TrustBank acquired a new stake in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) during the 4th quarter, Holdings Channel reports. The fund acquired 3,135 shares of the semiconductor company’s stock, valued at approximately $537,000.
Other institutional investors also recently bought and sold shares of the company. PMV Capital Advisers LLC purchased a new position in Lam Research during the fourth quarter valued at $25,000. Stance Capital LLC purchased a new position in Lam Research during the third quarter valued at $26,000. Triumph Capital Management purchased a new position in Lam Research during the third quarter valued at $27,000. Harbor Investment Advisory LLC grew its stake in Lam Research by 73.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 102 shares in the last quarter. Finally, WealthCollab LLC grew its stake in Lam Research by 29.3% during the fourth quarter. WealthCollab LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 55 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Bank of America raised their target price on shares of Lam Research from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Citigroup reaffirmed a “buy” rating and set a $315.00 target price (up from $300.00) on shares of Lam Research in a research note on Thursday, April 23rd. Oppenheimer reaffirmed an “outperform” rating and set a $330.00 target price on shares of Lam Research in a research note on Thursday, April 23rd. B. Riley Financial raised their target price 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 target price on shares of Lam Research in a research note on Thursday, April 23rd. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $293.46.
Insider Activity at Lam Research
In related news, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the transaction, the chief financial officer directly owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ava Harter sold 6,010 shares of the company’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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 120,066 shares of company stock worth $27,953,242. Insiders own 0.31% of the company’s stock.
Lam Research Stock Performance
Shares of NASDAQ:LRCX opened at $322.68 on Wednesday. Lam Research Corporation has a 52 week low of $79.49 and a 52 week high of $323.98. The stock has a market capitalization of $403.53 billion, a P/E ratio of 60.88, a PEG ratio of 2.53 and a beta of 1.81. The firm has a fifty day simple moving average of $258.19 and a two-hundred day simple moving average of $217.89. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.
Lam Research (NASDAQ:LRCX – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 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 during the quarter, compared to analysts’ expectations of $5.70 billion. During the same period last year, the company posted $1.04 EPS. The business’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. On average, analysts expect that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.
Lam Research Announces Dividend
The company 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 dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research’s dividend payout ratio is presently 19.62%.
About Lam Research
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.
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