Holocene Advisors LP Sells 633,212 Shares of Lam Research Corporation $LRCX

Holocene Advisors LP trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 69.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 276,208 shares of the semiconductor company’s stock after selling 633,212 shares during the quarter. Holocene Advisors LP’s holdings in Lam Research were worth $36,984,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Gilliland Jeter Wealth Management LLC grew its stake in Lam Research by 0.3% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 26,501 shares of the semiconductor company’s stock worth $3,548,000 after buying an additional 69 shares during the last quarter. Gold Investment Management Ltd. lifted its holdings in shares of Lam Research by 0.5% in the 3rd quarter. Gold Investment Management Ltd. now owns 14,736 shares of the semiconductor company’s stock valued at $1,973,000 after buying an additional 70 shares during the period. Hemington Wealth Management increased its holdings in shares of Lam Research by 4.3% during the 3rd quarter. Hemington Wealth Management now owns 1,731 shares of the semiconductor company’s stock valued at $231,000 after purchasing an additional 72 shares in the last quarter. Magnus Financial Group LLC increased its holdings in Lam Research by 0.3% in the 3rd quarter. Magnus Financial Group LLC now owns 22,838 shares of the semiconductor company’s stock worth $3,058,000 after acquiring an additional 76 shares in the last quarter. Finally, Addison Advisors LLC lifted its stake in Lam Research by 2.8% in the 3rd quarter. Addison Advisors LLC now owns 2,857 shares of the semiconductor company’s stock valued at $383,000 after buying an additional 77 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 3.4%

NASDAQ:LRCX opened at $219.40 on Tuesday. The company has a market capitalization of $273.98 billion, a PE ratio of 44.96, a P/E/G ratio of 2.28 and a beta of 1.77. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $256.68. The stock’s 50 day moving average price is $225.24 and its 200 day moving average price is $174.48. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be given a $0.26 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 0.5%. Lam Research’s dividend payout ratio is 21.31%.

Insider Buying and Selling

In related news, Director Eric Brandt sold 35,000 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the sale, the director owned 253,705 shares in the company, valued at $57,235,848. This represents a 12.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Douglas R. Bettinger sold 50,057 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the transaction, the chief financial officer directly owned 1,081,705 shares in the company, valued at $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 130,886 shares of company stock worth $29,658,802 in the last 90 days. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

LRCX has been the subject of a number of research reports. Summit Insights raised shares of Lam Research from a “hold” rating to a “buy” rating in a report on Thursday, January 29th. Wells Fargo & Company increased their price target on Lam Research from $250.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Mizuho set a $265.00 target price on Lam Research in a research note on Wednesday, January 28th. Needham & Company LLC upped their target price on shares of Lam Research from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, Citigroup lifted their price target on Lam Research from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $245.35.

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.