Fifth Third Bancorp raised its holdings in Lam Research Corporation (NASDAQ:LRCX – Free Report) by 138.2% during the first quarter, HoldingsChannel.com reports. The fund owned 353,969 shares of the semiconductor company’s stock after purchasing an additional 205,354 shares during the period. Fifth Third Bancorp’s holdings in Lam Research were worth $75,629,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC boosted its stake in shares of Lam Research by 7.9% in the 1st quarter. Valued Wealth Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 43 shares in the last quarter. Greenup Street Wealth Management LLC increased its position in Lam Research by 1.8% during the 1st 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 in the last quarter. Triumph Capital Management increased its position in Lam Research by 22.5% during the 4th quarter. Triumph Capital Management now owns 245 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 45 shares in the last quarter. Traphagen Investment Advisors LLC lifted its stake in Lam Research by 2.4% in the 4th 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 last quarter. Finally, Sachetta LLC lifted its stake in Lam Research by 13.3% in the 1st quarter. Sachetta LLC now owns 393 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have weighed in on LRCX. Zacks Research cut shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Susquehanna reiterated a “positive” rating and issued a $475.00 price target (up from $385.00) on shares of Lam Research in a research note on Tuesday, June 30th. Raymond James Financial set a $425.00 price target on Lam Research in a research note on Wednesday, June 10th. UBS Group reissued a “buy” rating and set a $375.00 price objective (up from $310.00) on shares of Lam Research in a report on Tuesday, June 9th. Finally, Erste Group Bank lowered Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Twenty-eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $350.81.
Insiders Place Their Bets
In other Lam Research news, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the sale, the director owned 199,205 shares in the company, valued at approximately $69,881,114. The trade was a 21.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 86,339 shares of company stock valued at $27,680,267. 0.31% of the stock is currently owned by company insiders.
Lam Research Stock Performance
Shares of NASDAQ LRCX opened at $350.33 on Monday. The firm has a 50 day moving average price of $334.89 and a two-hundred day moving average price of $264.23. The stock has a market cap of $438.11 billion, a P/E ratio of 66.10, a price-to-earnings-growth ratio of 2.07 and a beta of 1.80. Lam Research Corporation has a 52-week low of $90.93 and a 52-week high of $438.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.
Lam Research (NASDAQ:LRCX – Get Free Report) last issued its quarterly earnings results 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 company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the previous year, the business earned $1.04 earnings per share. Lam Research’s 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, equities analysts forecast that Lam Research Corporation will post 5.68 EPS for the current year.
Lam Research Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research’s payout ratio is presently 19.62%.
Key Headlines Impacting Lam Research
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Mizuho raised its price target on Lam Research to $400 from $380 and kept an outperform rating, adding to the bullish analyst momentum around the stock.
- Positive Sentiment: Stifel Nicolaus boosted its target to $425 from $325 and reiterated a buy rating, citing above-consensus estimates and suggesting further upside for LRCX.
- Positive Sentiment: Needham also increased its target to $390 from $300 and maintained a buy rating, reinforcing the view that Lam Research is well positioned to benefit from AI-driven chip demand.
- Positive Sentiment: Additional coverage highlighted Lam Research as a beneficiary of broader AI infrastructure spending and possible easing of China-related chip restrictions, which could improve sentiment across semiconductor equipment names. Does AI Rebound and China Chip Access Shift Change The Bull Case For Lam Research (LRCX)?
- Neutral Sentiment: Lam Research announced that it will host its June quarter financial conference call and webcast on July 29, giving investors a near-term catalyst to watch.
- Neutral Sentiment: Short-interest data showed no meaningful change, with reported short interest at zero shares, so it does not appear to be a factor driving the move.
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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