Groesbeck Investment Management Corp NJ Sells 4,326 Shares of Lam Research Corporation $LRCX

Groesbeck Investment Management Corp NJ cut its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 14.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 25,224 shares of the semiconductor company’s stock after selling 4,326 shares during the quarter. Lam Research makes up approximately 6.6% of Groesbeck Investment Management Corp NJ’s portfolio, making the stock its 3rd biggest holding. Groesbeck Investment Management Corp NJ’s holdings in Lam Research were worth $3,377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Lam Research in the 2nd quarter worth about $1,894,585,000. JPMorgan Chase & Co. lifted its holdings in shares of Lam Research by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after purchasing an additional 5,102,589 shares during the last quarter. Nordea Investment Management AB boosted its position in Lam Research by 34.1% during the 2nd quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock valued at $1,029,210,000 after purchasing an additional 2,692,189 shares during the period. Artisan Partners Limited Partnership grew its stake in Lam Research by 35.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 9,849,868 shares of the semiconductor company’s stock worth $958,786,000 after buying an additional 2,575,456 shares during the last quarter. Finally, Sei Investments Co. increased its position in Lam Research by 103.5% in the second quarter. Sei Investments Co. now owns 3,049,460 shares of the semiconductor company’s stock worth $296,833,000 after buying an additional 1,550,842 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LRCX shares. Susquehanna boosted their price target on shares of Lam Research from $135.00 to $200.00 and gave the company a “positive” rating in a report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Lam Research in a research report on Monday, December 29th. The Goldman Sachs Group boosted their target price on shares of Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Citigroup raised their price target on shares of Lam Research from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Lam Research from $160.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $163.04.

Insider Activity

In other Lam Research news, insider Ava Harter sold 9,010 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the sale, the insider directly owned 56,786 shares of the company’s stock, valued at $8,942,091.42. The trade was a 13.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Vahid Vahedi sold 52,190 shares of the firm’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the completion of the sale, the senior vice president directly owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 102,608 shares of company stock valued at $14,916,496. Corporate insiders own 0.31% of the company’s stock.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $203.18 on Thursday. The company has a market capitalization of $255.19 billion, a PE ratio of 44.75, a price-to-earnings-growth ratio of 2.39 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The stock has a fifty day moving average of $163.98 and a 200-day moving average of $131.44. Lam Research Corporation has a one year low of $56.32 and a one year high of $210.45.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the previous year, the firm posted $0.86 EPS. The company’s quarterly revenue was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, equities analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. Lam Research’s dividend payout ratio is currently 22.91%.

Lam Research Profile

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.