Jennison Associates LLC Raises Stock Position in Lam Research Corporation $LRCX

Jennison Associates LLC increased its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 296.9% during the first quarter, HoldingsChannel.com reports. The fund owned 3,373,306 shares of the semiconductor company’s stock after acquiring an additional 2,523,351 shares during the period. Jennison Associates LLC’s holdings in Lam Research were worth $720,740,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC increased its holdings in shares of Lam Research by 7.9% in the first quarter. Valued Wealth Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 43 shares during the period. Greenup Street Wealth Management LLC raised its holdings in shares of Lam Research by 1.8% in the 1st quarter. Greenup Street Wealth Management LLC now owns 2,433 shares of the semiconductor company’s stock valued at $520,000 after acquiring an additional 44 shares in the last quarter. Triumph Capital Management boosted its position in shares of Lam Research by 22.5% during the 4th quarter. Triumph Capital Management now owns 245 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 45 shares during the last quarter. Traphagen Investment Advisors LLC grew its holdings in shares of Lam Research by 2.4% during the fourth quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock worth $336,000 after purchasing an additional 46 shares in the last quarter. Finally, Sachetta LLC grew its holdings in shares of Lam Research by 13.3% during the first quarter. Sachetta LLC now owns 393 shares of the semiconductor company’s stock worth $84,000 after purchasing an additional 46 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Lam Research Trading Down 2.4%

Shares of LRCX opened at $313.30 on Friday. Lam Research Corporation has a fifty-two week low of $90.93 and a fifty-two week high of $438.50. The firm has a market cap of $391.80 billion, a price-to-earnings ratio of 59.11, a PEG ratio of 1.85 and a beta of 1.80. The firm has a 50 day moving average price of $339.57 and a 200-day moving average price of $268.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last issued its 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 company 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 firm’s revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities research analysts forecast that Lam Research Corporation will post 5.68 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders 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 dividend yield of 0.3%. Lam Research’s payout ratio is currently 19.62%.

Insider Buying and Selling

In related news, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the transaction, the director directly owned 87,142 shares in the company, valued at $29,192,570. This trade represents a 17.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Lam Research stock in a transaction that occurred on Friday, May 1st. The stock was 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 directly owned 66,129 shares in the company, valued at $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 104,621 shares of company stock worth $33,804,737 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. UBS Group reiterated a “buy” rating and set a $375.00 target price (up from $310.00) on shares of Lam Research in a research report on Tuesday, June 9th. Erste Group Bank cut shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $290.00 price objective on shares of Lam Research in a report on Thursday, April 23rd. Wall Street Zen cut Lam Research from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Citigroup reaffirmed a “buy” rating and set a $450.00 price target (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. Twenty-eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $358.67.

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.