Lam Research Corporation $LRCX Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,895,716 shares of the semiconductor company's stock after selling 27,226 shares during the period. Lam Research accounts for 0.8% of California State Teachers Retirement System's investment portfolio, making the stock its 21st largest holding. California State Teachers Retirement System owned 0.15% of Lam Research worth $821,470,614 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LRCX. Fideuram Asset Management Ireland dac acquired a new position in Lam Research during the fourth quarter valued at $10,035,000. Rokos Capital Management LLP grew its position in shares of Lam Research by 42.0% in the first quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company's stock valued at $55,532,000 after purchasing an additional 76,840 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Lam Research during the 1st quarter valued at approximately $59,973,000. Y Intercept Hong Kong Ltd bought a new stake in Lam Research in the first quarter worth approximately $26,489,000. Finally, Krilogy Financial LLC grew its holdings in shares of Lam Research by 19.5% in the first quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company's stock valued at $6,006,000 after acquiring an additional 4,584 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Performance

Shares of Lam Research stock traded down $5.48 during trading on Tuesday, hitting $268.01. 4,452,785 shares of the company's stock traded hands, compared to its average volume of 10,856,264. The business has a 50-day simple moving average of $311.84 and a 200-day simple moving average of $294.39. The stock has a market capitalization of $335.36 billion, a P/E ratio of 46.46, a PEG ratio of 1.18 and a beta of 1.85. Lam Research Corporation has a 1 year low of $118.67 and a 1 year high of $438.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. The firm had revenue of $6.72 billion during the quarter, compared to analysts' expectations of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The business's quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, analysts forecast that Lam Research Corporation will post 9.33 EPS for the current year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, September 23rd. This is a positive change from Lam Research's previous quarterly dividend of $0.26. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.5%. Lam Research's dividend payout ratio is currently 22.92%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

LRCX has been the subject of a number of research analyst reports. Morgan Stanley lowered their target price on Lam Research from $404.00 to $367.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. Raymond James Financial set a $425.00 target price on Lam Research in a report on Wednesday, June 10th. HSBC reaffirmed a "hold" rating and set a $333.00 price objective on shares of Lam Research in a research report on Monday, July 27th. Bank of America lifted their price objective on Lam Research from $330.00 to $480.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. Finally, Weiss Ratings lowered Lam Research from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and an average price target of $361.81.

About Lam Research

Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.

The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.

Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.

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