Lam Research Corporation $LRCX Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lowered its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 12.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 765,873 shares of the semiconductor company’s stock after selling 110,772 shares during the period. Schroder Investment Management Group owned approximately 0.06% of Lam Research worth $102,550,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LRCX. Howard Hughes Medical Institute acquired a new stake in Lam Research in the second quarter valued at $27,000. Sound Income Strategies LLC acquired a new position in Lam Research in the third quarter valued at approximately $41,000. Tripletail Wealth Management LLC bought a new position in Lam Research during the 3rd quarter worth $44,000. Strategic Wealth Investment Group LLC bought a new position in shares of Lam Research during the second quarter worth about $29,000. Finally, Delos Wealth Advisors LLC acquired a new stake in shares of Lam Research in the second quarter valued at approximately $30,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LRCX has been the topic of a number of recent analyst reports. Barclays set a $250.00 price target on shares of Lam Research in a research report on Thursday, January 29th. Mizuho set a $265.00 price target on Lam Research in a research note on Wednesday, January 28th. The Goldman Sachs Group set a $262.00 target price on Lam Research and gave the company a “buy” rating in a report on Thursday, January 29th. HSBC lifted their target price on shares of Lam Research from $181.00 to $221.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Finally, Argus upped their price objective on shares of Lam Research from $175.00 to $280.00 in a report on Tuesday, February 3rd. One 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $245.19.

Insiders Place Their Bets

In related news, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research 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 transaction, the chief financial officer owned 1,081,705 shares of the company’s stock, valued at $242,334,371.15. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric Brandt sold 35,000 shares of the 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 owned 253,705 shares in the company, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 130,886 shares of company stock valued at $29,658,802. Company insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

Shares of NASDAQ:LRCX opened at $211.19 on Tuesday. The stock has a market capitalization of $263.73 billion, a price-to-earnings ratio of 43.28, a price-to-earnings-growth ratio of 2.14 and a beta of 1.77. 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 business’s fifty day moving average price is $221.66 and its two-hundred day moving average price is $170.52. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $256.68.

Lam Research (NASDAQ:LRCX) last released 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. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the firm posted $0.91 EPS. The business’s revenue was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Wednesday, March 4th. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. Lam Research’s payout ratio is currently 21.31%.

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.