Kepler Cheuvreux Suisse SA Sells 23,632 Shares of Lam Research Corporation $LRCX

Kepler Cheuvreux Suisse SA lowered its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 14.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,120 shares of the semiconductor company’s stock after selling 23,632 shares during the period. Lam Research comprises approximately 2.1% of Kepler Cheuvreux Suisse SA’s holdings, making the stock its 12th largest holding. Kepler Cheuvreux Suisse SA’s holdings in Lam Research were worth $30,565,000 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. Vermillion Wealth Management Inc. bought a new position in Lam Research during the 1st quarter worth about $26,000. PMV Capital Advisers LLC purchased a new position in Lam Research during the 4th quarter valued at about $25,000. Bayban bought a new stake in shares of Lam Research in the 4th quarter valued at about $26,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Lam Research in the 4th quarter valued at about $27,000. Finally, Core Wealth Advisors LLC purchased a new stake in shares of Lam Research in the 4th quarter worth approximately $29,000. 84.61% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the transaction, the insider directly owned 53,205 shares in the company, valued at $13,762,005.30. The trade was a 10.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director directly owned 199,205 shares in the company, valued at $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 86,339 shares of company stock worth $27,680,267. Insiders own 0.31% of the company’s stock.

Lam Research Price Performance

NASDAQ:LRCX opened at $351.41 on Friday. The company’s 50-day simple moving average is $326.35 and its 200-day simple moving average is $257.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. Lam Research Corporation has a fifty-two week low of $90.93 and a fifty-two week high of $438.50. The stock has a market capitalization of $439.46 billion, a P/E ratio of 66.30, a P/E/G ratio of 2.10 and a beta of 1.80.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the previous year, the business posted $1.04 EPS. Lam Research’s revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities analysts anticipate that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend 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 is presently 19.62%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LRCX. Barclays reiterated an “overweight” rating and set a $335.00 price objective (up from $275.00) on shares of Lam Research in a research note on Thursday, June 11th. Rothschild & Co Redburn boosted their price objective on shares of Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Berenberg Bank upped their target price on Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Morgan Stanley raised Lam Research from an “underweight” rating to an “overweight” rating and increased their target price for the company from $293.00 to $331.00 in a research report on Monday, May 18th. Finally, BNP Paribas Exane lifted their price target on Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $345.39.

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.