Lam Research Corporation $LRCX Shares Sold by NJ State Employees Deferred Compensation Plan

NJ State Employees Deferred Compensation Plan lessened its stake in Lam Research Corporation (NASDAQ:LRCX) by 6.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 52,960 shares of the semiconductor company’s stock after selling 3,690 shares during the period. Lam Research makes up 0.8% of NJ State Employees Deferred Compensation Plan’s portfolio, making the stock its 15th largest position. NJ State Employees Deferred Compensation Plan’s holdings in Lam Research were worth $7,091,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. IMG Wealth Management Inc. purchased a new stake in shares of Lam Research in the second quarter valued at about $26,000. Howard Hughes Medical Institute purchased a new stake in shares of Lam Research in the second quarter valued at approximately $27,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of Lam Research in the second quarter valued at approximately $29,000. Delos Wealth Advisors LLC acquired a new position in shares of Lam Research during the 2nd quarter worth $30,000. Finally, Bank of Jackson Hole Trust grew its position in Lam Research by 111.1% during the second quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock worth $37,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Trading Up 1.8%

Shares of Lam Research stock opened at $235.53 on Tuesday. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $251.87. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average is $203.22 and its two-hundred day moving average is $156.73. The firm has a market cap of $294.12 billion, a PE ratio of 48.26, a P/E/G ratio of 2.53 and a beta of 1.78.

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

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, March 4th. Lam Research’s dividend payout ratio is currently 21.31%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wall Street Zen lowered Lam Research from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. raised their price target on Lam Research from $165.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $200.00 price objective (up from $175.00) on shares of Lam Research in a research report on Monday, December 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $290.00 price target (up previously from $260.00) on shares of Lam Research in a report on Thursday, January 29th. Finally, Wells Fargo & Company raised their price objective on shares of Lam Research from $250.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $244.88.

Insider Transactions at Lam Research

In other news, Director Eric Brandt sold 35,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of the transaction, the director directly owned 253,705 shares in the company, valued at approximately $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by company insiders.

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.