Arvest Bank Trust Division Lowers Stock Holdings in Lam Research Corporation $LRCX

Arvest Bank Trust Division trimmed its stake in Lam Research Corporation (NASDAQ:LRCX) by 2.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 85,080 shares of the semiconductor company’s stock after selling 2,276 shares during the period. Arvest Bank Trust Division’s holdings in Lam Research were worth $14,564,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Traphagen Investment Advisors LLC increased its stake in shares of Lam Research by 2.4% during the fourth quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock valued at $336,000 after buying an additional 46 shares during the period. Field & Main Bank raised its holdings in shares of Lam Research by 1.1% in the fourth quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company’s stock valued at $790,000 after acquiring an additional 50 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Lam Research by 1.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company’s stock valued at $795,000 after acquiring an additional 51 shares in the last quarter. Retirement Planning Group LLC raised its holdings in shares of Lam Research by 2.9% in the fourth quarter. Retirement Planning Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $314,000 after acquiring an additional 51 shares in the last quarter. Finally, Plancorp LLC raised its holdings in shares of Lam Research by 2.1% in the fourth quarter. Plancorp LLC now owns 2,518 shares of the semiconductor company’s stock valued at $431,000 after acquiring an additional 51 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the sale, the insider owned 53,205 shares of the company’s stock, valued at $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Neil J. Fernandes sold 18,170 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the transaction, the senior vice president directly owned 66,129 shares of the company’s stock, valued at $16,872,153.06. The trade was a 21.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 120,066 shares of company stock valued at $27,953,242 over the last quarter. 0.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

LRCX has been the topic of several analyst reports. Weiss Ratings lowered Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. New Street Research lifted their target price on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Susquehanna lifted their target price on Lam Research from $350.00 to $385.00 and gave the company a “positive” rating in a research note on Thursday, April 23rd. Wall Street Zen lowered Lam Research from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $320.00 target price on shares of Lam Research in a research note on Thursday, April 23rd. 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $293.46.

Lam Research Trading Up 5.7%

Lam Research stock opened at $322.68 on Wednesday. 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 52 week low of $79.49 and a 52 week high of $323.98. The company has a market capitalization of $403.53 billion, a price-to-earnings ratio of 60.88, a price-to-earnings-growth ratio of 2.53 and a beta of 1.81. The stock has a 50-day moving average price of $258.19 and a 200 day moving average price of $217.89.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping 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 firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Sell-side analysts anticipate that Lam Research Corporation will post 5.67 EPS for the current year.

Lam Research Dividend Announcement

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

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.