Cornerstone Management Inc. Takes $690,000 Position in Lam Research Corporation $LRCX

Cornerstone Management Inc. bought a new stake in Lam Research Corporation (NASDAQ:LRCX) during the fourth quarter, HoldingsChannel reports. The firm bought 4,031 shares of the semiconductor company’s stock, valued at approximately $690,000.

A number of other institutional investors have also modified their holdings of LRCX. PMV Capital Advisers LLC bought a new stake in shares of Lam Research in the 4th quarter valued at approximately $25,000. Stance Capital LLC bought a new stake in shares of Lam Research in the 3rd quarter valued at approximately $26,000. Triumph Capital Management bought a new stake in shares of Lam Research in the 3rd quarter valued at approximately $27,000. Harbor Investment Advisory LLC increased its holdings in shares of Lam Research by 73.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 102 shares during the last quarter. Finally, WealthCollab LLC increased its holdings in shares of Lam Research by 29.3% in the 4th quarter. WealthCollab LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Price Performance

NASDAQ LRCX opened at $277.96 on Tuesday. Lam Research Corporation has a 52 week low of $79.49 and a 52 week high of $302.00. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The stock has a market cap of $347.61 billion, a price-to-earnings ratio of 52.45, a price-to-earnings-growth ratio of 2.36 and a beta of 1.81. The company has a 50-day moving average price of $247.50 and a two-hundred day moving average price of $211.98.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping 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 firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. Lam Research’s quarterly revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Analysts forecast that Lam Research Corporation will post 5.67 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Argus boosted their price target on Lam Research from $175.00 to $280.00 in a report on Tuesday, February 3rd. Morgan Stanley upgraded Lam Research from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $293.00 to $331.00 in a report on Monday. Zacks Research downgraded shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Bank of America boosted their price objective on shares of Lam Research from $285.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings downgraded shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $292.97.

Insider Transactions at Lam Research

In other news, insider Ava Harter sold 6,010 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the transaction, the insider owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction 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 transaction, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. The trade was a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 120,066 shares of company stock valued at $27,953,242. 0.31% of the stock is currently owned by corporate insiders.

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.