Neville Rodie & Shaw Inc. Sells 6,782 Shares of Lam Research Corporation $LRCX

Neville Rodie & Shaw Inc. lowered its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,972 shares of the semiconductor company’s stock after selling 6,782 shares during the period. Lam Research comprises 3.1% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its 5th biggest position. Neville Rodie & Shaw Inc.’s holdings in Lam Research were worth $44,502,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LRCX. Holos Integrated Wealth LLC acquired a new position in shares of Lam Research during the fourth quarter valued at approximately $150,000. Marathon Mission Inc. increased its position in shares of Lam Research by 5.3% during the fourth quarter. Marathon Mission Inc. now owns 3,891 shares of the semiconductor company’s stock worth $666,000 after purchasing an additional 197 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Lam Research by 9.0% during the fourth quarter. GAMMA Investing LLC now owns 33,194 shares of the semiconductor company’s stock worth $5,682,000 after purchasing an additional 2,745 shares in the last quarter. Rosenberg Matthew Hamilton raised its stake in Lam Research by 8.1% in the 4th quarter. Rosenberg Matthew Hamilton now owns 939 shares of the semiconductor company’s stock valued at $161,000 after purchasing an additional 70 shares during the last quarter. Finally, Triumph Capital Management purchased a new position in Lam Research in the 3rd quarter valued at $27,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lam Research

In other Lam Research news, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction 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 trade represents a 12.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ava Harter sold 1,500 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 53,205 shares of the company’s stock, valued at $11,846,625.30. The trade was a 2.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 130,886 shares of company stock worth $29,658,802. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $200.00 target price (up from $175.00) on shares of Lam Research in a research note on Monday, December 15th. Evercore set a $275.00 price target on shares of Lam Research in a research note on Thursday, January 29th. B. Riley Financial restated a “buy” rating on shares of Lam Research in a research report on Thursday, January 15th. Citigroup upped their price objective on shares of Lam Research from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, Zacks Research upgraded shares of Lam Research from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $245.35.

Lam Research Trading Up 4.1%

LRCX opened at $233.99 on Friday. The stock has a market capitalization of $292.20 billion, a PE ratio of 47.95, a P/E/G ratio of 2.42 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 company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The business’s 50 day moving average price is $226.72 and its 200 day moving average price is $176.12.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter last year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue 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. As a group, equities research analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is presently 21.31%.

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.