Farmers Trust Co. Sells 2,849 Shares of Lam Research Corporation $LRCX

Farmers Trust Co. decreased its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 5.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 53,861 shares of the semiconductor company’s stock after selling 2,849 shares during the quarter. Lam Research makes up approximately 1.5% of Farmers Trust Co.’s investment portfolio, making the stock its 13th biggest position. Farmers Trust Co.’s holdings in Lam Research were worth $9,220,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of LRCX. Avior Wealth Management LLC boosted its holdings in Lam Research by 8.5% in the fourth quarter. Avior Wealth Management LLC now owns 2,069 shares of the semiconductor company’s stock valued at $354,000 after acquiring an additional 162 shares during the last quarter. Holos Integrated Wealth LLC bought a new stake in Lam Research during the 4th quarter worth about $150,000. Marathon Mission Inc. lifted its position in Lam Research by 5.3% during the 4th quarter. Marathon Mission Inc. now owns 3,891 shares of the semiconductor company’s stock valued at $666,000 after purchasing an additional 197 shares during the period. GAMMA Investing LLC boosted its stake in shares of Lam Research by 9.0% in the 4th quarter. GAMMA Investing LLC now owns 33,194 shares of the semiconductor company’s stock valued at $5,682,000 after purchasing an additional 2,745 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its stake in Lam Research by 8.1% in the fourth quarter. Rosenberg Matthew Hamilton now owns 939 shares of the semiconductor company’s stock valued at $161,000 after acquiring an additional 70 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Insider Activity at Lam Research

In related news, CFO Douglas R. Bettinger sold 50,057 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the transaction, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $7,896,000.00. Following the completion of the sale, the director owned 253,705 shares in the company, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on LRCX shares. B. Riley Financial reiterated a “buy” rating on shares of Lam Research in a research report on Thursday, January 15th. KeyCorp reaffirmed a “sector weight” rating on shares of Lam Research in a research note on Thursday, January 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $290.00 price objective (up from $260.00) on shares of Lam Research in a report on Thursday, January 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Lam Research in a research note on Monday, December 29th. Finally, Citic Securities boosted their target price on Lam Research from $165.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and an average target price of $245.35.

Lam Research Trading Up 4.1%

NASDAQ LRCX opened at $233.99 on Friday. Lam Research Corporation has a one year low of $56.32 and a one year high of $256.68. 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 firm has a market cap of $292.20 billion, a P/E ratio of 47.95, a P/E/G ratio of 2.42 and a beta of 1.77. The stock’s 50-day moving average is $226.72 and its 200-day moving average is $176.12.

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

Lam Research Announces Dividend

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

Lam Research Company 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.