Lam Research Corporation $LRCX Stake Lifted by Focus Partners Wealth

Focus Partners Wealth lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 1.5% during the third quarter, Holdings Channel.com reports. The fund owned 449,637 shares of the semiconductor company’s stock after purchasing an additional 6,732 shares during the period. Focus Partners Wealth’s holdings in Lam Research were worth $60,207,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute bought a new position in Lam Research during the 2nd quarter valued at $27,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Lam Research during the 2nd quarter valued at $29,000. Delos Wealth Advisors LLC bought a new stake in shares of Lam Research in the 2nd quarter worth $30,000. Country Trust Bank acquired a new stake in shares of Lam Research in the second quarter valued at $39,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Lam Research in the third quarter valued at $41,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Up 3.4%

Shares of LRCX opened at $219.40 on Tuesday. The business’s 50-day moving average price is $225.24 and its 200 day moving average price is $174.48. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $273.98 billion, a P/E ratio of 44.96, a P/E/G 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.

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

Lam Research Announces Dividend

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

Insider Buying and Selling at Lam Research

In other 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 completion of the sale, the chief financial officer owned 1,081,705 shares of the company’s stock, valued at $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 represents a 12.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,886 shares of company stock valued at $29,658,802 in the last three months. 0.31% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on LRCX. Jefferies Financial Group reaffirmed a “buy” rating and set a $200.00 target price (up from $175.00) on shares of Lam Research in a report on Monday, December 15th. Needham & Company LLC raised their price objective on shares of Lam Research from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. TD Cowen lifted their price objective on shares of Lam Research from $170.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lam Research in a report on Monday, December 29th. Finally, Wells Fargo & Company increased their target price on shares of Lam Research from $250.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $245.35.

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.