Jackson Creek Investment Advisors LLC Sells 3,338 Shares of Lam Research Corporation $LRCX

Key Points

• Jackson Creek Investment Advisors cut its Lam Research stake by 30% in the fourth quarter, selling 3,338 shares and ending with 7,778 shares valued at about $1.33 million.
• Lam Research reported a strong fiscal quarter, with EPS of $1.47 beating estimates and revenue of $5.84 billion topping forecasts; revenue also rose 23.8% year over year.
• Analysts remain constructive on the stock, with 27 Buy ratings and seven Hold ratings, giving Lam Research a Moderate Buy consensus and an average price target of $295.07.

Jackson Creek Investment Advisors LLC lessened its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 30.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,778 shares of the semiconductor company's stock after selling 3,338 shares during the quarter. Jackson Creek Investment Advisors LLC's holdings in Lam Research were worth $1,331,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in Lam Research by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company's stock valued at $17,537,447,000 after purchasing an additional 364,949 shares during the last quarter. State Street Corp raised its position in Lam Research by 0.4% in the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company's stock valued at $8,024,684,000 after purchasing an additional 265,805 shares during the last quarter. Invesco Ltd. raised its position in Lam Research by 18.2% in the 3rd quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company's stock valued at $2,836,397,000 after purchasing an additional 3,263,658 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Lam Research by 781.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company's stock valued at $1,518,542,000 after purchasing an additional 10,053,978 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Lam Research by 1.9% in the 3rd quarter. Legal & General Group Plc now owns 11,088,344 shares of the semiconductor company's stock valued at $1,484,729,000 after purchasing an additional 208,670 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on LRCX. Royal Bank Of Canada lifted their price objective on Lam Research from $290.00 to $310.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. HSBC lifted their price objective on Lam Research from $221.00 to $247.00 and gave the company a "hold" rating in a research report on Friday, April 24th. The Goldman Sachs Group reiterated a "buy" rating and issued a $290.00 price objective on shares of Lam Research in a research report on Thursday, April 23rd. B. Riley Financial lifted their price objective on Lam Research from $350.00 to $375.00 and gave the company a "buy" rating in a research report on Tuesday, May 12th. Finally, Argus lifted their price objective on Lam Research from $175.00 to $280.00 in a research report on Tuesday, February 3rd. Twenty-seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $295.07.

Lam Research Trading Down 1.2%

LRCX stock opened at $318.93 on Thursday. The company has a market cap of $398.84 billion, a P/E ratio of 60.18, a PEG ratio of 2.67 and a beta of 1.81. Lam Research Corporation has a twelve month low of $79.49 and a twelve month high of $333.33. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $260.18 and a 200-day moving average of $218.99.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm's quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities research analysts expect that Lam Research Corporation will post 5.67 EPS for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be given a dividend of $0.26 per share. The ex-dividend date is 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 presently 19.62%.

Insider Transactions at Lam Research

In related news, insider Ava Harter sold 6,010 shares of the company's stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the sale, the insider owned 53,205 shares in the company, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Neil J. Fernandes sold 18,170 shares of the company's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the sale, the senior vice president owned 66,129 shares of the company's stock, valued at $16,872,153.06. This represents a 21.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 120,066 shares of company stock worth $27,953,242 over the last 90 days. 0.31% of the stock is owned by insiders.

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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