Wilmington Savings Fund Society FSB Trims Stock Holdings in Lam Research Corporation $LRCX

Wilmington Savings Fund Society FSB decreased its position in Lam Research Corporation (NASDAQ:LRCX) by 31.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,418 shares of the semiconductor company’s stock after selling 12,839 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Lam Research were worth $3,671,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of LRCX. Brighton Jones LLC increased its stake in shares of Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after acquiring an additional 12,936 shares in the last quarter. Caxton Associates LLP purchased a new position in Lam Research during the 1st quarter valued at about $239,000. Avantax Advisory Services Inc. boosted its stake in Lam Research by 22.2% during the second quarter. Avantax Advisory Services Inc. now owns 57,832 shares of the semiconductor company’s stock worth $5,629,000 after acquiring an additional 10,496 shares in the last quarter. LSV Asset Management increased its stake in shares of Lam Research by 0.3% during 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. Finally, Portside Wealth Group LLC lifted its holdings in shares of Lam Research by 13.7% during the second quarter. Portside Wealth Group LLC now owns 4,459 shares of the semiconductor company’s stock valued at $434,000 after purchasing an additional 538 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Activity at Lam Research

In other Lam Research news, insider Ava Harter sold 1,500 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total value of $333,990.00. Following the completion of the sale, the insider directly owned 53,205 shares of the company’s stock, valued at $11,846,625.30. The trade was a 2.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eric Brandt sold 35,000 shares of the company’s stock in a transaction dated 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 transaction, the director owned 253,705 shares in the company, valued at $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 130,886 shares of company stock worth $29,658,802 in the last 90 days. 0.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LRCX shares. Bank of America increased their price target on shares of Lam Research from $195.00 to $245.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Cantor Fitzgerald restated an “overweight” rating and issued a $320.00 price objective (up from $265.00) on shares of Lam Research in a research report on Thursday, January 29th. JPMorgan Chase & Co. upped their price objective on Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. TD Cowen lifted their target price on Lam Research from $170.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, The Goldman Sachs Group set a $262.00 price target on Lam Research and gave the stock a “buy” 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $245.35.

Lam Research Trading Down 0.8%

Shares of LRCX stock opened at $224.71 on Thursday. The company has a market cap of $280.61 billion, a PE ratio of 46.05, a price-to-earnings-growth ratio of 2.44 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 stock’s 50 day simple moving average is $226.06 and its two-hundred day simple moving average is $175.71. Lam Research Corporation has a 1 year low of $56.32 and a 1 year 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 the consensus estimate of $1.17 by $0.10. The company 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%.Lam Research’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

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.