Azzad Asset Management Inc. ADV Sells 23,713 Shares of Lam Research Corporation $LRCX

Azzad Asset Management Inc. ADV decreased its position in Lam Research Corporation (NASDAQ:LRCX) by 45.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 28,790 shares of the semiconductor company’s stock after selling 23,713 shares during the period. Lam Research accounts for about 0.6% of Azzad Asset Management Inc. ADV’s portfolio, making the stock its 28th largest holding. Azzad Asset Management Inc. ADV’s holdings in Lam Research were worth $6,151,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac bought a new position in shares of Lam Research during the 4th quarter worth $10,035,000. Generali Investments Management Co LLC increased its stake in Lam Research by 62.0% in the fourth quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company’s stock valued at $6,209,000 after acquiring an additional 13,878 shares during the last quarter. Krilogy Financial LLC boosted its stake in shares of Lam Research by 19.5% in the 1st quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company’s stock valued at $6,006,000 after purchasing an additional 4,584 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Lam Research in the 1st quarter worth approximately $26,489,000. Finally, Whalen Wealth Management Inc. purchased a new stake in shares of Lam Research during the fourth quarter worth about $1,423,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of LRCX opened at $353.17 on Friday. The company has a 50 day moving average of $332.86 and a two-hundred day moving average of $263.00. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a twelve month low of $90.93 and a twelve month high of $438.50. The company has a market cap of $441.66 billion, a price-to-earnings ratio of 66.64, a price-to-earnings-growth ratio of 1.98 and a beta of 1.80.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. During the same quarter last year, the firm earned $1.04 EPS. The business’s quarterly revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, analysts predict that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were paid a $0.26 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is 19.62%.

Key Headlines Impacting Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Mizuho raised Lam Research’s price target from $380 to $400 and reiterated an outperform rating, helping fuel the stock’s rally. Benzinga report on Mizuho price target increase
• Positive Sentiment: Morgan Stanley maintained a Buy rating and $404 price target, citing ongoing outperformance and structural share gains. TipRanks analyst note
• Positive Sentiment: Investor enthusiasm is also being supported by reports that AI-related chip spending and advanced packaging trends could lift demand for wafer fabrication equipment, including Lam’s tools. Barron’s article on Meta chip plans
• Neutral Sentiment: Lam Research also announced its June quarter financial conference call for July 29, which keeps attention on upcoming results but is not itself a major catalyst. PR Newswire conference call announcement
• Neutral Sentiment: Recent coverage suggests the stock is drawing renewed attention as investors look ahead to earnings and assess whether the AI semiconductor buildout can support further upside. Kalkine Media article

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. B. Riley Financial increased their price objective on Lam Research from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Evercore upped their target price on shares of Lam Research from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Erste Group Bank cut shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Barclays reissued an “overweight” rating and set a $335.00 price objective (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. Finally, HSBC raised their price objective on Lam Research from $221.00 to $247.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Twenty-eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average target price of $350.33.

Insider Buying and Selling

In other Lam Research news, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the sale, the insider owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Neil J. Fernandes sold 7,659 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president owned 58,470 shares in the company, valued at $18,102,312. The trade was a 11.58% decrease in their position. 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. Insiders sold 86,339 shares of company stock worth $27,680,267 in the last three months. Corporate 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.