenue was up 27.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Lam Research’s dividend payout ratio is presently 22.91%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Sanford C. Bernstein lifted their price objective on Lam Research from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Stifel Nicolaus set a $160.00 price target on Lam Research and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Zacks Research cut Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. JPMorgan Chase & Co. boosted their target price on shares of Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Finally, Mizuho increased their price target on shares of Lam Research from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.87.

Insider Buying and Selling

In related news, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the sale, the director owned 1,652 shares of the company’s stock, valued at $264,303.48. The trade was a 44.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the transaction, the chief financial officer owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 102,608 shares of company stock worth $14,916,496 over the last 90 days. Corporate insiders own 0.31% of the company’s stock.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.