Worth Asset Management LLC Has $1.41 Million Stock Holdings in Lam Research Corporation $LRCX

Worth Asset Management LLC trimmed its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 66.2% in the second quarter, Holdings Channel.com reports. The fund owned 3,253 shares of the semiconductor company’s stock after selling 6,379 shares during the quarter. Worth Asset Management LLC’s holdings in Lam Research were worth $1,410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bayban acquired a new stake in Lam Research during the 4th quarter valued at approximately $26,000. Vermillion Wealth Management Inc. bought a new position in Lam Research during the 1st quarter worth approximately $26,000. Cedar Mountain Advisors LLC lifted its position in shares of Lam Research by 242.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in shares of Lam Research in the 4th quarter worth approximately $27,000. Finally, Triumph Capital Management bought a new stake in shares of Lam Research in the 3rd quarter valued at $27,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Trading Up 1.8%

Shares of Lam Research stock opened at $311.35 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. Lam Research Corporation has a 52 week low of $94.11 and a 52 week high of $438.50. The stock has a 50 day moving average price of $339.89 and a two-hundred day moving average price of $279.64. The stock has a market capitalization of $389.36 billion, a PE ratio of 54.05, a price-to-earnings-growth ratio of 1.22 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. The company’s quarterly revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, equities analysts anticipate that Lam Research Corporation will post 9.24 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were paid 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 was Wednesday, June 17th. Lam Research’s payout ratio is 18.06%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LRCX. HSBC reiterated a “hold” rating and set a $333.00 price objective on shares of Lam Research in a research report on Monday, July 27th. Raymond James Financial set a $425.00 target price on shares of Lam Research in a report on Wednesday, June 10th. Rothschild & Co Redburn upped their price target on shares of Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Sanford C. Bernstein increased their price target on Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Finally, Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price of $358.47.

Insiders Place Their Bets

In other news, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the transaction, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the business’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the sale, the director directly owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 80,441 shares of company stock worth $27,614,296. Insiders own 0.31% of the company’s stock.

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.