Moran Wealth Management LLC Sells 2,294 Shares of Lam Research Corporation $LRCX

Moran Wealth Management LLC lowered its stake in Lam Research Corporation (NASDAQ:LRCX) by 2.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 88,825 shares of the semiconductor company’s stock after selling 2,294 shares during the quarter. Moran Wealth Management LLC’s holdings in Lam Research were worth $18,978,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. PMV Capital Advisers LLC bought a new stake in Lam Research during the 4th quarter worth approximately $25,000. Stance Capital LLC purchased a new position in Lam Research during the third quarter valued at approximately $26,000. Bayban purchased a new position in Lam Research during the fourth quarter valued at approximately $26,000. Vermillion Wealth Management Inc. bought a new position in shares of Lam Research in the first quarter worth approximately $26,000. Finally, Triumph Capital Management bought a new position in shares of Lam Research in the third quarter worth approximately $27,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Performance

LRCX opened at $351.41 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 stock has a market capitalization of $439.46 billion, a price-to-earnings ratio of 66.30, a PEG ratio of 2.10 and a beta of 1.80. The company has a fifty day moving average of $326.35 and a 200 day moving average of $257.36. Lam Research Corporation has a fifty-two week low of $90.93 and a fifty-two week high of $438.50.

Lam Research (NASDAQ:LRCX) last released 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 business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business’s revenue was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts forecast that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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 of this dividend is Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. Lam Research’s payout ratio is presently 19.62%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of analyst reports. UBS Group restated a “buy” rating and set a $375.00 target price (up from $310.00) on shares of Lam Research in a research note on Tuesday, June 9th. TD Cowen increased their price target on Lam Research from $290.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Erste Group Bank cut Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Bank of America boosted their price objective on Lam Research from $330.00 to $480.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Lam Research from $300.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $345.39.

Insider Transactions at Lam Research

In related news, insider Ava Harter sold 6,010 shares of the firm’s 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 completion of the transaction, the insider directly owned 53,205 shares of the company’s stock, 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 can be accessed through this hyperlink. Also, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the sale, the director directly owned 199,205 shares in the company, valued at approximately $69,881,114. The trade was a 21.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 86,339 shares of company stock valued at $27,680,267 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Lam Research 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.