Resona Asset Management Co. Ltd. increased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 1.3% in the first quarter, Holdings Channel.com reports. The fund owned 418,909 shares of the semiconductor company’s stock after buying an additional 5,286 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Lam Research were worth $88,464,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Greenup Street Wealth Management LLC increased its stake in Lam Research by 1.8% in the first quarter. Greenup Street Wealth Management LLC now owns 2,433 shares of the semiconductor company’s stock worth $520,000 after purchasing an additional 44 shares during the period. Triumph Capital Management lifted its position in shares of Lam Research by 22.5% during the fourth quarter. Triumph Capital Management now owns 245 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 45 shares during the last quarter. Traphagen Investment Advisors LLC boosted its stake in shares of Lam Research by 2.4% during the fourth quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 46 shares during the period. Simplify Asset Management Inc. boosted its stake in shares of Lam Research by 3.2% during the first quarter. Simplify Asset Management Inc. now owns 1,526 shares of the semiconductor company’s stock valued at $326,000 after purchasing an additional 48 shares during the period. Finally, Bank of Jackson Hole Trust grew its holdings in shares of Lam Research by 12.6% in the fourth quarter. Bank of Jackson Hole Trust now owns 428 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.
Key Headlines Impacting Lam Research
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Lam Research announced it will host its June-quarter financial conference call and webcast on July 29, giving investors a near-term event to watch for results and guidance. Lam Research Corporation Announces June Quarter Financial Conference Call
- Positive Sentiment: Recent commentary from analysts and market coverage continues to describe LRCX as a strong long-term stock, reflecting confidence in demand tied to AI, advanced chips, and wafer-fab equipment spending. Why Lam Research (LRCX) is a top stock for the long term
- Positive Sentiment: Wall Street price targets remain constructive, with several firms recently reiterating buy or outperform ratings and targets above the current trading range, which can help support the stock. Why Lam Research (LRCX) is a Top Stock for the Long-Term
- Neutral Sentiment: Lam Research was added to the Russell Top 50, which can affect index-related trading flows over time but is not an immediate earnings driver. Lam Research (LRCX) Joins Russell Top 50 On An AI Narrative That Looks Fully Valued
- Neutral Sentiment: The company’s conference call announcement does not change fundamentals by itself, but it could increase attention ahead of the next earnings report. Lam Research Corporation Announces June Quarter Financial Conference Call
- Negative Sentiment: LRCX fell sharply in the prior session as semiconductor equipment stocks sold off broadly, with investors taking profits and questioning whether AI infrastructure spending momentum may cool at the margin. Lam Research (LRCX) Dips More Than Broader Market: What You Should Know
Insider Buying and Selling
Lam Research Stock Up 2.2%
Shares of Lam Research stock opened at $333.15 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The stock has a market cap of $416.63 billion, a price-to-earnings ratio of 62.86, a PEG ratio of 1.94 and a beta of 1.80. The firm’s 50-day moving average is $330.82 and its two-hundred day moving average is $261.73. Lam Research Corporation has a 1 year low of $90.93 and a 1 year high of $438.50.
Lam Research (NASDAQ:LRCX – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $5.70 billion. During the same quarter in the previous year, the business posted $1.04 EPS. The company’s quarterly revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, research analysts expect that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.
Lam Research Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. Lam Research’s payout ratio is 19.62%.
Analyst Ratings Changes
Several research analysts recently commented on LRCX shares. B. Riley Financial raised their price target on shares of Lam Research from $350.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Cantor Fitzgerald set a $500.00 target price on shares of Lam Research and gave the stock an “overweight” rating in a research note on Monday, June 29th. Seaport Research Partners started coverage on shares of Lam Research in a research report on Monday, May 4th. They set a “buy” rating and a $300.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Citigroup reiterated a “buy” rating and issued a $450.00 price target (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. Twenty-eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $347.75.
Get Our Latest Research Report on Lam Research
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.
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