Jackson Creek Investment Advisors LLC Sells 3,338 Shares of Lam Research Corporation $LRCX

Jackson Creek Investment Advisors LLC lessened its stake in Lam Research Corporation (NASDAQ:LRCX) by 30.0% in the fourth quarter, HoldingsChannel reports. The firm owned 7,778 shares of the semiconductor company’s stock after selling 3,338 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Lam Research were worth $1,331,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PMV Capital Advisers LLC bought a new stake in shares of Lam Research in the fourth quarter worth about $25,000. Stance Capital LLC bought a new stake in shares of Lam Research in the third quarter worth about $26,000. Triumph Capital Management bought a new stake in shares of Lam Research in the third quarter worth about $27,000. Strategic Wealth Investment Group LLC bought a new stake in shares of Lam Research in the second quarter worth about $29,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Lam Research in the third quarter worth about $40,000. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling

In related news, SVP Neil J. Fernandes sold 18,170 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the completion of the transaction, the senior vice president directly owned 66,129 shares in the company, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the transaction, the chief financial officer owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 120,066 shares of company stock worth $27,953,242. 0.31% of the stock is owned by corporate insiders.

Lam Research Stock Down 1.2%

NASDAQ:LRCX opened at $318.93 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The company has a market cap of $398.84 billion, a PE ratio of 60.18, a PEG ratio of 2.67 and a beta of 1.81. Lam Research Corporation has a 52-week low of $79.49 and a 52-week high of $333.33. The stock has a 50-day simple moving average of $260.18 and a 200 day simple moving average of $218.99.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.Lam Research’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period last year, the company earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, sell-side analysts expect that Lam Research Corporation will post 5.67 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is presently 19.62%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several recent analyst reports. Royal Bank Of Canada increased their price target on Lam Research from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. KeyCorp restated a “sector weight” rating on shares of Lam Research in a report on Thursday, January 29th. Weiss Ratings downgraded Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Citigroup restated a “buy” rating and issued a $315.00 price target (up from $300.00) on shares of Lam Research in a report on Thursday, April 23rd. Finally, Mizuho set a $380.00 price target on Lam Research and gave the stock an “outperform” rating in a report on Wednesday. Twenty-seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $295.07.

Lam Research Company Profile

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.