Lam Research Corporation $LRCX Shares Sold by Holocene Advisors LP

Holocene Advisors LP trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 69.6% in the third quarter, HoldingsChannel reports. The firm owned 276,208 shares of the semiconductor company’s stock after selling 633,212 shares during the period. Holocene Advisors LP’s holdings in Lam Research were worth $36,984,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LRCX. Humankind Investments LLC purchased a new stake in shares of Lam Research during the 3rd quarter worth about $224,000. Gotham Asset Management LLC boosted its stake in shares of Lam Research by 251.2% during the 3rd quarter. Gotham Asset Management LLC now owns 237,177 shares of the semiconductor company’s stock valued at $31,758,000 after buying an additional 169,647 shares during the last quarter. First Commonwealth Financial Corp PA grew its holdings in Lam Research by 8.2% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 15,628 shares of the semiconductor company’s stock worth $2,093,000 after acquiring an additional 1,178 shares in the last quarter. Focus Partners Wealth grew its position in shares of Lam Research by 1.5% in the 3rd quarter. Focus Partners Wealth now owns 449,637 shares of the semiconductor company’s stock worth $60,207,000 after acquiring an additional 6,732 shares in the last quarter. Finally, Destination Wealth Management boosted its holdings in shares of Lam Research by 10.9% in the 3rd quarter. Destination Wealth Management now owns 3,892 shares of the semiconductor company’s stock valued at $521,000 after buying an additional 381 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity at Lam Research

In other news, insider Ava Harter sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $232.50, for a total value of $930,000.00. Following the sale, the insider directly owned 54,705 shares in the company, valued at approximately $12,718,912.50. This trade represents a 6.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the sale, the director directly owned 253,705 shares in the company, valued at $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. Over the last three months, insiders have sold 130,886 shares of company stock worth $29,658,802. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. KeyCorp reissued a “sector weight” rating on shares of Lam Research in a report on Thursday, January 29th. Cantor Fitzgerald reaffirmed 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. Needham & Company LLC lifted their price target on Lam Research from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. upped their price objective on shares of Lam Research from $165.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Finally, Wells Fargo & Company raised their price target on Lam Research from $250.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $245.35.

Lam Research Stock Up 3.4%

Shares of LRCX opened at $219.40 on Tuesday. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $256.68. The company has a 50-day moving average price of $225.24 and a two-hundred day moving average price of $174.48. 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 stock has a market cap of $273.98 billion, a price-to-earnings ratio of 44.96, a P/E/G ratio of 2.28 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 62.81% and a net margin of 30.22%.The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior 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 predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, March 4th. Lam Research’s payout ratio is presently 21.31%.

About Lam Research

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.