Wilmington Savings Fund Society FSB Sells 12,839 Shares of Lam Research Corporation $LRCX

Wilmington Savings Fund Society FSB lowered its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 31.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,418 shares of the semiconductor company’s stock after selling 12,839 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Lam Research were worth $3,671,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LRCX. Norges Bank purchased a new stake in Lam Research during the 2nd quarter worth about $1,894,585,000. Arrowstreet Capital Limited Partnership grew its stake in Lam Research by 781.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock valued at $1,518,542,000 after acquiring an additional 10,053,978 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Lam Research by 14.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after acquiring an additional 5,102,589 shares during the period. Invesco Ltd. lifted its stake in Lam Research by 18.2% in the 3rd quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock worth $2,836,397,000 after purchasing an additional 3,263,658 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in Lam Research by 35.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 9,849,868 shares of the semiconductor company’s stock valued at $958,786,000 after purchasing an additional 2,575,456 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $200.00 price objective (up from $175.00) on shares of Lam Research in a research report on Monday, December 15th. Barclays upped their target price on Lam Research from $250.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 10th. Rothschild & Co Redburn raised their price target on Lam Research from $225.00 to $265.00 and gave the company a “buy” rating in a report on Friday, February 6th. Citic Securities boosted their price objective on Lam Research from $165.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $290.00 target price (up from $260.00) on shares of Lam Research in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.35.

Lam Research Stock Down 0.8%

Shares of NASDAQ LRCX opened at $224.71 on Thursday. The stock has a market capitalization of $280.61 billion, a P/E ratio of 46.05, a PEG ratio of 2.44 and a beta of 1.77. Lam Research Corporation has a one year low of $56.32 and a one year high of $256.68. The firm’s 50 day simple moving average is $226.06 and its two-hundred day simple moving average is $175.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. The firm’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, analysts expect that Lam Research Corporation will post 3.71 EPS 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, March 4th. Lam Research’s dividend payout ratio is currently 21.31%.

Insider Buying and Selling

In related news, Director Eric Brandt sold 35,000 shares of Lam Research 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 sale, the director owned 253,705 shares in the company, valued at $57,235,848. The trade was a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ava Harter sold 1,500 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $222.66, for a total transaction of $333,990.00. Following the completion of the transaction, the insider owned 53,205 shares of the company’s stock, valued at $11,846,625.30. This trade represents a 2.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 130,886 shares of company stock valued at $29,658,802 over the last quarter. 0.31% of the stock is owned by company insiders.

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.