Central Bank & Trust Co. reduced its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 9.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,561 shares of the semiconductor company's stock after selling 7,638 shares during the period. Lam Research comprises approximately 4.3% of Central Bank & Trust Co.'s investment portfolio, making the stock its 4th largest position. Central Bank & Trust Co.'s holdings in Lam Research were worth $30,143,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in LRCX. World Equity Group Inc. boosted its position in Lam Research by 0.5% in the second quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company's stock valued at $2,416,000 after buying an additional 29 shares in the last quarter. Tenzing Financial LLC increased its holdings in shares of Lam Research by 3.5% during the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company's stock worth $441,000 after buying an additional 34 shares in the last quarter. GSG Advisors LLC lifted its stake in shares of Lam Research by 3.1% in the 1st quarter. GSG Advisors LLC now owns 1,387 shares of the semiconductor company's stock valued at $296,000 after acquiring an additional 42 shares during the last quarter. First County Bank CT lifted its stake in shares of Lam Research by 1.7% in the 2nd quarter. First County Bank CT now owns 2,483 shares of the semiconductor company's stock valued at $1,076,000 after acquiring an additional 42 shares during the last quarter. Finally, Williams & Novak LLC boosted its holdings in shares of Lam Research by 1.1% during the 2nd quarter. Williams & Novak LLC now owns 4,011 shares of the semiconductor company's stock valued at $1,738,000 after acquiring an additional 42 shares in the last quarter. 84.61% of the stock is owned by institutional investors.
Lam Research Trading Up 3.5%
Shares of LRCX stock opened at $343.84 on Tuesday. Lam Research Corporation has a 1-year low of $94.11 and a 1-year high of $438.50. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The stock has a market cap of $430.25 billion, a price-to-earnings ratio of 59.69, a PEG ratio of 1.32 and a beta of 1.84. The stock has a 50-day moving average of $339.85 and a 200-day moving average of $284.31.
Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period in the previous year, the firm earned $1.33 earnings per share. The firm'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 forecast that Lam Research Corporation will post 9.32 earnings per share for the current year.
Lam Research Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were given a $0.26 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. Lam Research's payout ratio is 18.06%.
Insider Transactions at Lam Research
In other news, Director Eric Brandt sold 54,500 shares of the company's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the sale, the director directly owned 199,205 shares of the company's stock, valued at approximately $69,881,114. This represents a 21.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the stock in a transaction on Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the sale, the director owned 87,142 shares of the company's stock, valued at approximately $29,192,570. This trade 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 have sold 80,441 shares of company stock worth $27,614,296. Company insiders own 0.31% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on LRCX shares. BNP Paribas Exane upped their target price on Lam Research from $250.00 to $260.00 and gave the stock a "neutral" rating in a report on Thursday, April 23rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $390.00 price objective on shares of Lam Research in a research note on Thursday, July 30th. Barclays reiterated an "overweight" rating and set a $335.00 target price (up from $275.00) on shares of Lam Research in a research report on Thursday, June 11th. The Goldman Sachs Group reissued a "buy" rating and set a $290.00 target price on shares of Lam Research in a report on Thursday, April 23rd. Finally, New Street Research upped their price target on shares of Lam Research from $235.00 to $280.00 and gave the company a "neutral" rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $358.47.
View Our Latest Report on LRCX
Lam Research Profile
(
Free Report)
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.
Further Reading
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