Insight Wealth Strategies LLC Sells 14,156 Shares of Lam Research Corporation $LRCX

Insight Wealth Strategies LLC trimmed its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 14.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,222 shares of the semiconductor company’s stock after selling 14,156 shares during the quarter. Lam Research accounts for approximately 1.7% of Insight Wealth Strategies LLC’s portfolio, making the stock its 16th largest holding. Insight Wealth Strategies LLC’s holdings in Lam Research were worth $14,588,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LRCX. Stance Capital LLC purchased a new position in Lam Research during the third quarter worth about $26,000. Howard Hughes Medical Institute bought a new stake in Lam Research in the 2nd quarter worth about $27,000. Triumph Capital Management purchased a new stake in Lam Research in the 3rd quarter valued at about $27,000. Strategic Wealth Investment Group LLC bought a new position in shares of Lam Research during the 2nd quarter worth approximately $29,000. Finally, Delos Wealth Advisors LLC bought a new position in shares of Lam Research during the 2nd quarter worth approximately $30,000. Institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LRCX. Stifel Nicolaus upped their target price on Lam Research from $250.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, January 29th. HSBC lifted their price target on Lam Research from $181.00 to $221.00 and gave the stock a “hold” rating in a report on Friday, January 30th. KeyCorp reissued a “sector weight” rating on shares of Lam Research in a research report on Thursday, January 29th. TD Cowen upped their price objective 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, Citigroup raised their target price on Lam Research from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. One investment 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. According to data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and an average price target of $245.35.

Insider Activity at Lam Research

In other Lam Research news, insider Ava Harter sold 1,500 shares of Lam Research stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $222.66, for a total transaction of $333,990.00. Following the completion of the transaction, the insider 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 through this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the sale, the chief financial officer owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 130,886 shares of company stock worth $29,658,802. 0.31% of the stock is owned by company insiders.

Lam Research Stock Performance

Shares of LRCX stock opened at $224.71 on Thursday. The firm’s 50 day moving average is $226.06 and its 200 day moving average is $175.71. The stock has a market capitalization of $280.61 billion, a P/E ratio of 46.05, a PEG ratio of 2.44 and a beta of 1.77. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $256.68. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last issued its 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. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

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