McLaughlin Asset Management Inc. lessened its stake in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 25.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,024 shares of the semiconductor company’s stock after selling 3,500 shares during the period. Lam Research comprises 2.0% of McLaughlin Asset Management Inc.’s investment portfolio, making the stock its 12th largest holding. McLaughlin Asset Management Inc.’s holdings in Lam Research were worth $2,142,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Lam Research in the fourth quarter worth approximately $3,645,427,000. Price T Rowe Associates Inc. MD lifted its position in shares of Lam Research by 352.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock valued at $2,344,347,000 after acquiring an additional 10,666,540 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Lam Research by 781.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock valued at $1,518,542,000 after acquiring an additional 10,053,978 shares in the last quarter. Franklin Resources Inc. boosted its stake in Lam Research by 57.0% in the 4th quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company’s stock worth $1,730,724,000 after purchasing an additional 3,671,073 shares during the period. Finally, Corient Private Wealth LLC boosted its stake in Lam Research by 235.5% in the 4th quarter. Corient Private Wealth LLC now owns 5,199,441 shares of the semiconductor company’s stock worth $890,040,000 after purchasing an additional 3,649,553 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.
Lam Research Stock Performance
Shares of NASDAQ LRCX opened at $326.13 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. Lam Research Corporation has a one year low of $90.93 and a one year high of $438.50. The business’s 50-day moving average price is $329.35 and its two-hundred day moving average price is $260.54. The company has a market capitalization of $407.85 billion, a P/E ratio of 61.53, a price-to-earnings-growth ratio of 2.09 and a beta of 1.80.
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 paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research’s dividend payout ratio is 19.62%.
Insider Activity
In related news, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction on Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the sale, the insider owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Neil J. Fernandes sold 18,170 shares of the company’s stock in a transaction on 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 sale, the senior vice president owned 66,129 shares of the company’s stock, valued at $16,872,153.06. This represents a 21.55% 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 90 days, insiders have sold 86,339 shares of company stock worth $27,680,267. 0.31% of the stock is owned by corporate insiders.
Key Stories Impacting Lam Research
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Lam Research continues to receive strong Wall Street support, including recent price-target increases from Morgan Stanley, Susquehanna, Goldman Sachs, Cantor Fitzgerald, and others, reflecting confidence in AI infrastructure and wafer-fab equipment demand. Susquehanna Lifts PT on Lam Research (LRCX) – Here’s Why
- Positive Sentiment: The company was recently added to the Russell Top 50, which can boost institutional visibility and trading interest over time. Lam Research (LRCX) Joins Russell Top 50 On An AI Narrative That Looks Fully Valued
- Positive Sentiment: Recent commentary also kept Lam on “top stock for the long term” lists, reinforcing the bullish earnings and growth narrative. Why Lam Research (LRCX) is a Top Stock for the Long-Term
- Neutral Sentiment: Analysts and commentary continue to point to a strong AI and chip-capex backdrop, but those positives are being offset in the near term by sector rotation and profit-taking after a strong run-up. Analysts Just Raised Price Targets On These 3 Semiconductor Equipment Stocks (LRCX)
- Negative Sentiment: The latest drop appears tied to a broad semiconductor-equipment selloff, with investors reassessing AI infrastructure demand and trimming exposure to richly valued chip winners. Why Lam Research (LRCX) Stock Is Down Today
- Negative Sentiment: Insider trading remains skewed toward sales, which may add to investor caution even if it is not the main driver of today’s move. Why Lam Research (LRCX) Stock Is Down Today
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on LRCX. Weiss Ratings downgraded shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Wells Fargo & Company reiterated an “overweight” rating and set a $450.00 price target (up from $365.00) on shares of Lam Research in a report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Rothschild & Co Redburn upped their target price on Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Finally, Royal Bank Of Canada increased their price target on shares of Lam Research from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Twenty-eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $347.75.
Get Our Latest Report on Lam Research
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.
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