OneAscent Financial Services LLC Cuts Position in Lam Research Corporation $LRCX

OneAscent Financial Services LLC lessened its position in Lam Research Corporation (NASDAQ:LRCX) by 67.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,909 shares of the semiconductor company’s stock after selling 3,948 shares during the quarter. OneAscent Financial Services LLC’s holdings in Lam Research were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in LRCX. Sava Infond d.o.o. boosted its holdings in Lam Research by 3.1% in the second quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock worth $7,325,000 after purchasing an additional 2,250 shares during the last quarter. Horizon Bancorp Inc. IN bought a new position in shares of Lam Research during the 2nd quarter valued at $389,000. Empowered Funds LLC boosted its stake in shares of Lam Research by 10.5% in the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after buying an additional 17,833 shares during the last quarter. Genus Capital Management Inc. bought a new stake in shares of Lam Research in the second quarter worth $14,476,000. Finally, Diversified Trust Co increased its position in Lam Research by 34.4% during the third quarter. Diversified Trust Co now owns 31,922 shares of the semiconductor company’s stock valued at $4,274,000 after acquiring an additional 8,172 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LRCX shares. Susquehanna raised their target price on Lam Research from $135.00 to $200.00 and gave the stock a “positive” rating in a research report on Thursday, October 23rd. Mizuho increased their price objective on shares of Lam Research from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Citigroup lifted their price target on shares of Lam Research from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Zacks Research lowered Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Hsbc Global Res raised Lam Research to a “hold” rating in a report on Tuesday, September 30th. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.21.

Lam Research Trading Up 6.3%

Shares of LRCX stock opened at $206.96 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The stock has a fifty day simple moving average of $163.12 and a two-hundred day simple moving average of $130.94. The firm has a market capitalization of $259.95 billion, a PE ratio of 45.59, a PEG ratio of 2.25 and a beta of 1.77. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $210.45.

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

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, December 3rd. Lam Research’s dividend payout ratio (DPR) is 22.91%.

Insider Activity at Lam Research

In other news, SVP Vahid Vahedi sold 52,190 shares of the business’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the transaction, the senior vice president owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the transaction, the director directly owned 1,652 shares of the company’s stock, valued at $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 102,608 shares of company stock worth $14,916,496. 0.31% of the stock is currently owned by corporate insiders.

Lam Research 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.