Marshall Financial Group LLC Sells 3,714 Shares of Lam Research Corporation $LRCX

Marshall Financial Group LLC decreased its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 14.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,674 shares of the semiconductor company’s stock after selling 3,714 shares during the quarter. Lam Research makes up approximately 1.4% of Marshall Financial Group LLC’s holdings, making the stock its 15th largest holding. Marshall Financial Group LLC’s holdings in Lam Research were worth $9,392,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after acquiring an additional 12,936 shares during the last quarter. Caxton Associates LLP bought a new position in Lam Research in the first quarter valued at about $239,000. Gabelli Funds LLC bought a new position in Lam Research in the second quarter valued at about $253,000. NewEdge Advisors LLC increased its position in Lam Research by 2.7% in the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after purchasing an additional 2,661 shares during the period. Finally, Osterweis Capital Management Inc. raised its holdings in Lam Research by 5,206.7% during the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 781 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 3.5%

LRCX opened at $343.84 on Tuesday. The firm’s fifty day moving average is $339.85 and its two-hundred day moving average is $284.31. The firm has a market cap of $430.25 billion, a PE ratio of 59.69, a price-to-earnings-growth ratio of 1.32 and a beta of 1.84. Lam Research Corporation has a twelve month low of $94.11 and a twelve month high of $438.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the business earned $1.33 EPS. The firm’s revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities research analysts anticipate that Lam Research Corporation will post 9.32 EPS for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research’s dividend payout ratio is 18.06%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LRCX. Bank of America upped their target price on shares of Lam Research from $330.00 to $480.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Weiss Ratings downgraded shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 7th. Rothschild & Co Redburn increased their price objective on shares of Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. JPMorgan Chase & Co. raised their price objective on shares of Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Finally, Zacks Research raised shares of Lam Research from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and a consensus target price of $358.47.

Insider Transactions at Lam Research

In related news, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the sale, the senior vice president directly owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. The trade was a 11.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director directly owned 199,205 shares of the company’s stock, valued at $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 80,441 shares of company stock valued at $27,614,296 over the last 90 days. 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.