Kestra Private Wealth Services LLC lessened its stake in Lam Research Corporation (NASDAQ:LRCX – Free Report) by 18.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 25,461 shares of the semiconductor company’s stock after selling 5,715 shares during the period. Kestra Private Wealth Services LLC’s holdings in Lam Research were worth $5,440,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Lam Research by 0.4% in the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock valued at $8,024,684,000 after buying an additional 265,805 shares during the period. Geode Capital Management LLC boosted its holdings in Lam Research by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock valued at $5,764,117,000 after acquiring an additional 126,613 shares during the last quarter. Invesco Ltd. boosted its holdings in Lam Research by 7.7% in the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock valued at $3,906,559,000 after acquiring an additional 1,638,406 shares during the last quarter. Norges Bank acquired a new stake in Lam Research in the fourth quarter worth about $3,645,427,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Lam Research by 352.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock worth $2,344,347,000 after purchasing an additional 10,666,540 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on LRCX shares. Stifel Nicolaus upped their target price on shares of Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Zacks Research downgraded shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Mizuho set a $380.00 price objective on shares of Lam Research and gave the company an “outperform” rating in a report on Wednesday, May 27th. HSBC raised their price objective 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, Susquehanna upped their target price on shares of Lam Research from $350.00 to $385.00 and gave the company a “positive” rating in a research report on Thursday, April 23rd. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $334.43.
Insiders Place Their Bets
In other Lam Research news, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was 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 of the company’s stock, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Neil J. Fernandes sold 18,170 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the sale, the senior vice president owned 66,129 shares of the company’s stock, valued at $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 86,339 shares of company stock worth $27,680,267. Corporate insiders own 0.31% of the company’s stock.
Lam Research Stock Performance
Shares of NASDAQ:LRCX opened at $379.09 on Friday. The firm’s 50 day simple moving average is $313.90 and its 200 day simple moving average is $249.58. 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 market capitalization of $474.08 billion, a price-to-earnings ratio of 71.53, a P/E/G ratio of 3.31 and a beta of 1.85. 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 – Get Free Report) last posted its 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. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period last year, the business posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts forecast that Lam Research Corporation will post 5.7 earnings per share for the current year.
Lam Research Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be issued a dividend of $0.26 per share. 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 currently 19.62%.
Key Lam Research News
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Wells Fargo raised its price target on Lam Research to $450 from $365 and kept an Overweight rating, signaling continued confidence in the company’s growth outlook and semiconductor capital equipment demand. Wells Fargo Raises its Price Target on Lam Research (LRCX)
- Positive Sentiment: Lam Research was highlighted by Zacks as a stock to watch, citing earnings growth and price strength, which may reinforce investor optimism around the stock’s momentum. Earnings Growth & Price Strength Make Lam Research (LRCX) a Stock to Watch
- Positive Sentiment: Micron’s strong earnings and upbeat memory-chip outlook lifted chip stocks broadly, while Lam Research gained attention for opening a Boise office to get closer to Micron’s memory expansion plans, underscoring its exposure to a key growth customer. Lam Research (LRCX) Opens Boise Office To Get Closer To Micron’s Memory Expansion
- Positive Sentiment: Lam Research was among the after-hours gainers alongside other semiconductor names, reflecting broader enthusiasm for AI chip stocks and improving sentiment across the sector. Top After-Hours Gainers Today Beyond Micron: QCOM, AMAT, LRCX Surge
- Neutral Sentiment: Brokerage data showed Lam Research with an average “Moderate Buy” recommendation, which supports a constructive but not especially new fundamental outlook. Lam Research Corporation (NASDAQ:LRCX) Receives Average Recommendation of “Moderate Buy” from Brokerages
- Neutral Sentiment: A report on short interest noted no meaningful short-interest build, so it does not appear to be a major driver for the stock.
Lam Research 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.
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