Massachusetts Financial Services Co. MA Sells 241,554 Shares of Lam Research Corporation $LRCX

Massachusetts Financial Services Co. MA trimmed its position in Lam Research Corporation (NASDAQ:LRCX) by 5.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,496,884 shares of the semiconductor company’s stock after selling 241,554 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Lam Research were worth $437,727,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of LRCX. IMG Wealth Management Inc. acquired a new position in Lam Research during the 2nd quarter worth $26,000. REAP Financial Group LLC bought a new position in shares of Lam Research in the second quarter worth about $31,000. Bank of Jackson Hole Trust lifted its position in shares of Lam Research by 111.1% during the 2nd quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 200 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Lam Research during the 2nd quarter valued at approximately $38,000. Finally, Hilltop National Bank acquired a new stake in Lam Research in the 2nd quarter valued at approximately $38,000. 84.61% of the stock is owned by institutional investors.

Lam Research Trading Down 3.3%

Shares of LRCX opened at $148.26 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The stock has a market cap of $186.22 billion, a PE ratio of 32.66, a PEG ratio of 1.68 and a beta of 1.87. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $167.15. The stock has a 50 day simple moving average of $140.75 and a 200-day simple moving average of $109.67.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business’s revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, sell-side analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Lam Research’s dividend payout ratio (DPR) is 22.91%.

Analyst Ratings Changes

Several research firms have recently weighed in on LRCX. Mizuho increased their price objective on Lam Research from $162.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Cowen reissued a “buy” rating on shares of Lam Research in a report on Thursday, October 23rd. Berenberg Bank upped their price objective on shares of Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Dbs Bank lifted their target price on Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. Finally, Summit Insights cut Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.04.

Insider Activity at Lam Research

In other news, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the transaction, the director owned 1,652 shares in the company, valued at approximately $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the sale, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 62,528 shares of company stock valued at $8,880,448 in the last ninety days. Insiders own 0.31% of the company’s stock.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.