Commonwealth Retirement Investments LLC Has $5.56 Million Stake in Lam Research Corporation $LRCX

Commonwealth Retirement Investments LLC trimmed its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 13.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 32,491 shares of the semiconductor company’s stock after selling 4,973 shares during the period. Lam Research accounts for approximately 1.8% of Commonwealth Retirement Investments LLC’s holdings, making the stock its 16th largest position. Commonwealth Retirement Investments LLC’s holdings in Lam Research were worth $5,562,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LRCX. Brighton Jones LLC lifted its position in shares of Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 12,936 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Lam Research during the first quarter worth approximately $239,000. Gabelli Funds LLC acquired a new position in shares of Lam Research during the second quarter worth approximately $253,000. NewEdge Advisors LLC lifted its position in shares of Lam Research by 2.7% during the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after purchasing an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. lifted its position in shares of Lam Research by 5,206.7% during the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 781 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Up 7.0%

Shares of NASDAQ LRCX opened at $324.45 on Tuesday. The company’s 50 day simple moving average is $275.48 and its 200 day simple moving average is $228.55. Lam Research Corporation has a fifty-two week low of $87.02 and a fifty-two week high of $346.19. The firm has a market capitalization of $405.75 billion, a P/E ratio of 61.22, a P/E/G ratio of 2.51 and a beta of 1.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period in the prior year, the business posted $1.04 earnings per share. Lam Research’s revenue 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, analysts predict that Lam Research Corporation will post 5.67 EPS for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be issued 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%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LRCX shares. Zacks Research lowered shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Oppenheimer reiterated an “outperform” rating and set a $330.00 target price on shares of Lam Research in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lam Research from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Citigroup restated a “buy” rating and issued a $315.00 price objective (up from $300.00) on shares of Lam Research in a report on Thursday, April 23rd. Finally, Weiss Ratings lowered shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Twenty-seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and a consensus price target of $303.30.

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 6,010 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the sale, the insider directly owned 53,205 shares in the company, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the sale, the senior vice president owned 58,470 shares in the company, valued at approximately $18,102,312. This trade represents a 11.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 31,839 shares of company stock worth $8,561,667. Company insiders own 0.31% of the company’s stock.

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.