Harbor Island Capital LLC Has $34.40 Million Stock Position in Lam Research Corporation $LRCX

Key Points

• Harbor Island Capital trimmed its Lam Research holding by 12.9% in Q4 to 200,963 shares worth about $34.40 million, which represents 13.2% of the firm's portfolio and is its largest position.
• Multiple analysts have raised price targets and ratings, leaving Lam Research with a consensus "Moderate Buy" (27 Buys, 8 Holds) and a consensus target price of $246.94.
• Insiders sold significant stock last quarter—130,886 shares worth roughly $29.66 million—including large sales by Director Eric Brandt and CFO Douglas Bettinger—indicating notable insider selling activity.

Harbor Island Capital LLC cut its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 12.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,963 shares of the semiconductor company's stock after selling 29,837 shares during the quarter. Lam Research comprises about 13.2% of Harbor Island Capital LLC's portfolio, making the stock its biggest holding. Harbor Island Capital LLC's holdings in Lam Research were worth $34,401,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Capital Advisors Ltd. LLC boosted its stake in Lam Research by 1.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company's stock valued at $795,000 after purchasing an additional 51 shares during the period. Financial Consulate Inc. boosted its stake in Lam Research by 2.7% in the 4th quarter. Financial Consulate Inc. now owns 2,157 shares of the semiconductor company's stock valued at $369,000 after purchasing an additional 57 shares during the period. Abound Wealth Management boosted its stake in Lam Research by 6.9% in the 4th quarter. Abound Wealth Management now owns 931 shares of the semiconductor company's stock valued at $159,000 after purchasing an additional 60 shares during the period. Independence Bank of Kentucky boosted its stake in Lam Research by 6.0% in the 4th quarter. Independence Bank of Kentucky now owns 1,060 shares of the semiconductor company's stock valued at $181,000 after purchasing an additional 60 shares during the period. Finally, McLean Asset Management Corp boosted its stake in Lam Research by 1.3% in the 4th quarter. McLean Asset Management Corp now owns 5,099 shares of the semiconductor company's stock valued at $873,000 after purchasing an additional 65 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Needham & Company LLC lifted their price objective on Lam Research from $250.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, January 29th. Rothschild & Co Redburn lifted their price objective on Lam Research from $225.00 to $265.00 and gave the company a "buy" rating in a report on Friday, February 6th. Susquehanna lifted their price objective on Lam Research from $325.00 to $350.00 and gave the company a "positive" rating in a report on Thursday, April 9th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $200.00 price objective (up from $175.00) on shares of Lam Research in a report on Monday, December 15th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $320.00 price objective (up from $265.00) on shares of Lam Research in a report on Thursday, January 29th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Lam Research currently has an average rating of "Moderate Buy" and a consensus target price of $246.94.

Insider Transactions at Lam Research

In other news, Director Eric Brandt sold 35,000 shares of the business's stock in a transaction on Friday, February 6th. The stock was 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 of the company's stock, valued at approximately $57,235,848. The trade was a 12.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of the business'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 transaction, the chief financial officer directly owned 1,081,705 shares of the company's stock, valued at $242,334,371.15. This trade represents a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 130,886 shares of company stock valued at $29,658,802. Corporate insiders own 0.31% of the company's stock.

Lam Research Price Performance

Lam Research stock opened at $267.27 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. Lam Research Corporation has a 52 week low of $61.14 and a 52 week high of $268.23. The stock has a market capitalization of $333.76 billion, a P/E ratio of 54.77, a price-to-earnings-growth ratio of 2.81 and a beta of 1.78. The stock has a fifty day moving average of $228.24 and a 200-day moving average of $190.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted 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. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The company had revenue of $5.34 billion during the quarter, compared to analysts' expectations of $5.23 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. Lam Research's revenue was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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

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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