TD Asset Management Inc Sells 529,820 Shares of Lam Research Corporation $LRCX

TD Asset Management Inc lowered its stake in Lam Research Corporation (NASDAQ:LRCX) by 17.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,422,589 shares of the semiconductor company’s stock after selling 529,820 shares during the period. TD Asset Management Inc’s holdings in Lam Research were worth $324,385,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cozad Asset Management Inc. raised its holdings in shares of Lam Research by 0.5% during the third quarter. Cozad Asset Management Inc. now owns 172,005 shares of the semiconductor company’s stock worth $23,031,000 after acquiring an additional 915 shares during the period. Thoroughbred Financial Services LLC boosted its stake in Lam Research by 115.2% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company’s stock worth $2,972,000 after purchasing an additional 11,883 shares during the period. Greenland Capital Management LP increased its holdings in Lam Research by 688.9% during the 3rd quarter. Greenland Capital Management LP now owns 41,225 shares of the semiconductor company’s stock worth $5,520,000 after purchasing an additional 48,225 shares in the last quarter. Mufg Securities Americas Inc. raised its stake in shares of Lam Research by 20.4% in the 3rd quarter. Mufg Securities Americas Inc. now owns 34,129 shares of the semiconductor company’s stock valued at $4,570,000 after purchasing an additional 5,780 shares during the period. Finally, Lake Street Private Wealth LLC lifted its holdings in shares of Lam Research by 2.6% in the third quarter. Lake Street Private Wealth LLC now owns 13,228 shares of the semiconductor company’s stock valued at $1,771,000 after purchasing an additional 339 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insiders Place Their Bets

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

Lam Research Price Performance

Shares of LRCX opened at $244.25 on Wednesday. The company’s 50-day moving average is $212.29 and its 200-day moving average is $162.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The firm has a market capitalization of $305.01 billion, a PE ratio of 50.05, a PEG ratio of 2.60 and a beta of 1.78. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $251.87.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The business 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 quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

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

Analyst Ratings Changes

LRCX has been the subject of a number of research reports. Citigroup increased their price objective on Lam Research from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. New Street Research raised their price target on shares of Lam Research from $195.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. boosted their price objective on shares of Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. The Goldman Sachs Group set a $262.00 target price on shares of Lam Research and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, Argus lifted their price target on shares of Lam Research from $175.00 to $280.00 in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $244.88.

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.