GSA Capital Partners LLP Sells 5,398 Shares of Lam Research Corporation $LRCX

GSA Capital Partners LLP lowered its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 57.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,926 shares of the semiconductor company’s stock after selling 5,398 shares during the quarter. GSA Capital Partners LLP’s holdings in Lam Research were worth $526,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute bought a new position in shares of Lam Research in the second quarter valued at approximately $27,000. Strategic Wealth Investment Group LLC bought a new stake in Lam Research during the 2nd quarter worth approximately $29,000. Delos Wealth Advisors LLC acquired a new stake in Lam Research during the 2nd quarter valued at $30,000. Bank of Jackson Hole Trust increased its holdings in Lam Research by 111.1% during the 2nd quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 200 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Lam Research in the 2nd quarter valued at $38,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

Lam Research stock opened at $242.27 on Tuesday. The company has a market cap of $302.54 billion, a PE ratio of 49.65, a PEG ratio of 2.63 and a beta of 1.78. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $251.87. The company’s 50-day moving average is $210.67 and its two-hundred day moving average is $161.76.

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

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

Wall Street Analyst Weigh In

LRCX has been the topic of several research analyst reports. TD Cowen increased their target price on Lam Research from $170.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Susquehanna set a $325.00 price target on shares of Lam Research and gave the stock a “positive” rating in a research report on Thursday, January 29th. Wells Fargo & Company raised their price objective on shares of Lam Research from $250.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Mizuho set a $265.00 target price on shares of Lam Research in a research note on Wednesday, January 28th. Finally, Citic Securities upped their target price on shares of Lam Research from $165.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $244.88.

Insider Activity at Lam Research

In related news, Director Eric Brandt sold 35,000 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was 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 represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.31% of the stock is currently owned by company 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.