Neville Rodie & Shaw Inc. Sells 6,782 Shares of Lam Research Corporation $LRCX

Neville Rodie & Shaw Inc. trimmed its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 2.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259,972 shares of the semiconductor company’s stock after selling 6,782 shares during the quarter. Lam Research accounts for approximately 3.1% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its 5th biggest position. Neville Rodie & Shaw Inc.’s holdings in Lam Research were worth $44,502,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 12,936 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Lam Research in the first quarter valued at approximately $239,000. LSV Asset Management grew its holdings in shares of Lam Research by 0.3% in the second quarter. LSV Asset Management now owns 96,280 shares of the semiconductor company’s stock valued at $9,372,000 after purchasing an additional 320 shares in the last quarter. Portside Wealth Group LLC increased its stake in Lam Research by 13.7% during the 2nd quarter. Portside Wealth Group LLC now owns 4,459 shares of the semiconductor company’s stock worth $434,000 after buying an additional 538 shares during the period. Finally, Traub Capital Management LLC purchased a new stake in Lam Research during the 2nd quarter worth approximately $193,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Price Performance

Shares of LRCX opened at $233.99 on Friday. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $256.68. The firm’s fifty day simple moving average is $226.72 and its 200-day simple moving average is $176.12. The firm has a market capitalization of $292.20 billion, a price-to-earnings ratio of 47.95, a PEG ratio of 2.42 and a beta of 1.77. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. 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 fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, March 4th. Lam Research’s dividend payout ratio is currently 21.31%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. B. Riley Financial reissued a “buy” rating on shares of Lam Research in a research report on Thursday, January 15th. Citigroup upped their price objective on Lam Research from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $320.00 price objective (up from $265.00) on shares of Lam Research in a research note on Thursday, January 29th. Summit Insights upgraded Lam Research from a “hold” rating to a “buy” rating in a report on Thursday, January 29th. Finally, Rothschild & Co Redburn boosted their target price on Lam Research from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.35.

Insider Activity

In related news, Director Eric Brandt sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was 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 of the company’s stock, valued at $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 SEC, which is available through this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the completion of the transaction, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 130,886 shares of company stock worth $29,658,802. 0.31% of the stock is currently owned by insiders.

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.