William Blair Investment Management LLC Decreases Position in Lam Research Corporation $LRCX

William Blair Investment Management LLC trimmed its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 94.0% during the fourth quarter, Holdings Channel reports. The firm owned 110,668 shares of the semiconductor company’s stock after selling 1,732,948 shares during the quarter. William Blair Investment Management LLC’s holdings in Lam Research were worth $18,944,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of LRCX. PMV Capital Advisers LLC purchased a new stake in Lam Research during the fourth quarter worth $25,000. Stance Capital LLC purchased a new stake in Lam Research during the third quarter worth $26,000. Triumph Capital Management purchased a new stake in Lam Research during the third quarter worth $27,000. Strategic Wealth Investment Group LLC purchased a new stake in Lam Research during the second quarter worth $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Lam Research during the third quarter worth $40,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LRCX has been the topic of a number of research analyst reports. Sanford C. Bernstein boosted their target price on Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. New Street Research upped their price objective on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Seaport Research Partners started coverage on Lam Research in a research report on Monday, May 4th. They issued a “buy” rating and a $300.00 price objective on the stock. Rothschild & Co Redburn upped their price objective on Lam Research from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, Citic Securities upped their price objective on Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Twenty-seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $293.46.

Lam Research Stock Performance

NASDAQ LRCX opened at $305.35 on Tuesday. The business’s 50-day moving average price is $255.98 and its 200 day moving average price is $216.78. Lam Research Corporation has a twelve month low of $79.49 and a twelve month high of $309.98. The company has a market capitalization of $381.86 billion, a PE ratio of 57.61, a price-to-earnings-growth ratio of 2.53 and a beta of 1.81. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.70 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, research analysts predict that Lam Research Corporation will post 5.67 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research’s dividend payout ratio is 19.62%.

Insider Buying and Selling

In related news, insider Ava Harter sold 6,010 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the transaction, the insider directly owned 53,205 shares in the company, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the transaction, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 120,066 shares of company stock worth $27,953,242. 0.31% of the stock is owned by company 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.