Fisher Asset Management LLC Has $60.83 Million Holdings in Lam Research Corporation $LRCX

Fisher Asset Management LLC lessened its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 9.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 355,347 shares of the semiconductor company’s stock after selling 37,445 shares during the quarter. Fisher Asset Management LLC’s holdings in Lam Research were worth $60,828,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LRCX. Arrowstreet Capital Limited Partnership increased its position 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 valued at $1,518,542,000 after purchasing an additional 10,053,978 shares during the period. Invesco Ltd. increased its position in Lam Research by 18.2% during the 3rd quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock valued at $2,836,397,000 after purchasing an additional 3,263,658 shares during the period. California Public Employees Retirement System grew its position in shares of Lam Research by 108.7% during the 3rd quarter. California Public Employees Retirement System now owns 4,526,099 shares of the semiconductor company’s stock worth $606,045,000 after buying an additional 2,356,897 shares during the period. AQR Capital Management LLC grew its position in shares of Lam Research by 138.6% during the 3rd quarter. AQR Capital Management LLC now owns 3,541,230 shares of the semiconductor company’s stock worth $472,294,000 after buying an additional 2,056,749 shares during the period. Finally, M&T Bank Corp grew its position in shares of Lam Research by 1,925.5% during the 4th quarter. M&T Bank Corp now owns 1,717,551 shares of the semiconductor company’s stock worth $294,010,000 after buying an additional 1,632,754 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several recent analyst reports. Berenberg Bank raised their price objective on shares of Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Summit Insights raised shares of Lam Research from a “hold” rating to a “buy” rating in a research report on Thursday, January 29th. Seaport Research Partners initiated coverage on shares of Lam Research in a research report on Monday, May 4th. They set a “buy” rating and a $300.00 price objective for the company. Citigroup reaffirmed a “buy” rating and set a $315.00 price objective (up from $300.00) on shares of Lam Research in a research report on Thursday, April 23rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $290.00 price objective on shares of Lam Research in a research report on Thursday, April 23rd. Twenty-seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $293.46.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the transaction, the senior vice president directly owned 66,129 shares in the company, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the transaction, the insider owned 53,205 shares in the company, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 120,066 shares of company stock worth $27,953,242. Corporate insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

NASDAQ LRCX opened at $305.35 on Tuesday. The company has a fifty day simple moving average of $255.98 and a 200 day simple moving average of $216.78. Lam Research Corporation has a 12-month low of $79.49 and a 12-month high of $309.98. 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 company has a market cap of $381.86 billion, a P/E ratio of 57.61, a PEG ratio of 2.53 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, beating 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 business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter last year, the firm posted $1.04 EPS. Lam Research’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. Sell-side analysts predict that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is 19.62%.

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.