Lam Research Corporation $LRCX Shares Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. increased its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 50.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,383 shares of the semiconductor company’s stock after purchasing an additional 12,574 shares during the quarter. Meeder Asset Management Inc.’s holdings in Lam Research were worth $7,987,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in LRCX. PMV Capital Advisers LLC acquired a new position in shares of Lam Research during the fourth quarter valued at approximately $25,000. Bayban bought a new position in Lam Research during the 4th quarter valued at $26,000. Vermillion Wealth Management Inc. bought a new position in Lam Research during the 1st quarter valued at $26,000. Cedar Mountain Advisors LLC increased its position in shares of Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 85 shares during the period. Finally, Triumph Capital Management acquired a new position in shares of Lam Research during the 3rd quarter valued at $27,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

LRCX opened at $313.30 on Monday. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The firm has a market cap of $391.80 billion, a PE ratio of 59.11, a P/E/G ratio of 1.86 and a beta of 1.80. The business has a fifty day simple moving average of $339.57 and a 200-day simple moving average of $269.60. Lam Research Corporation has a fifty-two week low of $90.93 and a fifty-two week high of $438.50.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period in the previous year, the firm earned $1.04 earnings per share. Lam Research’s revenue for the quarter 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 predict that Lam Research Corporation will post 5.68 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed 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. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research’s payout ratio is presently 19.62%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LRCX. Morgan Stanley upped their price objective on Lam Research from $331.00 to $404.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Evercore lifted their target price on Lam Research from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Needham & Company LLC upped their price target on shares of Lam Research from $300.00 to $390.00 and gave the company a “buy” rating in a report on Friday, July 10th. Erste Group Bank downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Cantor Fitzgerald set a $500.00 price objective on shares of Lam Research and gave the company an “overweight” rating in a research report on Monday, June 29th. Twenty-eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $358.67.

Insider Buying and Selling

In other news, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the transaction, the senior vice president directly owned 58,470 shares of the company’s stock, valued at $18,102,312. This trade represents a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 business’s stock in a transaction that occurred on 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 sale, the insider owned 53,205 shares in the company, valued at $13,762,005.30. This represents a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 104,621 shares of company stock worth $33,804,737 in the last quarter. 0.31% of the stock is currently owned by corporate insiders.

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.