Modera Wealth Management LLC Cuts Stock Position in Lam Research Corporation $LRCX

Modera Wealth Management LLC decreased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,362 shares of the semiconductor company’s stock after selling 696 shares during the quarter. Modera Wealth Management LLC’s holdings in Lam Research were worth $8,114,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LRCX. IMG Wealth Management Inc. purchased a new position in Lam Research in the second quarter worth about $26,000. REAP Financial Group LLC bought a new stake in shares of Lam Research in the 2nd quarter valued at approximately $31,000. 1 North Wealth Services LLC purchased a new position in shares of Lam Research in the 1st quarter worth approximately $36,000. Saudi Central Bank purchased a new position in shares of Lam Research in the 1st quarter worth approximately $37,000. Finally, Bank of Jackson Hole Trust increased its position in shares of Lam Research by 111.1% during the 2nd 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. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Performance

Shares of NASDAQ:LRCX opened at $159.35 on Friday. The firm’s 50 day simple moving average is $134.94 and its 200-day simple moving average is $106.31. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. Lam Research Corporation has a one year low of $56.32 and a one year high of $166.92. The firm has a market cap of $200.15 billion, a PE ratio of 35.10, a price-to-earnings-growth ratio of 1.68 and a beta of 1.87.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping 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 company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the business posted $0.86 EPS. Lam Research’s quarterly 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. As a group, equities analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Lam Research’s dividend payout ratio is 22.91%.

Wall Street Analyst Weigh In

LRCX has been the subject of several recent analyst reports. Raymond James Financial lifted their price objective on shares of Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Susquehanna lifted their price target on shares of Lam Research from $135.00 to $200.00 and gave the stock a “positive” rating in a research note on Thursday, October 23rd. Barclays set a $142.00 price target on shares of Lam Research and gave the company an “equal weight” rating in a report on Monday, October 20th. Evercore ISI raised their price objective on shares of Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lam Research in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.54.

Insiders Place Their Bets

In other Lam Research news, insider Ava Harter sold 9,010 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the transaction, the insider directly owned 56,786 shares in the company, valued at $8,942,091.42. This represents a 13.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vahid Vahedi sold 52,190 shares of the business’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the completion of the sale, the senior vice president owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 62,498 shares of company stock worth $8,875,663 in the last three months. Corporate insiders own 0.31% of the company’s stock.

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.