Jackson Wealth Management LLC Sells 94,917 Shares of Lam Research Corporation $LRCX

Jackson Wealth Management LLC reduced its holdings in Lam Research Corporation (NASDAQ:LRCX) by 92.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 7,815 shares of the semiconductor company’s stock after selling 94,917 shares during the period. Lam Research comprises approximately 2.0% of Jackson Wealth Management LLC’s holdings, making the stock its 12th biggest position. Jackson Wealth Management LLC’s holdings in Lam Research were worth $3,386,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LRCX. Paladin Partners LLC bought a new position in Lam Research during the 2nd quarter worth approximately $26,000. Bravera Wealth bought a new position in shares of Lam Research in the 2nd quarter worth about $46,000. Cedar Mountain Advisors LLC lifted its stake in shares of Lam Research by 242.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 85 shares during the period. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Lam Research during the 2nd quarter valued at about $52,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Lam Research during the first quarter worth approximately $26,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $301.49 on Tuesday. The company has a market capitalization of $377.26 billion, a PE ratio of 52.34, a PEG ratio of 1.20 and a beta of 1.84. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average price is $328.26 and its 200-day moving average price is $290.09. Lam Research Corporation has a twelve month low of $94.11 and a twelve month high of $438.50.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period last year, the company posted $1.33 earnings per share. Lam Research’s quarterly revenue was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities analysts anticipate that Lam Research Corporation will post 9.33 EPS for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be issued a $0.33 dividend. This is an increase from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research’s payout ratio is presently 18.06%.

Analyst Upgrades and Downgrades

LRCX has been the subject of several research analyst reports. Evercore reiterated an “outperform” rating and issued a $355.00 price objective on shares of Lam Research in a research note on Monday, July 20th. Oppenheimer reiterated an “outperform” rating and issued a $400.00 price target (up from $330.00) on shares of Lam Research in a report on Monday, June 15th. Barclays restated an “overweight” rating and set a $335.00 price objective (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. Jefferies Financial Group set a $335.00 target price on Lam Research and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Wall Street Zen downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average target price of $357.31.

Insider Activity

In related news, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the completion of the sale, the director owned 87,142 shares in the company, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the transaction, the director directly owned 199,205 shares of the company’s stock, valued at $69,881,114. This represents a 21.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.31% of the stock is currently owned by corporate insiders.

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.