Fideuram Intesa Sanpaolo Private Banking S.P.A. Trims Stock Position in Lam Research Corporation $LRCX

Fideuram Intesa Sanpaolo Private Banking S.P.A. reduced its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 59.4% in the first quarter, Holdings Channel reports. The firm owned 21,417 shares of the semiconductor company’s stock after selling 31,348 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Lam Research were worth $4,576,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Peregrine Asset Advisers Inc. purchased a new position in Lam Research during the first quarter worth about $2,664,000. Patten Group Inc. bought a new position in Lam Research in the 1st quarter worth about $211,000. Strs Ohio raised its holdings in shares of Lam Research by 1.9% in the 1st quarter. Strs Ohio now owns 517,744 shares of the semiconductor company’s stock valued at $110,621,000 after acquiring an additional 9,417 shares in the last quarter. Boston Trust Walden Corp raised its holdings in shares of Lam Research by 3,213.8% in the 1st quarter. Boston Trust Walden Corp now owns 64,950 shares of the semiconductor company’s stock valued at $13,877,000 after acquiring an additional 62,990 shares in the last quarter. Finally, Keybank National Association OH grew its stake in Lam Research by 0.3% in the 1st quarter. Keybank National Association OH now owns 45,992 shares of the semiconductor company’s stock worth $9,827,000 after buying an additional 135 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of research analyst reports. Sanford C. Bernstein increased their price target on shares of Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Seaport Research Partners began coverage on shares of Lam Research in a research report on Monday, May 4th. They issued a “buy” rating and a $300.00 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $300.00 target price on shares of Lam Research in a research note on Thursday, April 23rd. Jefferies Financial Group increased their target price on Lam Research from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada lifted their price target on Lam Research from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Twenty-eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus price target of $345.39.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $351.41 on Friday. The stock’s 50-day moving average is $326.35 and its 200 day moving average is $257.36. The company has a market cap of $439.46 billion, a PE ratio of 66.30, a P/E/G ratio of 2.10 and a beta of 1.80. 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 Corporation has a 1 year low of $90.93 and a 1 year high of $438.50.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data 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. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The business’s revenue 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. Sell-side analysts anticipate that Lam Research Corporation will post 5.68 EPS for the current year.

Lam Research Announces Dividend

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

Insider Buying and Selling at Lam Research

In other news, 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 value of $2,371,226.40. Following the sale, the senior vice president directly owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. This represents a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the company’s 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 completion of the transaction, the insider owned 53,205 shares in the company, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 86,339 shares of company stock valued at $27,680,267. 0.31% of the stock is currently owned by corporate 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.