Paradiem LLC Sells 88,440 Shares of Lam Research Corporation $LRCX

Paradiem LLC trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 43.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 116,490 shares of the semiconductor company’s stock after selling 88,440 shares during the quarter. Lam Research comprises approximately 4.8% of Paradiem LLC’s holdings, making the stock its 2nd largest holding. Paradiem LLC’s holdings in Lam Research were worth $19,941,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Clark Financial Services Group Inc. BD increased its stake in shares of Lam Research by 4.1% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 5,730 shares of the semiconductor company’s stock worth $981,000 after acquiring an additional 226 shares during the period. Fulcrum Equity Management purchased a new position in shares of Lam Research during the fourth quarter worth $232,000. Avior Wealth Management LLC lifted its position in Lam Research by 8.5% during the fourth quarter. Avior Wealth Management LLC now owns 2,069 shares of the semiconductor company’s stock valued at $354,000 after purchasing an additional 162 shares during the period. Holos Integrated Wealth LLC purchased a new stake in Lam Research in the fourth quarter valued at $150,000. Finally, Marathon Mission Inc. boosted its holdings in Lam Research by 5.3% in the fourth 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 last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LRCX shares. KeyCorp reiterated a “sector weight” rating on shares of Lam Research in a research note on Thursday, January 29th. TD Cowen upped their target price on Lam Research from $170.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Needham & Company LLC raised their target price on Lam Research from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Oppenheimer reiterated an “outperform” rating and set a $265.00 price target on shares of Lam Research in a research report on Thursday, January 29th. Finally, Zacks Research upgraded Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. One 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. According to MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and a consensus price target of $245.35.

Lam Research Stock Up 4.1%

Shares of NASDAQ LRCX opened at $233.99 on Friday. The firm has a market cap of $292.20 billion, a price-to-earnings ratio of 47.95, a price-to-earnings-growth ratio of 2.42 and a beta of 1.77. The company’s 50-day simple moving average is $226.72 and its 200-day simple moving average is $176.12. 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 Corporation has a 52-week low of $56.32 and a 52-week high of $256.68.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. The firm had revenue of $5.34 billion during 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 company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

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

Insider Buying and Selling at Lam Research

In other news, Director Eric Brandt sold 35,000 shares of the stock in a transaction dated 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 directly owned 253,705 shares in the company, valued at $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ava Harter sold 4,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $232.50, for a total transaction of $930,000.00. Following the completion of the transaction, the insider directly owned 54,705 shares in the company, valued at approximately $12,718,912.50. This represents a 6.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 130,886 shares of company stock worth $29,658,802. Corporate insiders own 0.31% of the company’s stock.

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.