Lam Research Corporation $LRCX Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. cut its stake in Lam Research Corporation (NASDAQ:LRCX) by 2.1% in the third quarter, Holdings Channel reports. The fund owned 2,961,248 shares of the semiconductor company’s stock after selling 63,305 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Lam Research were worth $396,511,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LRCX. Howard Hughes Medical Institute acquired a new stake in Lam Research during the second quarter worth about $27,000. Sound Income Strategies LLC acquired a new stake in Lam Research during the third quarter worth $41,000. Tripletail Wealth Management LLC purchased a new stake in Lam Research in the third quarter valued at $44,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Lam Research in the 2nd quarter valued at $29,000. Finally, Delos Wealth Advisors LLC acquired a new position in shares of Lam Research in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LRCX. Zacks Research raised shares of Lam Research from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 20th. Stifel Nicolaus lifted their target price on shares of Lam Research from $250.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Citigroup upped their price target on Lam Research from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. HSBC boosted their price objective on Lam Research from $181.00 to $221.00 and gave the company a “hold” rating in a report on Friday, January 30th. Finally, UBS Group set a $300.00 target price on Lam Research in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and a consensus price target of $245.19.

Insider Transactions at Lam Research

In other Lam Research news, Director Eric Brandt sold 35,000 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the sale, the director owned 253,705 shares in the company, valued at approximately $57,235,848. This represents a 12.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.31% of the company’s stock.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $249.48 on Thursday. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $256.68. The firm has a market capitalization of $311.54 billion, a P/E ratio of 51.12, a P/E/G ratio of 2.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The company’s fifty day moving average price is $214.18 and its 200 day moving average price is $163.37.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, sell-side analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 0.4%. Lam Research’s dividend payout ratio is 21.31%.

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.