Lam Research Corporation $LRCX Shares Sold by Neville Rodie & Shaw Inc.

Key Points

• Neville Rodie & Shaw reduced its Lam Research stake by 5.9%, selling 14,381 shares and retaining 228,646 shares valued at approximately $75.1 million. Lam Research remains the firm’s third-largest holding, representing about 5.3% of its portfolio.
• Lam Research reported quarterly EPS of $1.82, beating estimates of $1.69, while revenue rose 30% year over year to $6.72 billion. The company also raised its quarterly dividend from $0.26 to $0.33 per share.
• Institutional investors own 84.61% of LRCX, and analysts maintain a generally bullish outlook with a “Moderate Buy” consensus rating and an average price target of $364.59.

Neville Rodie & Shaw Inc. trimmed its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 5.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,646 shares of the semiconductor company's stock after selling 14,381 shares during the quarter. Lam Research makes up about 5.3% of Neville Rodie & Shaw Inc.'s holdings, making the stock its 3rd biggest position. Neville Rodie & Shaw Inc.'s holdings in Lam Research were worth $75,112,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State Street Corp increased its position in Lam Research by 2.6% in the 2nd quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company's stock valued at $26,320,468,000 after acquiring an additional 1,545,830 shares during the period. Invesco Ltd. grew its stake in shares of Lam Research by 7.7% in the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company's stock valued at $3,906,559,000 after purchasing an additional 1,638,406 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Lam Research by 17.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 13,349,470 shares of the semiconductor company's stock valued at $2,285,162,000 after purchasing an additional 2,008,605 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Lam Research by 5.5% in the second quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company's stock valued at $4,872,426,000 after purchasing an additional 584,489 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of Lam Research by 411.8% in the second quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company's stock valued at $4,805,368,000 after purchasing an additional 8,922,854 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Price Performance

LRCX stock traded down $3.15 during trading on Monday, reaching $344.34. 2,653,942 shares of the company were exchanged, compared to its average volume of 10,756,566. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The stock's 50 day moving average price is $306.11 and its 200 day moving average price is $302.84. Lam Research Corporation has a 52-week low of $131.02 and a 52-week high of $438.50. The company has a market cap of $430.91 billion, a P/E ratio of 59.80, a PEG ratio of 1.38 and a beta of 1.85.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion during the quarter, compared to analysts' expectations of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The firm's quarterly revenue was up 30.0% compared to the same quarter last year. During the same period last year, the company posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, analysts predict that Lam Research Corporation will post 9.32 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.33 per share. This is a boost from Lam Research's previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 23rd. Lam Research's payout ratio is presently 22.92%.

Analyst Ratings Changes

A number of brokerages have commented on LRCX. Barclays restated an "overweight" rating and set a $335.00 price objective (up from $275.00) on shares of Lam Research in a research report on Thursday, June 11th. Wells Fargo & Company reissued an "overweight" rating and set a $350.00 price target (down from $450.00) on shares of Lam Research in a report on Thursday, July 30th. Fundamental Research set a $390.00 price objective on Lam Research in a report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $320.00 target price on shares of Lam Research in a research report on Thursday, July 30th. Finally, TD Cowen reissued a "buy" rating and issued a $400.00 price target (up from $340.00) on shares of Lam Research in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $364.59.

Insiders Place Their Bets

In other Lam Research news, insider Ava Harter sold 5,000 shares of the firm's stock in a transaction dated 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 transaction, the insider directly owned 42,462 shares in the company, valued at approximately $12,843,056.52. This trade represents a 10.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction dated 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 transaction, the director owned 87,142 shares of the company's stock, valued at approximately $29,192,570. The trade was a 17.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 32,839 shares of company stock worth $10,644,740. 0.31% of the stock is owned by corporate insiders.

Lam Research Company Profile

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company's portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.

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