Lam Research Corporation $LRCX Shares Sold by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd cut its stake in Lam Research Corporation (NASDAQ:LRCX) by 19.2% in the fourth quarter, Holdings Channel reports. The firm owned 10,914 shares of the semiconductor company’s stock after selling 2,586 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Lam Research were worth $1,868,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. PMV Capital Advisers LLC acquired a new stake in Lam Research in the 4th quarter worth approximately $25,000. Stance Capital LLC acquired a new stake in Lam Research in the 3rd quarter worth approximately $26,000. Triumph Capital Management acquired a new stake in Lam Research in the 3rd quarter worth approximately $27,000. Strategic Wealth Investment Group LLC acquired a new stake in Lam Research in the 2nd quarter worth approximately $29,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Lam Research in the 3rd quarter worth approximately $40,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $305.35 on Friday. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a 12 month low of $79.49 and a 12 month high of $309.98. The company has a 50 day simple moving average of $254.07 and a two-hundred day simple moving average of $215.35. The stock has a market cap of $381.86 billion, a price-to-earnings ratio of 57.61, a PEG ratio of 2.53 and a beta of 1.81.

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. The business had revenue of $5.84 billion during 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 business’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, analysts predict that Lam Research Corporation will post 5.67 earnings per share for the current year.

Lam Research Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LRCX. Sanford C. Bernstein lifted their target price on shares of Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a research note on Thursday. B. Riley Financial lifted their price objective on shares of Lam Research from $350.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Berenberg Bank lifted their price objective on shares of Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Finally, HSBC lifted their price objective on shares of Lam Research from $221.00 to $247.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $293.46.

Trending Headlines about Lam Research

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

• Positive Sentiment: Analysts continue to sound optimistic, with Sanford C. Bernstein raising its price target on Lam Research to $340 from $325 and reiterating an outperform rating, implying further upside from current levels.
• Positive Sentiment: The company is benefiting from strong AI-related chip demand, which is driving customers to buy more wafer fabrication equipment and supporting the stock’s strong year-to-date run.
• Positive Sentiment: Lam Research said it is adding AI and sensing capabilities to its chipmaking tools and expanding U.S. operations in Arizona and California, a sign it is positioning itself for longer-term growth in advanced semiconductor manufacturing. Article: Lam Research focused on adding AI to chipmaking tools as it eyes US expansion, CEO says
• Positive Sentiment: The company launched a new research lab in Salzburg focused on panel-level chip packaging, aiming to improve chip density and reduce packaging costs as AI demand rises.

Insider Activity

In other news, SVP Neil J. Fernandes sold 18,170 shares of Lam Research stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the completion of the transaction, the senior vice president directly owned 66,129 shares of the company’s stock, valued at $16,872,153.06. The trade was a 21.55% decrease in their position. The transaction was disclosed in a document filed 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, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction that occurred 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 transaction, the insider directly owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 120,066 shares of company stock valued at $27,953,242 in the last three months. 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.