Hennion & Walsh Asset Management Inc. Grows Stock Holdings in Lam Research Corporation $LRCX

Hennion & Walsh Asset Management Inc. raised its holdings in Lam Research Corporation (NASDAQ:LRCX) by 5.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 71,213 shares of the semiconductor company’s stock after acquiring an additional 3,750 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Lam Research were worth $12,190,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in LRCX. PMV Capital Advisers LLC purchased a new stake in shares of Lam Research in the fourth quarter valued at $25,000. Stance Capital LLC purchased a new position in Lam Research during the third quarter worth about $26,000. Triumph Capital Management acquired a new stake in Lam Research in the 3rd quarter worth about $27,000. Harbor Investment Advisory LLC boosted its stake in Lam Research by 73.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock worth $41,000 after buying an additional 102 shares during the last quarter. Finally, Howard Hughes Medical Institute purchased a new stake in Lam Research in the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LRCX. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $290.00 price objective (up from $260.00) on shares of Lam Research in a research note on Thursday, January 29th. Stifel Nicolaus raised their target price on shares of Lam Research from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Barclays upped their price target on shares of Lam Research from $250.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 10th. HSBC increased their price target on shares of Lam Research from $181.00 to $221.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Finally, Wells Fargo & Company lifted their price target on shares of Lam Research from $250.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. One 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $245.35.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $211.41 on Monday. The stock has a 50-day simple moving average of $227.81 and a 200-day simple moving average of $182.41. The stock has a market capitalization of $264.00 billion, a P/E ratio of 43.32, a PEG ratio of 2.28 and a beta of 1.77. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $256.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26.

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

Lam Research Announces Dividend

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

Insider Activity at Lam Research

In related news, Director Eric Brandt sold 35,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the sale, the director directly owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This represents a 12.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ava Harter sold 4,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $232.50, for a total value of $930,000.00. Following the transaction, the insider owned 54,705 shares in the company, valued at approximately $12,718,912.50. This represents a 6.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 130,886 shares of company stock worth $29,658,802. 0.31% of the stock is currently owned by corporate insiders.

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.