Renaissance Group LLC Sells 362 Shares of Lam Research Corporation $LRCX

Renaissance Group LLC lessened its holdings in Lam Research Corporation (NASDAQ:LRCX) by 2.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 12,938 shares of the semiconductor company’s stock after selling 362 shares during the quarter. Renaissance Group LLC’s holdings in Lam Research were worth $1,259,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. IMG Wealth Management Inc. purchased a new stake in Lam Research during the second quarter worth $26,000. REAP Financial Group LLC purchased a new position in shares of Lam Research in the 2nd quarter valued at $31,000. 1 North Wealth Services LLC bought a new position in shares of Lam Research in the 1st quarter worth $36,000. Saudi Central Bank purchased a new stake in shares of Lam Research during the 1st quarter worth $37,000. Finally, Bank of Jackson Hole Trust boosted its position in Lam Research by 111.1% during the second quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 200 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lam Research

In other news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the sale, the senior vice president directly owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This represents a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the transaction, the insider directly owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. This trade represents a 13.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 102,608 shares of company stock worth $14,916,496 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Lam Research Trading Up 3.9%

NASDAQ:LRCX opened at $148.80 on Thursday. The company has a market capitalization of $186.90 billion, a P/E ratio of 32.78, a PEG ratio of 1.68 and a beta of 1.87. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $167.15. The firm has a fifty day simple moving average of $143.18 and a 200-day simple moving average of $111.22.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter last year, the business posted $0.86 EPS. The firm’s quarterly revenue was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current 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 $0.26 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Lam Research’s dividend payout ratio is currently 22.91%.

Wall Street Analyst Weigh In

A number of brokerages have commented on LRCX. JPMorgan Chase & Co. boosted their target price on shares of Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Stifel Nicolaus set a $160.00 price objective on shares of Lam Research and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Erste Group Bank began coverage on shares of Lam Research in a research report on Thursday, August 14th. They set a “buy” rating for the company. Cowen reaffirmed a “buy” rating on shares of Lam Research in a report on Thursday, October 23rd. Finally, The Goldman Sachs Group increased their price objective on Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $149.04.

Lam Research Profile

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.