Handelsbanken Fonder AB Cuts Holdings in Lam Research Corporation $LRCX

Handelsbanken Fonder AB decreased its stake in Lam Research Corporation (NASDAQ:LRCX) by 8.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 530,061 shares of the semiconductor company’s stock after selling 52,076 shares during the period. Handelsbanken Fonder AB’s holdings in Lam Research were worth $51,596,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 12,936 shares in the last quarter. Mutual of America Capital Management LLC bought a new position in shares of Lam Research during the 1st quarter valued at about $13,345,000. J.W. Cole Advisors Inc. raised its holdings in shares of Lam Research by 281.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 11,899 shares of the semiconductor company’s stock valued at $865,000 after buying an additional 8,782 shares in the last quarter. Wedbush Securities Inc. lifted its position in Lam Research by 6.2% in the 1st quarter. Wedbush Securities Inc. now owns 17,543 shares of the semiconductor company’s stock worth $1,275,000 after buying an additional 1,031 shares during the last quarter. Finally, AE Wealth Management LLC boosted its stake in Lam Research by 48.2% in the first quarter. AE Wealth Management LLC now owns 37,072 shares of the semiconductor company’s stock worth $2,695,000 after buying an additional 12,055 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Lam Research stock opened at $142.65 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 firm has a market cap of $179.17 billion, a P/E ratio of 31.42, a P/E/G 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 firm has a 50-day moving average of $144.17 and a 200-day moving average of $111.89.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating 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 business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the prior year, the company posted $0.86 EPS. Lam Research’s quarterly revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Sell-side analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be paid a $0.26 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 22.91%.

Insider Activity at Lam Research

In other news, CFO Douglas R. Bettinger sold 40,080 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the sale, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ava Harter sold 9,010 shares of Lam Research stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the sale, the insider directly owned 56,786 shares in the company, valued at $8,942,091.42. The trade was a 13.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 102,608 shares of company stock worth $14,916,496. 0.31% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Oppenheimer set a $200.00 price target on shares of Lam Research and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Susquehanna upped their price objective on shares of Lam Research from $135.00 to $200.00 and gave the company a “positive” rating in a research note on Thursday, October 23rd. Berenberg Bank lifted their target price on shares of Lam Research from $122.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. BNP Paribas Exane boosted their price target on shares of Lam Research from $80.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, The Goldman Sachs Group upped their price target on shares of Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.