TD Waterhouse Canada Inc. Purchases 40,545 Shares of Lam Research Corporation $LRCX

TD Waterhouse Canada Inc. lifted its holdings in Lam Research Corporation (NASDAQ:LRCX) by 145.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,335 shares of the semiconductor company’s stock after buying an additional 40,545 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Lam Research were worth $11,690,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. PMV Capital Advisers LLC bought a new stake in Lam Research during the 4th quarter valued at about $25,000. Stance Capital LLC purchased a new stake in shares of Lam Research during the third quarter valued at $26,000. Triumph Capital Management bought a new position in Lam Research during the 3rd quarter valued at about $27,000. Harbor Investment Advisory LLC grew its stake in shares of Lam Research by 73.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 102 shares during the period. Finally, Elevated Capital Advisors LLC purchased a new position in shares of Lam Research during the fourth quarter valued at approximately $46,000. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling

In related news, insider Ava Harter sold 1,500 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $222.66, for a total transaction of $333,990.00. Following the completion of the transaction, the insider owned 53,205 shares in the company, valued at $11,846,625.30. The trade was a 2.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of the 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 in the company, valued at approximately $242,334,371.15. The trade was a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 130,886 shares of company stock valued at $29,658,802. Insiders own 0.31% of the company’s stock.

Lam Research Trading Down 1.7%

LRCX stock opened at $263.16 on Tuesday. Lam Research Corporation has a twelve month low of $61.14 and a twelve month high of $273.50. The stock has a market capitalization of $328.63 billion, a price-to-earnings ratio of 53.93, a price-to-earnings-growth ratio of 2.85 and a beta of 1.78. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. The firm’s fifty day simple moving average is $232.56 and its two-hundred day simple moving average is $195.31.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, analysts anticipate that Lam Research Corporation will post 5.3 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, March 4th. Lam Research’s dividend payout ratio is presently 21.31%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LRCX shares. Zacks Research downgraded Lam Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Sanford C. Bernstein upped their target price on shares of Lam Research from $275.00 to $285.00 and gave the company an “outperform” rating in a report on Monday, February 9th. New Street Research lifted their price target on shares of Lam Research from $140.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 31st. Evercore set a $275.00 price objective on Lam Research in a research note on Thursday, January 29th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $265.00 price objective on shares of Lam Research in a research note on Thursday, January 29th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and an average target price of $247.26.

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.