Mitsubishi UFJ Asset Management Co. Ltd. Sells 63,305 Shares of Lam Research Corporation $LRCX

Mitsubishi UFJ Asset Management Co. Ltd. cut its position in Lam Research Corporation (NASDAQ:LRCX) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,961,248 shares of the semiconductor company’s stock after selling 63,305 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.24% of Lam Research worth $396,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Howard Hughes Medical Institute bought a new position in Lam Research in the 2nd quarter worth approximately $27,000. Sound Income Strategies LLC bought a new position in shares of Lam Research during the 3rd quarter valued at approximately $41,000. Tripletail Wealth Management LLC bought a new stake in Lam Research in the third quarter worth $44,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Lam Research in the 2nd quarter worth $29,000. Finally, Delos Wealth Advisors LLC bought a new stake in shares of Lam Research in the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on LRCX shares. JPMorgan Chase & Co. lifted their price target on Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Evercore set a $275.00 price objective on Lam Research in a research note on Thursday, January 29th. Argus lifted their price objective on shares of Lam Research from $175.00 to $280.00 in a research note on Tuesday, February 3rd. KeyCorp reaffirmed a “sector weight” rating on shares of Lam Research in a research note on Thursday, January 29th. Finally, Sanford C. Bernstein raised their price objective on shares of Lam Research from $275.00 to $285.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $245.19.

Insider Buying and Selling at Lam Research

In related news, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $225.60, for a total value of $7,896,000.00. Following the transaction, the director directly owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.31% of the stock is currently owned by company insiders.

Lam Research Trading Up 2.1%

NASDAQ LRCX opened at $249.48 on Thursday. The company has a fifty day moving average of $214.18 and a 200 day moving average of $163.37. The company has a market capitalization of $311.54 billion, a PE ratio of 51.12, a P/E/G ratio of 2.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $256.68.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) 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 company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the previous year, the company posted $0.91 earnings per share. Lam Research’s revenue for the quarter was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The business 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. The ex-dividend date is Wednesday, March 4th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is 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.