Lam Research (NASDAQ:LRCX) CFO Sells $9,284,542.38 in Stock

Lam Research Corporation (NASDAQ:LRCX) CFO Douglas Bettinger sold 40,329 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $230.22, for a total transaction of $9,284,542.38. Following the completion of the transaction, the chief financial officer owned 1,054,012 shares in the company, valued at $242,654,642.64. This represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lam Research Stock Down 5.6%

Shares of NASDAQ:LRCX traded down $12.89 during trading on Tuesday, hitting $218.11. 6,799,475 shares of the company were exchanged, compared to its average volume of 12,299,104. The firm’s 50 day moving average price is $218.02 and its 200-day moving average price is $166.51. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $256.68. 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 has a market capitalization of $272.37 billion, a P/E ratio of 44.69, a PEG ratio of 2.52 and a beta of 1.77.

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

Lam Research Announces Dividend

The company 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 dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

Institutional Trading of Lam Research

Several hedge funds have recently modified their holdings of the business. EJMK Ventures LLC purchased a new position in Lam Research in the fourth quarter worth $278,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Lam Research by 298,650.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 17,925 shares of the semiconductor company’s stock worth $3,068,000 after purchasing an additional 17,919 shares during the period. Reflection Asset Management acquired a new position in shares of Lam Research during the 4th quarter worth $2,448,000. Sankala Group LLC purchased a new position in shares of Lam Research in the 4th quarter valued at about $31,000. Finally, Anchor Investment Management LLC lifted its stake in shares of Lam Research by 165.4% in the fourth quarter. Anchor Investment Management LLC now owns 6,426 shares of the semiconductor company’s stock valued at $1,100,000 after purchasing an additional 4,005 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LRCX has been the subject of several research reports. UBS Group set a $300.00 price target on shares of Lam Research in a research report on Thursday, January 29th. Susquehanna set a $325.00 target price on shares of Lam Research and gave the company a “positive” rating in a report on Thursday, January 29th. Wall Street Zen lowered Lam Research from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Evercore set a $275.00 price objective on Lam Research in a research note on Thursday, January 29th. Finally, Citigroup lifted their target price on Lam Research from $265.00 to $300.00 and gave the company 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 issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $245.19.

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.