Lam Research Corporation $LRCX Shares Sold by Prudent Man Advisors LLC

Prudent Man Advisors LLC cut its holdings in Lam Research Corporation (NASDAQ:LRCX) by 19.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,113 shares of the semiconductor company’s stock after selling 2,634 shares during the period. Lam Research accounts for about 0.7% of Prudent Man Advisors LLC’s holdings, making the stock its 28th biggest position. Prudent Man Advisors LLC’s holdings in Lam Research were worth $1,902,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Lam Research by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock valued at $17,537,447,000 after acquiring an additional 364,949 shares during the last quarter. State Street Corp boosted its position in shares of Lam Research by 0.4% in the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after acquiring an additional 265,805 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Lam Research by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock worth $5,764,117,000 after acquiring an additional 126,613 shares during the last quarter. Norges Bank acquired a new stake in shares of Lam Research in the fourth quarter worth approximately $3,645,427,000. Finally, Invesco Ltd. boosted its position in shares of Lam Research by 18.2% in the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock worth $2,836,397,000 after acquiring an additional 3,263,658 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on LRCX. Evercore raised their target price on shares of Lam Research from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $320.00 target price on shares of Lam Research in a research report on Thursday, April 23rd. New Street Research upped their price objective on Lam Research from $235.00 to $280.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Wells Fargo & Company restated an “overweight” rating and set a $575.00 price objective (up from $320.00) on shares of Lam Research in a report on Monday, June 1st. Finally, Seaport Research Partners began coverage on Lam Research in a report on Monday, May 4th. They set a “buy” rating and a $300.00 price objective for the company. Twenty-seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.30.

Insider Buying and Selling at Lam Research

In related news, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the sale, the senior vice president directly owned 58,470 shares in the company, valued at approximately $18,102,312. This represents a 11.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the sale, the insider directly owned 53,205 shares of the company’s stock, valued at $13,762,005.30. The trade was a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 31,839 shares of company stock valued at $8,561,667. 0.31% of the stock is owned by insiders.

Lam Research News Roundup

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Analysts and hedge fund commentary remain constructive on Lam Research, viewing it as a wide-moat leader in semiconductor equipment with meaningful upside potential as chipmakers keep investing in advanced manufacturing. What Do Analysts Say About Lam Research (LRCX)’s Earnings Outlook?
• Positive Sentiment: Investor commentary also points to Lam Research’s growing importance in essential chip manufacturing, reinforcing the view that demand for its tools should stay strong if semiconductor capex continues to rise. Lam Research Corp (LRCX): Increasing Dependence on Essential Chip Manufacturing
• Neutral Sentiment: One bullish article argues Lam Research is still a buy because of its wide moat and leadership position, but it also warns that the stock is trading at a rich valuation, which may limit near-term upside. Lam Research: A Wide-Moat Equipment Leader That I Rate A Buy – Despite A Rich Valuation
• Negative Sentiment: Recent market commentary noted that LRCX slipped even as the broader market rose, suggesting some investors are taking profits after the stock’s strong move higher. Lam Research (LRCX) Stock Slides as Market Rises: Facts to Know Before You Trade

Lam Research Stock Performance

Shares of NASDAQ:LRCX opened at $303.28 on Monday. The firm has a market capitalization of $379.27 billion, a PE ratio of 57.22, a P/E/G ratio of 2.51 and a beta of 1.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The business has a 50-day moving average of $273.22 and a two-hundred day moving average of $227.27. Lam Research Corporation has a 12 month low of $85.86 and a 12 month high of $346.19.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm’s revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, research analysts forecast that Lam Research Corporation will post 5.67 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, July 8th. Investors of record on Wednesday, June 17th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research’s dividend payout ratio is currently 19.62%.

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.