Elevation Point Wealth Partners LLC Buys 8,209 Shares of Lam Research Corporation $LRCX

Elevation Point Wealth Partners LLC lifted its stake in Lam Research Corporation (NASDAQ:LRCX) by 476.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,931 shares of the semiconductor company’s stock after purchasing an additional 8,209 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Lam Research were worth $1,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of LRCX. Brighton Jones LLC increased its stake in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 12,936 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Lam Research during the first quarter valued at approximately $239,000. Meridian Wealth Management LLC increased its position in shares of Lam Research by 11.6% during the second quarter. Meridian Wealth Management LLC now owns 10,859 shares of the semiconductor company’s stock valued at $1,057,000 after acquiring an additional 1,127 shares in the last quarter. Cetera Investment Advisers raised its holdings in Lam Research by 5.1% in the 2nd quarter. Cetera Investment Advisers now owns 371,749 shares of the semiconductor company’s stock worth $36,186,000 after acquiring an additional 18,157 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in Lam Research by 22.2% in the 2nd quarter. Avantax Advisory Services Inc. now owns 57,832 shares of the semiconductor company’s stock valued at $5,629,000 after acquiring an additional 10,496 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX opened at $219.40 on Tuesday. The firm has a market capitalization of $273.98 billion, a P/E ratio of 44.96, a PEG ratio of 2.28 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. Lam Research Corporation has a one year low of $56.32 and a one year high of $256.68. The business has a fifty day moving average of $225.24 and a 200 day moving average of $174.48.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be given a $0.26 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 0.5%. Lam Research’s dividend payout ratio (DPR) is presently 21.31%.

Insiders Place Their Bets

In related news, CFO Douglas R. Bettinger sold 50,057 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the transaction, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. This trade represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction on Friday, February 6th. The shares were sold at an average price of $225.60, for a total value of $7,896,000.00. Following the transaction, the director owned 253,705 shares in the company, valued at $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 130,886 shares of company stock worth $29,658,802. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on LRCX. Jefferies Financial Group reissued a “buy” rating and issued a $200.00 target price (up from $175.00) on shares of Lam Research in a report on Monday, December 15th. The Goldman Sachs Group set a $262.00 price objective on Lam Research and gave the company a “buy” rating in a research report on Thursday, January 29th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $320.00 price objective (up from $265.00) on shares of Lam Research in a report on Thursday, January 29th. Barclays boosted their target price on Lam Research from $250.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 10th. Finally, Citigroup upped their target price on shares of Lam Research from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $245.35.

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.