Lam Research Corporation $LRCX Stake Lessened by Probity Advisors Inc.

Probity Advisors Inc. lowered its holdings in Lam Research Corporation (NASDAQ:LRCX) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,431 shares of the semiconductor company’s stock after selling 2,858 shares during the period. Lam Research makes up 0.9% of Probity Advisors Inc.’s portfolio, making the stock its 23rd biggest position. Probity Advisors Inc.’s holdings in Lam Research were worth $5,552,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Lingohr Asset Management GmbH raised its holdings in shares of Lam Research by 590.7% during the third quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company’s stock worth $7,974,000 after acquiring an additional 50,933 shares in the last quarter. Mediolanum International Funds Ltd raised its holdings in shares of Lam Research by 52.0% during the third quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company’s stock worth $34,417,000 after acquiring an additional 89,856 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of Lam Research by 8.0% during the third quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock worth $18,804,000 after acquiring an additional 10,408 shares in the last quarter. Thoroughbred Financial Services LLC raised its holdings in shares of Lam Research by 115.2% during the third quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company’s stock worth $2,972,000 after acquiring an additional 11,883 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Lam Research by 30.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock worth $19,369,000 after acquiring an additional 34,147 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

LRCX has been the subject of several recent research reports. Morgan Stanley increased their price objective on Lam Research from $254.00 to $260.00 and gave the stock an “equal weight” rating in a report on Monday, April 6th. New Street Research increased their price objective on Lam Research from $140.00 to $235.00 and gave the stock a “neutral” rating in a report on Tuesday, March 31st. Rothschild & Co Redburn increased their price objective on Lam Research from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Sanford C. Bernstein increased their price objective on Lam Research from $275.00 to $285.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Finally, B. Riley Financial restated a “buy” rating on shares of Lam Research in a report on Monday. Twenty-seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $247.26.

Insider Activity

In other news, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the sale, the director directly owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ava Harter sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total value of $333,990.00. Following the completion of the sale, the insider directly owned 53,205 shares in the company, valued at approximately $11,846,625.30. This represents a 2.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is owned by insiders.

Lam Research Price Performance

NASDAQ LRCX opened at $258.37 on Wednesday. Lam Research Corporation has a fifty-two week low of $62.56 and a fifty-two week high of $273.50. The stock’s 50-day moving average is $233.19 and its two-hundred day moving average is $196.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The firm has a market cap of $322.64 billion, a P/E ratio of 52.94, a price-to-earnings-growth ratio of 2.80 and a beta of 1.78.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same period last year, the company earned $0.91 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, analysts anticipate that Lam Research Corporation will post 5.3 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

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.