WINTON GROUP Ltd Sells 20,828 Shares of Lam Research Corporation $LRCX

Key Points

• WINTON GROUP Ltd cut its Lam Research stake by 96.3% in the second quarter, selling 20,828 shares and retaining 800 shares valued at approximately $347,000. Institutional investors collectively own 84.61% of LRCX.
• Analysts maintain a generally bullish view, with a consensus rating of “Moderate Buy” and an average price target of $361.81. Lam Research recently exceeded quarterly earnings and revenue expectations, reporting $1.82 EPS and $6.72 billion in revenue.
• Lam Research raised its quarterly dividend from $0.26 to $0.33 per share, implying a $1.32 annualized payout and a 0.5% yield. The stock opened at $269.23, down 0.6%, and remains well below its 52-week high of $438.50.

WINTON GROUP Ltd lowered its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 96.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 800 shares of the semiconductor company's stock after selling 20,828 shares during the quarter. WINTON GROUP Ltd's holdings in Lam Research were worth $347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bayban bought a new position in Lam Research in the fourth quarter worth $26,000. Vermillion Wealth Management Inc. bought a new stake in shares of Lam Research during the 1st quarter valued at $26,000. Cedar Mountain Advisors LLC boosted its holdings in shares of Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock valued at $26,000 after buying an additional 85 shares in the last quarter. Paladin Partners LLC purchased a new stake in shares of Lam Research in the 2nd quarter worth about $26,000. Finally, Core Wealth Advisors LLC purchased a new stake in Lam Research in the fourth quarter worth about $29,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LRCX has been the subject of several recent research reports. Evercore reiterated an "outperform" rating and set a $355.00 target price on shares of Lam Research in a report on Monday, July 20th. UBS Group cut their price target on Lam Research from $435.00 to $425.00 and set a "buy" rating on the stock in a research note on Tuesday, September 1st. Jefferies Financial Group set a $335.00 price objective on Lam Research and gave the company a "buy" rating in a research note on Thursday, July 30th. Morgan Stanley reduced their price target on Lam Research from $404.00 to $367.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Finally, Susquehanna reaffirmed a "positive" rating and issued a $475.00 target price (up from $385.00) on shares of Lam Research in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $361.81.

Lam Research Trading Down 0.6%

Shares of LRCX stock opened at $269.23 on Thursday. Lam Research Corporation has a 52-week low of $119.51 and a 52-week high of $438.50. 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 firm has a market capitalization of $336.89 billion, a PE ratio of 46.74, a PEG ratio of 1.07 and a beta of 1.85. The stock has a fifty day simple moving average of $309.46 and a two-hundred day simple moving average of $294.75.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The firm had revenue of $6.72 billion during the quarter, compared to analysts' expectations of $6.66 billion. During the same quarter last year, the business posted $1.33 earnings per share. The firm's revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, analysts predict that Lam Research Corporation will post 9.33 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a positive change from Lam Research's previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a yield of 0.5%. Lam Research's dividend payout ratio is 18.06%.

Insider Activity at Lam Research

In other Lam Research news, Director Abhijit Y. Talwalkar sold 18,282 shares of the stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the completion of the transaction, the director owned 87,142 shares of the company's stock, valued at $29,192,570. This represents a 17.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 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 value of $1,512,300.00. Following the transaction, the insider owned 42,462 shares of the company's stock, valued at approximately $12,843,056.52. The trade was a 10.53% 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 sold 32,839 shares of company stock valued at $10,644,740. Corporate insiders own 0.31% of the company's stock.

About Lam Research

Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.

The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.

Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.

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