Guinness Asset Management LTD Sells 73,997 Shares of Lam Research Corporation $LRCX

Guinness Asset Management LTD lowered its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 17.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 348,115 shares of the semiconductor company’s stock after selling 73,997 shares during the quarter. Lam Research comprises 1.0% of Guinness Asset Management LTD’s investment portfolio, making the stock its 23rd biggest holding. Guinness Asset Management LTD’s holdings in Lam Research were worth $60,188,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of LRCX. Traphagen Investment Advisors LLC raised its holdings in shares of Lam Research by 2.4% in the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock worth $336,000 after acquiring an additional 46 shares during the last quarter. Field & Main Bank raised its holdings in shares of Lam Research by 1.1% in the 4th quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company’s stock worth $790,000 after acquiring an additional 50 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Lam Research by 1.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company’s stock worth $795,000 after acquiring an additional 51 shares during the last quarter. Retirement Planning Group LLC raised its holdings in shares of Lam Research by 2.9% in the 4th quarter. Retirement Planning Group LLC now owns 1,834 shares of the semiconductor company’s stock worth $314,000 after acquiring an additional 51 shares during the last quarter. Finally, Plancorp LLC raised its holdings in shares of Lam Research by 2.1% in the 4th quarter. Plancorp LLC now owns 2,518 shares of the semiconductor company’s stock worth $431,000 after acquiring an additional 51 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

In other news, insider Ava Harter sold 6,010 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the transaction, the insider directly owned 53,205 shares of the company’s stock, valued at $13,762,005.30. This represents a 10.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Neil J. Fernandes sold 18,170 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the transaction, the senior vice president directly owned 66,129 shares of the company’s stock, valued at $16,872,153.06. This represents a 21.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 120,066 shares of company stock worth $27,953,242. Insiders own 0.31% of the company’s stock.

Key Lam Research News

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Analysts continue to sound optimistic, with Sanford C. Bernstein raising its price target on Lam Research to $340 from $325 and reiterating an outperform rating, implying further upside from current levels.
• Positive Sentiment: The company is benefiting from strong AI-related chip demand, which is driving customers to buy more wafer fabrication equipment and supporting the stock’s strong year-to-date run.
• Positive Sentiment: Lam Research said it is adding AI and sensing capabilities to its chipmaking tools and expanding U.S. operations in Arizona and California, a sign it is positioning itself for longer-term growth in advanced semiconductor manufacturing. Article: Lam Research focused on adding AI to chipmaking tools as it eyes US expansion, CEO says
• Positive Sentiment: The company launched a new research lab in Salzburg focused on panel-level chip packaging, aiming to improve chip density and reduce packaging costs as AI demand rises.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LRCX shares. Berenberg Bank upped their target price on shares of Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. B. Riley Financial upped their target price on shares of Lam Research from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Sanford C. Bernstein upped their target price on shares of Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday. Susquehanna upped their target price on shares of Lam Research from $350.00 to $385.00 and gave the stock a “positive” rating in a report on Thursday, April 23rd. Finally, Rothschild & Co Redburn upped their target price on shares of Lam Research from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Twenty-seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $293.46.

Lam Research Trading Up 1.0%

NASDAQ:LRCX opened at $305.35 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The firm has a market cap of $381.86 billion, a price-to-earnings ratio of 57.61, a price-to-earnings-growth ratio of 2.50 and a beta of 1.81. Lam Research Corporation has a 52 week low of $79.49 and a 52 week high of $309.98. The firm has a 50-day moving average price of $254.07 and a two-hundred day moving average price of $215.35.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.36 by $0.11. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities analysts expect that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be paid a $0.26 dividend. 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 (DPR) is 19.62%.

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.