Generate Investment Management Ltd Sells 284,473 Shares of Lam Research Corporation $LRCX

Generate Investment Management Ltd decreased its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 62.2% in the 3rd quarter, Holdings Channel reports. The fund owned 172,994 shares of the semiconductor company’s stock after selling 284,473 shares during the quarter. Lam Research accounts for approximately 1.2% of Generate Investment Management Ltd’s holdings, making the stock its 26th largest position. Generate Investment Management Ltd’s holdings in Lam Research were worth $23,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sava Infond d.o.o. lifted its holdings in shares of Lam Research by 3.1% in the second quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock worth $7,325,000 after buying an additional 2,250 shares in the last quarter. Horizon Bancorp Inc. IN purchased a new position in Lam Research during the second quarter valued at approximately $389,000. Empowered Funds LLC boosted its holdings in Lam Research by 10.5% in the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock valued at $13,629,000 after purchasing an additional 17,833 shares during the period. Genus Capital Management Inc. purchased a new position in shares of Lam Research during the 2nd quarter valued at $14,476,000. Finally, Glass Wealth Management Co LLC grew its position in shares of Lam Research by 8.5% during the 2nd quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock valued at $2,810,000 after purchasing an additional 2,270 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on LRCX shares. UBS Group restated a “buy” rating and set a $200.00 target price (up from $175.00) on shares of Lam Research in a research report on Tuesday, December 23rd. New Street Research lifted their price target on Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Sanford C. Bernstein raised their target price on shares of Lam Research from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Wall Street Zen cut shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, The Goldman Sachs Group raised their price objective on shares of Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Twenty-six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average price target of $161.21.

Lam Research Price Performance

Shares of Lam Research stock opened at $173.78 on Wednesday. The firm has a market cap of $218.27 billion, a PE ratio of 38.28, a price-to-earnings-growth ratio of 2.03 and a beta of 1.77. The company’s fifty day simple moving average is $159.60 and its two-hundred day simple moving average is $127.64. The company has a quick ratio of 1.60, a current ratio of 2.21 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 $179.80.

Lam Research (NASDAQ:LRCX) last posted 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 analysts’ expectations of $5.23 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. The business’s revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, equities analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

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

Insider Activity

In other news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president directly owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the sale, the director owned 1,652 shares in the company, valued at $264,303.48. This represents a 44.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 102,608 shares of company stock worth $14,916,496 over the last three months. 0.31% of the stock is currently owned by insiders.

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.