Lam Research Corporation $LRCX Shares Sold by Maridea Wealth Management LLC

Maridea Wealth Management LLC cut its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 78.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,657 shares of the semiconductor company’s stock after selling 23,737 shares during the period. Maridea Wealth Management LLC’s holdings in Lam Research were worth $959,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of LRCX. Vanguard Group Inc. boosted its stake in shares of Lam Research by 0.3% in the third quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock worth $17,537,447,000 after acquiring an additional 364,949 shares during the last quarter. State Street Corp increased its holdings in Lam Research by 1.1% in the 2nd quarter. State Street Corp now owns 59,551,547 shares of the semiconductor company’s stock valued at $5,810,172,000 after purchasing an additional 629,666 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Lam Research by 14.4% during the second 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Lam Research by 3.5% in the second quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock worth $3,280,484,000 after acquiring an additional 1,135,405 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Lam Research in the 2nd quarter valued at about $1,894,585,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Buying and Selling

In other Lam Research news, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the sale, the director directly owned 253,705 shares of the company’s stock, valued at $57,235,848. This trade represents a 12.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on LRCX shares. Dbs Bank increased their target price on Lam Research from $119.40 to $184.20 in a report on Monday, October 27th. Summit Insights raised shares of Lam Research from a “hold” rating to a “buy” rating in a research report on Thursday, January 29th. Mizuho set a $265.00 price objective on Lam Research in a report on Wednesday, January 28th. Needham & Company LLC boosted their target price on Lam Research from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Wall Street Zen downgraded Lam Research from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $244.88.

Lam Research Stock Up 1.9%

Lam Research stock opened at $240.09 on Thursday. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $251.87. The firm has a market capitalization of $299.82 billion, a price-to-earnings ratio of 49.20, a price-to-earnings-growth ratio of 2.53 and a beta of 1.78. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The stock’s fifty day moving average is $206.05 and its two-hundred day moving average is $158.29.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the company posted $0.91 EPS. The company’s revenue was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is presently 21.31%.

Lam Research Company 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.