New Age Alpha Advisors LLC Sells 35,321 Shares of Lam Research Corporation $LRCX

New Age Alpha Advisors LLC cut its holdings in Lam Research Corporation (NASDAQ:LRCX) by 79.6% in the fourth quarter, HoldingsChannel reports. The firm owned 9,051 shares of the semiconductor company’s stock after selling 35,321 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Lam Research were worth $1,549,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PMV Capital Advisers LLC purchased a new position in shares of Lam Research in the fourth quarter valued at $25,000. Stance Capital LLC purchased a new position in shares of Lam Research in the third quarter valued at $26,000. Triumph Capital Management purchased a new position in shares of Lam Research in the third quarter valued at $27,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Lam Research in the second quarter valued at $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Lam Research in the third quarter valued at $40,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LRCX. Citic Securities raised their target price on shares of Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 30th. Mizuho set a $380.00 price objective on shares of Lam Research and gave the stock an “outperform” rating in a research note on Wednesday. Erste Group Bank lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Bank of America lifted their price objective on shares of Lam Research from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, Wall Street Zen lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $295.07.

Lam Research Stock Down 1.2%

NASDAQ LRCX opened at $318.93 on Thursday. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average of $260.18 and a two-hundred day moving average of $218.99. The firm has a market capitalization of $398.84 billion, a price-to-earnings ratio of 60.18, a PEG ratio of 2.67 and a beta of 1.81. Lam Research Corporation has a 52 week low of $79.49 and a 52 week high of $333.33.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 23.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. 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 earnings per share for the current year.

Lam Research Dividend Announcement

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

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 53,205 shares of the company’s stock, valued at $13,762,005.30. The trade was a 10.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Neil J. Fernandes sold 18,170 shares of the business’s stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 66,129 shares of the company’s stock, valued at approximately $16,872,153.06. This trade 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. Insiders sold a total of 120,066 shares of company stock valued at $27,953,242 in the last three months. Company insiders own 0.31% of the company’s stock.

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.