5,844 Shares in Lam Research Corporation $LRCX Purchased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 5,844 shares of the semiconductor company’s stock, valued at approximately $1,249,000.

A number of other hedge funds also recently bought and sold shares of the company. Greenup Street Wealth Management LLC increased its position in shares of Lam Research by 1.8% in the first quarter. Greenup Street Wealth Management LLC now owns 2,433 shares of the semiconductor company’s stock worth $520,000 after acquiring an additional 44 shares in the last quarter. Triumph Capital Management lifted its position in shares of Lam Research by 22.5% in the 4th quarter. Triumph Capital Management now owns 245 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 45 shares in the last quarter. Traphagen Investment Advisors LLC lifted its position in shares of Lam Research by 2.4% in the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock valued at $336,000 after acquiring an additional 46 shares in the last quarter. Simplify Asset Management Inc. boosted its stake in Lam Research by 3.2% in the 1st quarter. Simplify Asset Management Inc. now owns 1,526 shares of the semiconductor company’s stock worth $326,000 after purchasing an additional 48 shares during the period. Finally, Bank of Jackson Hole Trust boosted its stake in Lam Research by 12.6% in the 4th quarter. Bank of Jackson Hole Trust now owns 428 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 48 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 66,129 shares of the company’s stock, valued at $16,872,153.06. This trade represents a 21.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the sale, the director owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 86,339 shares of company stock valued at $27,680,267 in the last three months. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Mizuho set a $380.00 price objective on shares of Lam Research and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Berenberg Bank raised their target price on Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. BNP Paribas Exane raised their target price on Lam Research from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Bank of America lifted their price target on Lam Research from $330.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, Evercore upped their price target on Lam Research from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Twenty-eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $345.39.

Lam Research Price Performance

LRCX stock opened at $351.41 on Monday. Lam Research Corporation has a 12-month low of $90.93 and a 12-month high of $438.50. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The company has a market cap of $439.46 billion, a price-to-earnings ratio of 66.30, a PEG ratio of 2.10 and a beta of 1.80. The company has a 50 day moving average of $326.35 and a two-hundred day moving average of $258.02.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 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 for the quarter, compared to analysts’ expectations of $5.70 billion. During the same period in the previous year, the company posted $1.04 EPS. Lam Research’s 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. On average, equities analysts anticipate that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 17th. Lam Research’s dividend payout ratio is presently 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.