Wright Investors Service Inc. Sells 2,674 Shares of Lam Research Corporation $LRCX
by Renee Jackson · The Cerbat GemWright Investors Service Inc. decreased its stake in Lam Research Corporation (NASDAQ:LRCX – Free Report) by 19.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,115 shares of the semiconductor company’s stock after selling 2,674 shares during the quarter. Wright Investors Service Inc.’s holdings in Lam Research were worth $1,903,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of LRCX. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lam Research by 781.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock valued at $1,518,542,000 after acquiring an additional 10,053,978 shares during the period. Invesco Ltd. grew its holdings in shares of Lam Research by 18.2% during the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock worth $2,836,397,000 after buying an additional 3,263,658 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Lam Research by 108.7% during the third quarter. California Public Employees Retirement System now owns 4,526,099 shares of the semiconductor company’s stock worth $606,045,000 after buying an additional 2,356,897 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Lam Research by 138.6% during the third quarter. AQR Capital Management LLC now owns 3,541,230 shares of the semiconductor company’s stock worth $472,294,000 after buying an additional 2,056,749 shares in the last quarter. Finally, Caisse de depot et placement du Quebec boosted its position in Lam Research by 164.0% during the third quarter. Caisse de depot et placement du Quebec now owns 2,568,579 shares of the semiconductor company’s stock valued at $343,933,000 after purchasing an additional 1,595,759 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.
Insiders Place Their Bets
In other news, insider Ava Harter sold 4,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $232.50, for a total value of $930,000.00. Following the transaction, the insider directly owned 54,705 shares of the company’s stock, valued at $12,718,912.50. The trade was a 6.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the transaction, the chief financial officer directly owned 1,081,705 shares in the company, valued at $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is currently owned by company insiders.
Lam Research Stock Down 1.6%
Shares of LRCX opened at $260.96 on Friday. The company has a market capitalization of $325.88 billion, a PE ratio of 53.48, a PEG ratio of 2.82 and a beta of 1.78. Lam Research Corporation has a 12 month low of $61.14 and a 12 month high of $273.50. The stock’s 50-day moving average price is $231.15 and its two-hundred day moving average price is $192.76. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37.
Lam Research (NASDAQ:LRCX – Get Free Report) last announced its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.
Lam Research Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders 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 annualized dividend and a yield of 0.4%. Lam Research’s payout ratio is presently 21.31%.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on LRCX. Summit Insights raised Lam Research from a “hold” rating to a “buy” rating in a research report on Thursday, January 29th. Needham & Company LLC raised their price objective on Lam Research from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Barclays lifted their price target on Lam Research from $250.00 to $255.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 10th. HSBC raised their price objective on Lam Research from $181.00 to $221.00 and gave the company a “hold” rating in a report on Friday, January 30th. Finally, JPMorgan Chase & Co. raised their price objective on Lam Research from $165.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and a consensus target price of $247.26.
Get Our Latest Research Report on Lam Research
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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