Stokes Capital Advisors LLC Purchases Shares of 1,323 Lam Research Corporation $LRCX

Stokes Capital Advisors LLC purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 1,323 shares of the semiconductor company’s stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LRCX. PMV Capital Advisers LLC purchased a new stake in Lam Research in the fourth quarter worth approximately $25,000. Stance Capital LLC bought a new position in Lam Research during the 3rd quarter worth approximately $26,000. Bayban bought a new position in Lam Research during the 4th quarter worth approximately $26,000. Vermillion Wealth Management Inc. purchased a new position in Lam Research in the 1st quarter worth approximately $26,000. Finally, Triumph Capital Management purchased a new position in Lam Research in the 3rd quarter worth approximately $27,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Price Performance

LRCX stock opened at $401.82 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 firm has a 50 day moving average price of $311.62 and a 200-day moving average price of $248.67. Lam Research Corporation has a 52-week low of $90.93 and a 52-week high of $409.75. The firm has a market capitalization of $502.50 billion, a price-to-earnings ratio of 75.82, a PEG ratio of 3.09 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last announced 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. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same period in the prior year, the firm posted $1.04 EPS. Lam Research’s revenue for the quarter was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities research analysts forecast that Lam Research Corporation will post 5.7 EPS for the current fiscal year.

Lam Research Announces Dividend

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

Insider Activity at Lam Research

In other news, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the sale, the insider 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the sale, the senior vice president directly owned 58,470 shares of the company’s stock, valued at $18,102,312. This represents a 11.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 86,339 shares of company stock worth $27,680,267. 0.31% of the stock is owned by company insiders.

Trending Headlines about Lam Research

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

• Positive Sentiment: Lam Research opened a new Boise office to get closer to Micron’s memory expansion, reinforcing its role as a key supplier in advanced memory manufacturing and signaling deeper customer engagement. Lam Research (LRCX) Opens Boise Office To Get Closer To Micron’s Memory Expansion
• Positive Sentiment: Micron’s strong quarterly earnings and upbeat outlook are helping push chip stocks higher, which supports sentiment for Lam Research because it supplies equipment used in memory chip production. Micron Q3 earnings beat sends stock surging 18% premarket
• Positive Sentiment: Wells Fargo raised its price target on Lam Research to $450 from $365 and kept an Overweight rating, reflecting growing confidence in semiconductor capital equipment demand. Wells Fargo Raises its Price Target on Lam Research (LRCX)
• Positive Sentiment: Lam Research received an average brokerage recommendation of “Moderate Buy,” adding to the bullish analyst backdrop. Lam Research Corporation (NASDAQ:LRCX) Receives Average Recommendation of “Moderate Buy” from Brokerages
• Neutral Sentiment: Lam Research was said to have “short interest” data showing 0 shares, which appears to be a data anomaly and does not provide a meaningful trading signal.

Analyst Ratings Changes

Several brokerages recently commented on LRCX. Rothschild & Co Redburn lifted their target price on shares of Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Evercore increased their price target on shares of Lam Research from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. BNP Paribas Exane raised their price target on shares of Lam Research from $250.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Berenberg Bank boosted their price objective on shares of Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group upped their price objective on shares of Lam Research from $285.00 to $315.00 and gave the company a “buy” 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $334.43.

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.