Lam Research Corporation $LRCX Shares Purchased by Waterfront Wealth Inc.

Waterfront Wealth Inc. boosted its stake in Lam Research Corporation (NASDAQ:LRCX) by 79.1% in the first quarter, Holdings Channel.com reports. The fund owned 3,396 shares of the semiconductor company’s stock after buying an additional 1,500 shares during the quarter. Waterfront Wealth Inc.’s holdings in Lam Research were worth $726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. PMV Capital Advisers LLC acquired a new stake in shares of Lam Research during the fourth quarter worth about $25,000. Stance Capital LLC purchased a new stake in shares of Lam Research in the 3rd quarter valued at about $26,000. Bayban acquired a new stake in shares of Lam Research in the 4th quarter valued at about $26,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Lam Research in the 1st quarter valued at about $26,000. Finally, Triumph Capital Management purchased a new position in Lam Research during the 3rd quarter worth approximately $27,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analysts Set New Price Targets

LRCX has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Royal Bank Of Canada upped their price target on shares of Lam Research from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Seaport Research Partners began coverage on shares of Lam Research in a research note on Monday, May 4th. They set a “buy” rating and a $300.00 price target for the company. Erste Group Bank downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Raymond James Financial set a $425.00 price objective on shares of Lam Research in a research note on Wednesday, June 10th. Twenty-eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $350.81.

Lam Research News Summary

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

• Positive Sentiment: Mizuho raised its price target on Lam Research to $400 from $380 and kept an outperform rating, adding to the bullish analyst momentum around the stock.
• Positive Sentiment: Stifel Nicolaus boosted its target to $425 from $325 and reiterated a buy rating, citing above-consensus estimates and suggesting further upside for LRCX.
• Positive Sentiment: Needham also increased its target to $390 from $300 and maintained a buy rating, reinforcing the view that Lam Research is well positioned to benefit from AI-driven chip demand.
• Positive Sentiment: Additional coverage highlighted Lam Research as a beneficiary of broader AI infrastructure spending and possible easing of China-related chip restrictions, which could improve sentiment across semiconductor equipment names. Does AI Rebound and China Chip Access Shift Change The Bull Case For Lam Research (LRCX)?
• Neutral Sentiment: Lam Research announced that it will host its June quarter financial conference call and webcast on July 29, giving investors a near-term catalyst to watch.
• Neutral Sentiment: Short-interest data showed no meaningful change, with reported short interest at zero shares, so it does not appear to be a factor driving the move.

Insider Activity

In related news, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the stock in a transaction dated Monday, April 27th. The stock was 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 $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 86,339 shares of company stock valued at $27,680,267 over the last quarter. Corporate insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

Shares of NASDAQ:LRCX traded down $2.84 during trading on Friday, reaching $350.33. The company had a trading volume of 6,880,746 shares, compared to its average volume of 13,276,366. Lam Research Corporation has a fifty-two week low of $90.93 and a fifty-two week high of $438.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The stock’s fifty day moving average price is $334.89 and its 200 day moving average price is $263.61. The firm has a market capitalization of $438.11 billion, a price-to-earnings ratio of 66.10, a price-to-earnings-growth ratio of 2.09 and a beta of 1.80.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same period last year, the company earned $1.04 earnings per share. The company’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. As a group, equities research analysts predict that Lam Research Corporation will post 5.68 EPS for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) 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.