Flputnam Investment Management Co. Sells 12,025 Shares of Lam Research Corporation $LRCX

Flputnam Investment Management Co. lessened its holdings in Lam Research Corporation (NASDAQ:LRCX) by 2.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 484,829 shares of the semiconductor company’s stock after selling 12,025 shares during the period. Lam Research makes up about 1.2% of Flputnam Investment Management Co.’s investment portfolio, making the stock its 16th largest position. Flputnam Investment Management Co.’s holdings in Lam Research were worth $82,993,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. PMV Capital Advisers LLC bought a new position in shares of Lam Research in the 4th quarter worth approximately $25,000. Stance Capital LLC bought a new position in shares of Lam Research in the 3rd quarter worth approximately $26,000. Triumph Capital Management bought a new position in shares of Lam Research in the 3rd quarter worth approximately $27,000. Strategic Wealth Investment Group LLC bought a new position in shares of Lam Research in the 2nd quarter worth approximately $29,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Lam Research in the 3rd quarter worth approximately $40,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Up 5.7%

Lam Research stock opened at $322.68 on Wednesday. The firm has a 50 day moving average of $258.19 and a 200 day moving average of $217.89. The firm has a market capitalization of $403.53 billion, a price-to-earnings ratio of 60.88, a P/E/G ratio of 2.53 and a beta of 1.81. Lam Research Corporation has a 12-month low of $79.49 and a 12-month high of $323.98. 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) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, research analysts predict 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. Shareholders of record on Wednesday, June 17th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) is 19.62%.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Neil J. Fernandes sold 18,170 shares of the 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 completion of the sale, the senior vice president directly owned 66,129 shares of the company’s stock, valued at $16,872,153.06. This trade represents a 21.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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 the 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 directly owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 120,066 shares of company stock valued at $27,953,242 in the last three months. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LRCX. Rothschild & Co Redburn increased their price objective on shares of Lam Research from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Wells Fargo & Company increased their price objective on shares of Lam Research from $290.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Bank of America increased their price objective on shares of Lam Research from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Morgan Stanley upgraded shares of Lam Research from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $293.00 to $331.00 in a research note on Monday, May 18th. Finally, Zacks Research lowered shares of Lam Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Twenty-seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $293.46.

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.