D.A. Davidson & CO. Sells 5,652 Shares of Lam Research Corporation $LRCX

D.A. Davidson & CO. cut its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,091 shares of the semiconductor company's stock after selling 5,652 shares during the period. D.A. Davidson & CO.'s holdings in Lam Research were worth $15,079,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. PMV Capital Advisers LLC bought a new stake in Lam Research during the 4th quarter worth approximately $25,000. Stance Capital LLC bought a new stake in Lam Research during the 3rd quarter worth about $26,000. Triumph Capital Management bought a new stake in Lam Research during the 3rd quarter worth about $27,000. Strategic Wealth Investment Group LLC bought a new stake in Lam Research during the 2nd quarter worth about $29,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Lam Research during the 3rd quarter worth about $40,000. 84.61% of the stock is currently owned by institutional investors.

Insider Transactions at Lam Research

In other news, Director Eric Brandt sold 35,000 shares of the firm's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the transaction, the director directly owned 253,705 shares in the company, valued at $57,235,848. This trade represents a 12.12% decrease in their position. The transaction 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 on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the transaction, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 130,886 shares of company stock worth $29,658,802 in the last three months. Insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Lam Research from $290.00 to $320.00 and gave the stock an "overweight" rating in a report on Thursday, April 23rd. KeyCorp reissued a "sector weight" rating on shares of Lam Research in a report on Thursday, January 29th. Mizuho increased their price objective on shares of Lam Research from $295.00 to $330.00 and gave the stock an "outperform" rating in a report on Thursday, April 23rd. Evercore increased their price objective on Lam Research from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Finally, Argus increased their price objective on Lam Research from $175.00 to $280.00 in a research report on Tuesday, February 3rd. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $284.49.

Lam Research Stock Down 3.1%

Shares of NASDAQ LRCX opened at $259.49 on Tuesday. The firm has a market capitalization of $324.05 billion, a PE ratio of 48.96, a price-to-earnings-growth ratio of 2.27 and a beta of 1.78. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a 1 year low of $68.53 and a 1 year high of $275.84. The firm's 50-day moving average is $235.47 and its 200-day moving average is $199.47.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company's revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities analysts expect that Lam Research Corporation will post 5.53 EPS for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, March 4th. Lam Research's dividend payout ratio (DPR) is currently 19.62%.

About Lam Research

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.

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