ProShare Advisors LLC Raises Stock Holdings in Lam Research Corporation $LRCX

ProShare Advisors LLC raised its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 33.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,455,405 shares of the semiconductor company’s stock after acquiring an additional 614,599 shares during the period. Lam Research makes up approximately 0.7% of ProShare Advisors LLC’s holdings, making the stock its 18th biggest holding. ProShare Advisors LLC’s holdings in Lam Research were worth $420,316,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of LRCX. PMV Capital Advisers LLC purchased a new stake in Lam Research during the 4th quarter valued at $25,000. Stance Capital LLC purchased a new stake in Lam Research during the 3rd quarter valued at $26,000. Triumph Capital Management purchased a new stake in Lam Research during the 3rd quarter valued at $27,000. Strategic Wealth Investment Group LLC purchased a new stake in Lam Research during the 2nd quarter valued at $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Lam Research during the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In other news, 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 transaction of $11,214,269.71. Following the transaction, the chief financial officer 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Neil J. Fernandes sold 18,170 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the transaction, the senior vice president directly owned 66,129 shares in the company, valued at $16,872,153.06. The trade was a 21.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 120,066 shares of company stock valued at $27,953,242. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Price Performance

LRCX opened at $277.96 on Tuesday. Lam Research Corporation has a 12-month low of $79.49 and a 12-month 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 business’s fifty day simple moving average is $247.50 and its 200-day simple moving average is $211.98. The company has a market capitalization of $347.61 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 2.36 and a beta of 1.81.

Lam Research (NASDAQ:LRCX) last posted its quarterly 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 business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the prior year, the company earned $1.04 EPS. The business’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. On average, equities research analysts anticipate that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LRCX has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $300.00 price target on shares of Lam Research in a report on Thursday, April 23rd. Susquehanna increased their price target on Lam Research from $350.00 to $385.00 and gave the company a “positive” rating in a report on Thursday, April 23rd. HSBC increased their price target on Lam Research from $221.00 to $247.00 and gave the company a “hold” rating in a report on Friday, April 24th. The Goldman Sachs Group restated a “buy” rating and set a $290.00 price target on shares of Lam Research in a report on Thursday, April 23rd. Finally, Weiss Ratings lowered Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Twenty-seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $292.97.

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.