USA Financial Formulas Buys Shares of 10,539 Lam Research Corporation $LRCX

USA Financial Formulas purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,539 shares of the semiconductor company’s stock, valued at approximately $1,804,000. Lam Research makes up approximately 0.3% of USA Financial Formulas’ investment portfolio, making the stock its 22nd biggest position.

A number of other institutional investors have also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership lifted its holdings in Lam Research by 781.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock worth $1,518,542,000 after buying an additional 10,053,978 shares in the last quarter. Invesco Ltd. grew its stake in shares of Lam Research by 18.2% in the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock worth $2,836,397,000 after acquiring an additional 3,263,658 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Lam Research by 108.7% in the third quarter. California Public Employees Retirement System now owns 4,526,099 shares of the semiconductor company’s stock worth $606,045,000 after acquiring an additional 2,356,897 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Lam Research by 138.6% during the third quarter. AQR Capital Management LLC now owns 3,541,230 shares of the semiconductor company’s stock worth $472,294,000 after acquiring an additional 2,056,749 shares during the period. Finally, Caisse de depot et placement du Quebec raised its stake in shares of Lam Research by 164.0% in the third quarter. Caisse de depot et placement du Quebec now owns 2,568,579 shares of the semiconductor company’s stock valued at $343,933,000 after acquiring an additional 1,595,759 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

In other news, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the sale, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ava Harter sold 1,500 shares of Lam Research stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total transaction of $333,990.00. Following the completion of the transaction, the insider directly owned 53,205 shares in the company, valued at $11,846,625.30. The trade was a 2.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 130,886 shares of company stock worth $29,658,802. 0.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Stifel Nicolaus lifted their target price on Lam Research from $250.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Susquehanna set a $325.00 price target on Lam Research and gave the stock a “positive” rating in a report on Thursday, January 29th. Barclays lifted their price objective on Lam Research from $250.00 to $255.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 10th. Morgan Stanley boosted their price objective on Lam Research from $244.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Lam Research from $165.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $245.35.

Lam Research Price Performance

Shares of LRCX opened at $211.41 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $256.68. The stock has a market cap of $264.00 billion, a PE ratio of 43.32, a price-to-earnings-growth ratio of 2.27 and a beta of 1.77. The firm has a fifty day moving average price of $227.81 and a 200 day moving average price of $181.88.

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

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 0.5%. Lam Research’s payout ratio is 21.31%.

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.