Oak Associates Ltd. OH Decreases Position in Lam Research Corporation $LRCX

Oak Associates Ltd. OH decreased its position in Lam Research Corporation (NASDAQ:LRCX) by 19.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 44,821 shares of the semiconductor company’s stock after selling 10,617 shares during the period. Oak Associates Ltd. OH’s holdings in Lam Research were worth $9,576,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bayban purchased a new stake in shares of Lam Research in the 4th quarter worth about $26,000. Vermillion Wealth Management Inc. purchased a new position in Lam Research during the 1st quarter valued at about $26,000. Cedar Mountain Advisors LLC increased its holdings in Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 85 shares in the last quarter. Triumph Capital Management acquired a new position in Lam Research during the third quarter worth about $27,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in Lam Research during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insiders Place Their Bets

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction on Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the sale, the director owned 87,142 shares of the company’s stock, valued at $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 18,170 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the transaction, the senior vice president owned 66,129 shares of the company’s stock, valued at $16,872,153.06. The trade was a 21.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 104,621 shares of company stock valued at $33,804,737. Insiders own 0.31% of the company’s stock.

More Lam Research News

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

• Positive Sentiment: Lam Research is being highlighted as one of the semiconductor names likely to benefit from the ongoing AI infrastructure buildout, with investors continuing to favor chip equipment companies tied to advanced manufacturing. Billionaire Investor Philippe Laffont’s Top 5 Tech Picks
• Positive Sentiment: Recent coverage says Lam Research heads into its next earnings report with the ingredients for a possible beat, suggesting expectations are constructive ahead of results. Lam Research (LRCX) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Positive Sentiment: Wall Street’s generally bullish view on Lam Research is another supportive factor, with analyst sentiment implying confidence in the company’s longer-term fundamentals. Is It Worth Investing in Lam Research (LRCX) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Lam Research recently joined the AI Materials Foundry as a founding partner, reinforcing its AI relevance, but the article also notes that the stock has cooled recently after a strong run. Lam Research (LRCX) Following AI Materials Foundry Move Looks About Right
• Neutral Sentiment: Broader semiconductor optimism remains intact, with semiconductor ETFs up sharply this year and investors watching Intel’s earnings as a read-through for the group. Semiconductor ETFs Surge Ahead of Intel Earnings
• Negative Sentiment: Some market commentary points to profit-taking in technology stocks ahead of major earnings releases, which can weigh on sentiment across the semiconductor sector, including Lam Research. Nasdaq slips and Dow climbs as investors brace for big tech earnings, Super Micro surges

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $319.78 on Friday. The company has a 50-day simple moving average of $341.33 and a 200-day simple moving average of $273.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The company has a market cap of $399.91 billion, a PE ratio of 60.34, a price-to-earnings-growth ratio of 1.90 and a beta of 1.80. Lam Research Corporation has a 12 month low of $90.93 and a 12 month high of $438.50.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) 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 the consensus estimate of $5.70 billion. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The company’s quarterly revenue was up 23.8% compared to the same quarter last year. On average, equities analysts anticipate that Lam Research Corporation will post 5.68 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were issued a $0.26 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research’s payout ratio is 19.62%.

Wall Street Analyst Weigh In

Several analysts have recently commented on LRCX shares. Stifel Nicolaus increased their price target on shares of Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Wall Street Zen downgraded Lam Research from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Deutsche Bank Aktiengesellschaft upped their target price on Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Wells Fargo & Company reiterated an “overweight” rating and set a $450.00 target price (up from $365.00) on shares of Lam Research in a report on Monday, June 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $290.00 price target on shares of Lam Research in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $360.51.

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.