4,091 Lam Research Corporation $LRCX Shares Sold by Central Pacific Bank Trust Division

Key Points

• Central Pacific Bank Trust Division cut its Lam Research stake by 56.3% in the third quarter, selling 4,091 shares and retaining 3,178 shares worth approximately $1.04 million. Institutional investors collectively own 84.61% of LRCX.
• Lam Research reported quarterly revenue of $6.72 billion and EPS of $1.82, exceeding analyst expectations, while revenue increased 30% year over year. The company issued Q1 2027 EPS guidance of $2.00–$2.30.
• The company raised its quarterly dividend to $0.33 per share, equivalent to a $1.32 annualized payout and a 0.4% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $364.59.

Central Pacific Bank Trust Division decreased its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 56.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,178 shares of the semiconductor company's stock after selling 4,091 shares during the period. Central Pacific Bank Trust Division's holdings in Lam Research were worth $1,044,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of LRCX. Rosenberg Matthew Hamilton grew its stake in shares of Lam Research by 27.6% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,198 shares of the semiconductor company's stock worth $394,000 after acquiring an additional 259 shares in the last quarter. Adelphi Trust Co grew its position in Lam Research by 18.6% in the third quarter. Adelphi Trust Co now owns 1,731 shares of the semiconductor company's stock valued at $569,000 after purchasing an additional 272 shares in the last quarter. Rockland Trust Co. increased its stake in Lam Research by 7.8% in the 3rd quarter. Rockland Trust Co. now owns 3,741 shares of the semiconductor company's stock valued at $1,229,000 after buying an additional 272 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Lam Research by 0.7% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 12,984 shares of the semiconductor company's stock valued at $4,265,000 after buying an additional 90 shares during the last quarter. Finally, Silverleafe Capital Partners LLC lifted its position in Lam Research by 19.2% during the 3rd quarter. Silverleafe Capital Partners LLC now owns 5,132 shares of the semiconductor company's stock worth $1,686,000 after buying an additional 825 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Insider Buying and Selling

In related news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the sale, the insider owned 42,462 shares of the company's stock, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Talwalkar sold 18,282 shares of the stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the completion of the transaction, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. This represents a 17.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 32,839 shares of company stock valued at $10,644,740. Company insiders own 0.31% of the company's stock.

Lam Research Stock Performance

LRCX opened at $333.89 on Wednesday. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The stock has a market cap of $417.84 billion, a price-to-earnings ratio of 57.97, a PEG ratio of 1.37 and a beta of 1.85. Lam Research Corporation has a 12-month low of $131.02 and a 12-month high of $438.50. The business has a 50 day moving average of $308.48 and a 200-day moving average of $304.45.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter last year, the firm posted $1.33 EPS. The company's quarterly revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities research analysts expect that Lam Research Corporation will post 9.32 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Lam Research's previous quarterly dividend of $0.26. Lam Research's dividend payout ratio is 22.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LRCX shares. Stifel Nicolaus raised their price objective on Lam Research from $325.00 to $425.00 and gave the company a "buy" rating in a report on Friday, July 10th. Needham & Company LLC reiterated a "buy" rating and set a $390.00 price objective on shares of Lam Research in a research note on Thursday, July 30th. TD Cowen reissued a "buy" rating and issued a $400.00 price objective (up from $340.00) on shares of Lam Research in a report on Thursday, July 9th. Barclays reissued an "overweight" rating and issued a $335.00 target price (up from $275.00) on shares of Lam Research in a research note on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $320.00 target price on shares of Lam Research in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $364.59.

About Lam Research

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company's portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.

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