Meeder Advisory Services Inc. Buys 1,779 Shares of Lam Research Corporation $LRCX

Meeder Advisory Services Inc. boosted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 4.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 41,126 shares of the semiconductor company’s stock after buying an additional 1,779 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Lam Research were worth $8,787,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LRCX. Norges Bank acquired a new stake in shares of Lam Research in the 4th quarter valued at approximately $3,645,427,000. Price T Rowe Associates Inc. MD grew its stake in shares of Lam Research by 352.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock valued at $2,344,347,000 after buying an additional 10,666,540 shares in the last quarter. Franklin Resources Inc. increased its holdings in Lam Research by 57.0% during the fourth quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company’s stock worth $1,730,724,000 after buying an additional 3,671,073 shares during the last quarter. Corient Private Wealth LLC increased its holdings in Lam Research by 235.5% during the fourth quarter. Corient Private Wealth LLC now owns 5,199,441 shares of the semiconductor company’s stock worth $890,040,000 after buying an additional 3,649,553 shares during the last quarter. Finally, J. Stern & Co. LLP raised its position in Lam Research by 3,826.9% during the fourth quarter. J. Stern & Co. LLP now owns 3,459,377 shares of the semiconductor company’s stock worth $592,176,000 after acquiring an additional 3,371,283 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Price Performance

Shares of LRCX opened at $313.30 on Monday. The firm has a market capitalization of $391.80 billion, a PE ratio of 59.11, a PEG ratio of 1.86 and a beta of 1.80. The company’s 50-day moving average is $339.57 and its 200-day moving average is $269.60. 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.

Lam Research (NASDAQ:LRCX) last posted its 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. The company 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%. Lam Research’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities analysts forecast that Lam Research Corporation will post 5.68 EPS for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is 19.62%.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. BNP Paribas Exane boosted their price objective on shares of Lam Research from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Jefferies Financial Group upped their target price on shares of Lam Research from $285.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. HSBC raised their target price 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. Finally, Cantor Fitzgerald set a $500.00 price target on Lam Research and gave the stock an “overweight” rating in a research report on Monday, June 29th. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $358.67.

Insider Transactions at Lam Research

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of the business’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 completion of the sale, the director owned 87,142 shares in the company, valued at $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the transaction, the insider directly owned 53,205 shares in the company, valued at $13,762,005.30. The trade was a 10.15% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 104,621 shares of company stock worth $33,804,737. Insiders own 0.31% of the company’s stock.

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.