Contravisory Investment Management Inc. Has $1.09 Million Stock Position in Lam Research Corporation $LRCX

Contravisory Investment Management Inc. raised its position in Lam Research Corporation (NASDAQ:LRCX) by 154.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,125 shares of the semiconductor company’s stock after acquiring an additional 3,108 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Lam Research were worth $1,095,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LRCX. Tower View Wealth Management LLC bought a new position in shares of Lam Research in the first quarter valued at about $1,532,000. Silver Oak Securities Incorporated increased its position in shares of Lam Research by 93.9% in the first quarter. Silver Oak Securities Incorporated now owns 6,927 shares of the semiconductor company’s stock worth $1,480,000 after purchasing an additional 3,354 shares during the period. Fiduciary Alliance LLC lifted its holdings in shares of Lam Research by 6.3% during the 1st quarter. Fiduciary Alliance LLC now owns 4,014 shares of the semiconductor company’s stock worth $858,000 after acquiring an additional 239 shares during the period. Arta Finance Wealth Management LLC lifted its stake in Lam Research by 4.9% during the first quarter. Arta Finance Wealth Management LLC now owns 1,776 shares of the semiconductor company’s stock worth $379,000 after purchasing an additional 83 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its stake in Lam Research by 34.5% in the first quarter. Ritholtz Wealth Management now owns 42,606 shares of the semiconductor company’s stock valued at $9,103,000 after buying an additional 10,939 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting 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.

Insider Activity

In related news, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction dated 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 owned 53,205 shares in the company, valued at $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Neil J. Fernandes sold 7,659 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the transaction, the senior vice president owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 86,339 shares of company stock valued at $27,680,267. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on LRCX. Evercore boosted their target price on shares of Lam Research from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Wall Street Zen cut shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Berenberg Bank boosted their price target on shares of Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Mizuho set a $380.00 price objective on shares of Lam Research and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Twenty-eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $334.43.

Lam Research Stock Performance

Shares of LRCX stock opened at $401.82 on Friday. The stock has a 50 day moving average price of $311.62 and a two-hundred day moving average price of $248.67. Lam Research Corporation has a fifty-two week low of $90.93 and a fifty-two week high of $409.75. 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 company has a market capitalization of $502.50 billion, a P/E 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 results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter last year, the firm earned $1.04 EPS. The company’s revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Analysts expect that Lam Research Corporation will post 5.7 earnings per share for the current year.

Lam Research Announces Dividend

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

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.