New Age Alpha Advisors LLC Sells 35,321 Shares of Lam Research Corporation $LRCX

Key Points

• New Age Alpha Advisors cut its Lam Research position by 79.6% in the fourth quarter, selling 35,321 shares and leaving it with 9,051 shares worth about $1.55 million.
• Despite the sale, Lam Research continues to draw broad institutional and analyst support, with 84.61% institutional ownership and a consensus rating of Moderate Buy with an average price target of $295.07.
• The company reported strong quarterly results, beating earnings and revenue estimates, and also announced a quarterly dividend of $0.26 per share to be paid on July 8.

New Age Alpha Advisors LLC lessened its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 79.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,051 shares of the semiconductor company's stock after selling 35,321 shares during the period. New Age Alpha Advisors LLC's holdings in Lam Research were worth $1,549,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LRCX. Brighton Jones LLC grew its position in Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after purchasing an additional 12,936 shares during the period. Caxton Associates LLP bought a new stake in Lam Research in the 1st quarter worth approximately $239,000. Gabelli Funds LLC bought a new stake in Lam Research in the 2nd quarter worth approximately $253,000. NewEdge Advisors LLC grew its position in Lam Research by 2.7% in the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company's stock worth $9,785,000 after purchasing an additional 2,661 shares during the period. Finally, Osterweis Capital Management Inc. grew its position in Lam Research by 5,206.7% in the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company's stock worth $77,000 after purchasing an additional 781 shares during the period. Institutional investors own 84.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $290.00 target price on shares of Lam Research in a research report on Thursday, April 23rd. Oppenheimer reissued an "outperform" rating and set a $330.00 price objective on shares of Lam Research in a research report on Thursday, April 23rd. Susquehanna boosted their price objective on shares of Lam Research from $350.00 to $385.00 and gave the company a "positive" rating in a research report on Thursday, April 23rd. Evercore boosted their price objective on shares of Lam Research from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Finally, KeyCorp reissued a "sector weight" rating on shares of Lam Research in a research report on Thursday, January 29th. Twenty-seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, Lam Research has an average rating of "Moderate Buy" and a consensus target price of $295.07.

Lam Research Price Performance

NASDAQ LRCX opened at $318.93 on Thursday. Lam Research Corporation has a 12 month low of $79.49 and a 12 month high of $333.33. The stock has a market cap of $398.84 billion, a price-to-earnings ratio of 60.18, a PEG ratio of 2.67 and a beta of 1.81. The company's 50 day moving average is $260.18 and its two-hundred day moving average is $218.99. 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 (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.70 billion. During the same quarter last year, the business earned $1.04 EPS. The firm's revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, research analysts anticipate that Lam Research Corporation will post 5.67 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.3%. Lam Research's dividend payout ratio (DPR) is presently 19.62%.

Insider Activity

In other news, SVP Neil J. Fernandes sold 18,170 shares of Lam Research stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the sale, the senior vice president owned 66,129 shares in the company, valued at $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the sale, the insider owned 53,205 shares in the company, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 120,066 shares of company stock worth $27,953,242 over the last quarter. Insiders own 0.31% of the company's stock.

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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