Parnassus Investments LLC Sells 27,313 Shares of Lam Research Corporation $LRCX

Parnassus Investments LLC lowered its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 3.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 700,715 shares of the semiconductor company’s stock after selling 27,313 shares during the period. Parnassus Investments LLC owned about 0.06% of Lam Research worth $93,826,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Hudock Inc. raised its position in shares of Lam Research by 7.2% in the 3rd quarter. Hudock Inc. now owns 3,637 shares of the semiconductor company’s stock worth $487,000 after acquiring an additional 243 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Lam Research by 5.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 162,968 shares of the semiconductor company’s stock valued at $21,821,000 after purchasing an additional 7,890 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Lam Research by 2.7% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,597 shares of the semiconductor company’s stock worth $616,000 after purchasing an additional 122 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Lam Research by 30.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock worth $19,369,000 after buying an additional 34,147 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its stake in shares of Lam Research by 6.9% in the 3rd quarter. Capital Investment Advisors LLC now owns 49,937 shares of the semiconductor company’s stock worth $6,687,000 after buying an additional 3,226 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the transaction, the chief financial officer directly owned 987,237 shares in the company, valued at approximately $148,677,892.20. The trade was a 3.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Vahid Vahedi sold 52,190 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 102,608 shares of company stock valued at $14,916,496. Insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LRCX. Zacks Research downgraded Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Cantor Fitzgerald restated an “overweight” rating and set a $265.00 price target (up previously from $210.00) on shares of Lam Research in a research report on Thursday. Evercore ISI increased their target price on shares of Lam Research from $115.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Stifel Nicolaus set a $160.00 price target on shares of Lam Research and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Oppenheimer set a $200.00 price target on shares of Lam Research and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Twenty-six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and a consensus target price of $164.37.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $218.36 on Friday. The stock has a market cap of $274.27 billion, a price-to-earnings ratio of 48.10, a P/E/G ratio of 2.32 and a beta of 1.77. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $219.59. 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’s 50-day moving average is $165.99 and its 200 day moving average is $132.80.

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. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.Lam Research’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. Lam Research’s dividend payout ratio is currently 22.91%.

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.