Lam Research Corporation $LRCX Shares Bought by Procyon Advisors LLC

Procyon Advisors LLC grew its position in Lam Research Corporation (NASDAQ:LRCX) by 79.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 25,618 shares of the semiconductor company’s stock after purchasing an additional 11,348 shares during the period. Procyon Advisors LLC’s holdings in Lam Research were worth $4,385,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Cyndeo Wealth Partners LLC lifted its holdings in shares of Lam Research by 73.7% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 3,538 shares of the semiconductor company’s stock valued at $606,000 after purchasing an additional 1,501 shares during the last quarter. Panoramic Capital Partners LLC acquired a new position in shares of Lam Research during the fourth quarter valued at about $248,000. Everpar Advisors LLC boosted its stake in Lam Research by 77.1% in the 4th quarter. Everpar Advisors LLC now owns 3,188 shares of the semiconductor company’s stock worth $546,000 after purchasing an additional 1,388 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Lam Research by 5.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,237 shares of the semiconductor company’s stock worth $725,000 after purchasing an additional 227 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in Lam Research by 73.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 102 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Performance

NASDAQ LRCX opened at $228.36 on Friday. The stock has a market capitalization of $285.17 billion, a price-to-earnings ratio of 46.80, a PEG ratio of 2.46 and a beta of 1.77. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $256.68. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average of $226.92 and a 200 day moving average of $177.57.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.Lam Research’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LRCX shares. Stifel Nicolaus lifted their price objective on shares of Lam Research from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Oppenheimer reissued an “outperform” rating and issued a $265.00 price objective on shares of Lam Research in a report on Thursday, January 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lam Research in a research report on Monday, December 29th. Needham & Company LLC lifted their price objective on shares of Lam Research from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, Wells Fargo & Company raised their target price on shares of Lam Research from $250.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $245.35.

Insider Buying and Selling

In other news, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the sale, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eric Brandt sold 35,000 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the transaction, the director owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is owned by corporate insiders.

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.