Lam Research Corporation $LRCX Shares Sold by Swiss National Bank

Swiss National Bank cut its stake in Lam Research Corporation (NASDAQ:LRCX) by 5.1% in the third quarter, Holdings Channel.com reports. The firm owned 3,687,200 shares of the semiconductor company’s stock after selling 198,500 shares during the quarter. Swiss National Bank’s holdings in Lam Research were worth $493,716,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Lingohr Asset Management GmbH raised its stake in Lam Research by 590.7% during the third quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company’s stock worth $7,974,000 after purchasing an additional 50,933 shares during the period. Mediolanum International Funds Ltd grew its stake in shares of Lam Research by 52.0% in the 3rd quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company’s stock valued at $34,417,000 after buying an additional 89,856 shares during the period. First Citizens Bank & Trust Co. increased its holdings in shares of Lam Research by 8.0% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock worth $18,804,000 after buying an additional 10,408 shares during the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of Lam Research by 115.2% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company’s stock worth $2,972,000 after buying an additional 11,883 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Lam Research by 30.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock valued at $19,369,000 after buying an additional 34,147 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In related news, Director Eric Brandt sold 35,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the transaction, the director directly owned 253,705 shares of the company’s stock, valued at $57,235,848. The trade was a 12.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ava Harter sold 1,500 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total value of $333,990.00. Following the completion of the sale, the insider directly owned 53,205 shares in the company, valued at $11,846,625.30. This represents a 2.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is currently owned by company insiders.

Lam Research Stock Down 7.2%

Shares of NASDAQ:LRCX opened at $199.33 on Monday. The firm has a market capitalization of $248.92 billion, a PE ratio of 40.85, a price-to-earnings-growth ratio of 2.14 and a beta of 1.77. Lam Research Corporation has a 1 year low of $56.32 and a 1 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’s 50-day moving average is $220.95 and its two-hundred day moving average is $169.72.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $5.23 billion. During the same quarter last year, the firm posted $0.91 earnings per share. The business’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. Analysts predict 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. Shareholders of record on Wednesday, March 4th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. Lam Research’s payout ratio is 21.31%.

Analyst Ratings Changes

LRCX has been the subject of several analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $320.00 price objective (up from $265.00) on shares of Lam Research in a research report on Thursday, January 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $200.00 target price (up from $175.00) on shares of Lam Research in a research report on Monday, December 15th. New Street Research lifted their price target on shares of Lam Research from $195.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Bank of America upped their price objective on shares of Lam Research from $195.00 to $245.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Finally, Citigroup increased their price objective on shares of Lam Research from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.19.

About Lam Research

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.