MV Capital Management Inc. Sells 947 Shares of Lam Research Corporation $LRCX

MV Capital Management Inc. trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 2.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 33,373 shares of the semiconductor company’s stock after selling 947 shares during the quarter. MV Capital Management Inc.’s holdings in Lam Research were worth $3,249,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. IMG Wealth Management Inc. purchased a new position in shares of Lam Research in the 2nd quarter valued at $26,000. REAP Financial Group LLC purchased a new stake in shares of Lam Research during the 2nd quarter worth $31,000. 1 North Wealth Services LLC purchased a new stake in shares of Lam Research during the 1st quarter worth $36,000. Saudi Central Bank bought a new stake in Lam Research during the first quarter valued at about $37,000. Finally, Bank of Jackson Hole Trust grew its stake in Lam Research by 111.1% in the second quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling

In other news, Director Bethany Mayer sold 1,298 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the sale, the director directly owned 1,652 shares of the company’s stock, valued at $264,303.48. This represents a 44.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ava Harter sold 9,010 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the completion of the sale, the insider owned 56,786 shares in the company, valued at $8,942,091.42. The trade was a 13.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 62,528 shares of company stock valued at $8,880,448 over the last quarter. 0.31% of the stock is currently owned by company insiders.

Lam Research Trading Up 1.4%

NASDAQ:LRCX opened at $161.42 on Thursday. The company has a market capitalization of $202.75 billion, a P/E ratio of 35.56, a PEG ratio of 1.68 and a beta of 1.87. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $167.15. The firm has a fifty day simple moving average of $138.78 and a 200-day simple moving average of $108.56.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the prior year, the firm earned $0.86 EPS. The firm’s revenue was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, December 3rd. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

Analyst Ratings Changes

Several research firms have commented on LRCX. Weiss Ratings reissued a “buy (b-)” rating on shares of Lam Research in a research report on Wednesday, November 5th. Zacks Research raised shares of Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Hsbc Global Res raised shares of Lam Research to a “hold” rating in a report on Tuesday, September 30th. Evercore ISI upped their price target on Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, Stifel Nicolaus set a $160.00 price objective on Lam Research and gave the company a “buy” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $149.04.

About Lam Research

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.