Probity Advisors Inc. Has $5.55 Million Position in Lam Research Corporation $LRCX

Probity Advisors Inc. reduced its holdings in Lam Research Corporation (NASDAQ:LRCX) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,431 shares of the semiconductor company’s stock after selling 2,858 shares during the quarter. Lam Research comprises 0.9% of Probity Advisors Inc.’s portfolio, making the stock its 23rd biggest holding. Probity Advisors Inc.’s holdings in Lam Research were worth $5,552,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LRCX. Brighton Jones LLC grew its position in shares of Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Caxton Associates LLP acquired a new stake in Lam Research during the first quarter worth about $239,000. Gabelli Funds LLC acquired a new stake in Lam Research during the second quarter worth about $253,000. NewEdge Advisors LLC grew its position in Lam Research by 2.7% during the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after buying an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. grew its position in Lam Research by 5,206.7% during the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after buying an additional 781 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. New Street Research lifted their target price on Lam Research from $140.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 31st. Sanford C. Bernstein lifted their target price on Lam Research from $275.00 to $285.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Zacks Research downgraded Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Mizuho set a $265.00 target price on Lam Research in a research report on Wednesday, January 28th. Finally, Oppenheimer reissued an “outperform” rating and set a $265.00 target price on shares of Lam Research in a research report on Thursday, January 29th. Twenty-seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $247.26.

Lam Research Stock Down 1.8%

Shares of LRCX opened at $258.37 on Wednesday. The stock has a market cap of $322.64 billion, a price-to-earnings ratio of 52.94, a P/E/G ratio of 2.80 and a beta of 1.78. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 12 month low of $62.56 and a 12 month high of $273.50. The company has a 50-day moving average price of $233.19 and a two-hundred day moving average price of $196.10.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities analysts predict that Lam Research Corporation will post 5.3 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

Insiders Place Their Bets

In other Lam Research news, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the transaction, the director owned 253,705 shares in the company, valued at $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the transaction, the chief financial officer owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. This represents a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 130,886 shares of company stock worth $29,658,802 over the last quarter. 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.