Militia Capital Partners LP trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 33.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the semiconductor company’s stock after selling 2,000 shares during the period. Militia Capital Partners LP’s holdings in Lam Research were worth $685,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Triumph Capital Management increased its stake in shares of Lam Research by 22.5% during the 4th quarter. Triumph Capital Management now owns 245 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 45 shares in the last quarter. Traphagen Investment Advisors LLC increased its stake in shares of Lam Research by 2.4% during the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock worth $336,000 after purchasing an additional 46 shares in the last quarter. Bank of Jackson Hole Trust increased its stake in shares of Lam Research by 12.6% during the 4th quarter. Bank of Jackson Hole Trust now owns 428 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 48 shares in the last quarter. Field & Main Bank increased its stake in shares of Lam Research by 1.1% during the 4th quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company’s stock worth $790,000 after purchasing an additional 50 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in shares of Lam Research by 1.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company’s stock worth $795,000 after purchasing an additional 51 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.
Lam Research Stock Down 5.0%
LRCX stock opened at $369.34 on Wednesday. The stock has a market capitalization of $461.89 billion, a P/E ratio of 69.69, a PEG ratio of 3.20 and a beta of 1.85. 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 one year low of $87.75 and a one year high of $393.07. The company has a 50 day moving average price of $292.53 and a two-hundred day moving average price of $237.34.
Lam Research Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research’s payout ratio is currently 19.62%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on LRCX. Needham & Company LLC reissued a “buy” rating and set a $300.00 price objective on shares of Lam Research in a research note on Thursday, April 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $290.00 target price on shares of Lam Research in a research note on Thursday, April 23rd. Citigroup reaffirmed a “buy” rating and issued a $315.00 target price (up from $300.00) on shares of Lam Research in a research note on Thursday, April 23rd. Bank of America lifted their target price on shares of Lam Research from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group lifted their target price on shares of Lam Research from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $324.26.
Read Our Latest Research Report on Lam Research
Key Stories Impacting Lam Research
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Several recent articles argue Lam Research still has strong growth potential, citing healthy earnings momentum, solid demand, and long-term outperformance potential. Is Lam Research (LRCX) a Solid Growth Stock? 3 Reasons to Think “Yes”
- Positive Sentiment: Analysts and market commentary continue to point to AI-related semiconductor demand and advanced packaging as a possible growth catalyst for LRCX. Lam Research Expects Packaging Growth of 50%: Is It a Hidden Catalyst?
- Positive Sentiment: The broader chip rally is still supporting sentiment, with semiconductor ETFs and peers pushing to new highs and helping keep money flowing into the sector. Chips Up 8.8% in One Week: 5 Semiconductor Names Breaking Into New Highs
- Neutral Sentiment: One market note highlighted Lam Research as a “final trade,” which may reflect positive trader interest but does not provide a fundamental catalyst. Alphabet, Lam Research And A Financial Stock On CNBC’s ‘Final Trades’
- Neutral Sentiment: Lam Research director Eric Brandt sold 54,500 shares in a pre-arranged 10b5-1 transaction; the sale is notable, but it does not necessarily signal a negative business outlook. SEC filing for director share sale
- Negative Sentiment: Some commentary flagged Lam’s elevated valuation, suggesting the stock is priced for very strong future growth and could be vulnerable if that growth slows. Decoding LRCX Stock’s Premium Valuation
- Negative Sentiment: Trading headlines also noted that LRCX underperformed the broader market in the latest session, likely reinforcing short-term profit-taking after the recent run-up. Why Lam Research (LRCX) Dipped More Than Broader Market Today
Insider Activity
In other news, Director Eric Brandt sold 54,500 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the sale, the director directly owned 199,205 shares of the company’s stock, valued at $69,881,114. The trade was a 21.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the sale, the insider directly owned 53,205 shares of the company’s stock, valued at $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 86,339 shares of company stock valued at $27,680,267 in the last ninety days. Company insiders own 0.31% of the company’s stock.
Lam Research 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.
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