Consolidated Capital Management LLC purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 17,723 shares of the semiconductor company’s stock, valued at approximately $3,034,000.
Several other institutional investors also recently added to or reduced their stakes in the company. AXS Investments LLC acquired a new position in shares of Lam Research in the fourth quarter valued at approximately $55,000. Essex Financial Services Inc. increased its holdings in shares of Lam Research by 3.5% in the fourth quarter. Essex Financial Services Inc. now owns 6,994 shares of the semiconductor company’s stock valued at $1,197,000 after purchasing an additional 235 shares during the period. Railway Pension Investments Ltd acquired a new position in shares of Lam Research in the fourth quarter valued at approximately $178,284,000. Core Wealth Advisors LLC acquired a new position in shares of Lam Research in the fourth quarter valued at approximately $29,000. Finally, MUFG Securities EMEA plc increased its holdings in shares of Lam Research by 86.2% in the fourth quarter. MUFG Securities EMEA plc now owns 188,492 shares of the semiconductor company’s stock valued at $32,266,000 after purchasing an additional 87,267 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.
Lam Research Trading Up 0.1%
Shares of LRCX stock opened at $318.18 on Friday. The business’s fifty day moving average price is $263.88 and its 200 day moving average price is $220.80. Lam Research Corporation has a 1-year low of $79.49 and a 1-year high of $333.33. The firm has a market capitalization of $397.91 billion, a PE ratio of 60.03, a P/E/G ratio of 2.63 and a beta of 1.81. 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 Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research’s payout ratio is presently 19.62%.
Insiders Place Their Bets
In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the sale, the chief financial officer directly owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction on 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 sale, the insider owned 53,205 shares in the company, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 120,066 shares of company stock worth $27,953,242. 0.31% of the stock is owned by corporate insiders.
Trending Headlines about Lam Research
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Lam Research hit a new 12-month high, reinforcing strong momentum in the shares and signaling continued investor demand for semiconductor equipment stocks.
- Positive Sentiment: Mizuho Securities reiterated its Buy rating on Lam Research, which supports the stock’s bullish trading tone.
- Positive Sentiment: Options activity showed unusually heavy interest in Lam Research, with investors reportedly favoring short put positions, a sign some traders expect the stock to hold up or rise further.
- Positive Sentiment: Broader semiconductor commentary remained constructive, as Applied Materials’ CEO said AI-driven demand is creating the strongest period ever for the chip equipment industry, a favorable backdrop for Lam Research.
- Neutral Sentiment: Recent articles noted Lam Research’s strong technical run and high valuation, suggesting momentum is powerful but the stock may be vulnerable to volatility if expectations cool.
- Negative Sentiment: Some market commentary questioned whether the semiconductor rally is getting ahead of fundamentals, warning that chip stocks could face a pullback if the current “supercycle” narrative weakens.
Analyst Ratings Changes
A number of research analysts have recently issued reports on LRCX shares. Evercore boosted their target price on Lam Research from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Weiss Ratings lowered Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Sanford C. Bernstein boosted their target price on Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Barclays set a $275.00 target price on Lam Research and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Finally, BNP Paribas Exane boosted their target price on Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Twenty-seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $295.07.
Get Our Latest Report on Lam Research
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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