Lam Research Corporation $LRCX Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ reduced its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 8.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 564,163 shares of the semiconductor company’s stock after selling 53,675 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Lam Research were worth $75,541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LRCX. Norges Bank purchased a new stake in shares of Lam Research during the second quarter valued at approximately $1,894,585,000. JPMorgan Chase & Co. grew its holdings in Lam Research by 14.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after purchasing an additional 5,102,589 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in Lam Research by 35.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 9,849,868 shares of the semiconductor company’s stock worth $958,786,000 after buying an additional 2,575,456 shares during the period. Sei Investments Co. increased its stake in Lam Research by 103.5% during the 2nd quarter. Sei Investments Co. now owns 3,049,460 shares of the semiconductor company’s stock worth $296,833,000 after buying an additional 1,550,842 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in Lam Research by 48.9% in the 3rd quarter. Voya Investment Management LLC now owns 4,445,681 shares of the semiconductor company’s stock worth $594,620,000 after buying an additional 1,460,622 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LRCX. Dbs Bank lifted their target price on Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. Citic Securities raised their price objective on Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 30th. BNP Paribas Exane upped their target price on Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. KeyCorp reissued a “sector weight” rating on shares of Lam Research in a research report on Thursday, January 29th. Finally, Susquehanna set a $325.00 price target on shares of Lam Research and gave the company a “positive” rating in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.88.

Lam Research Stock Performance

Shares of LRCX opened at $235.53 on Tuesday. The stock has a market capitalization of $294.12 billion, a PE ratio of 48.26, a price-to-earnings-growth ratio of 2.53 and a beta of 1.78. The business’s fifty day moving average price is $203.22 and its 200 day moving average price is $156.73. 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 12-month low of $56.32 and a 12-month high of $251.87.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The firm’s revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

Insider Buying and Selling

In other news, Director Eric Brandt sold 35,000 shares of the company’s stock in a transaction that occurred on 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 directly owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is currently owned by insiders.

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.