Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $16.16 Million Stake in Lam Research Corporation $LRCX

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Lam Research Corporation (NASDAQ:LRCX) by 11.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,637 shares of the semiconductor company’s stock after acquiring an additional 7,861 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Lam Research were worth $16,161,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Cedar Mountain Advisors LLC grew its holdings in Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares during the period. Vermillion Wealth Management Inc. acquired a new position in shares of Lam Research during the first quarter valued at about $26,000. PMV Capital Advisers LLC acquired a new position in shares of Lam Research during the fourth quarter valued at about $25,000. Bayban bought a new position in shares of Lam Research during the 4th quarter worth about $26,000. Finally, Mcguire Capital Advisors Inc. bought a new position in shares of Lam Research during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Cantor Fitzgerald set a $500.00 target price on Lam Research and gave the company an “overweight” rating in a research report on Monday, June 29th. Weiss Ratings lowered Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. TD Cowen reissued a “buy” rating and issued a $400.00 price objective (up from $340.00) on shares of Lam Research in a research note on Thursday. New Street Research boosted their price objective on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Finally, Stifel Nicolaus upped their target price on Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a research report on Friday. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $350.81.

Lam Research Price Performance

Lam Research stock opened at $329.92 on Tuesday. Lam Research Corporation has a 52 week low of $90.93 and a 52 week high of $438.50. The company’s 50 day moving average price is $336.33 and its two-hundred day moving average price is $265.32. The stock has a market cap of $412.59 billion, a P/E ratio of 62.25, a P/E/G ratio of 2.07 and a beta of 1.80. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX) last released its 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. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.Lam Research’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities analysts predict that Lam Research Corporation will post 5.68 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research’s dividend payout ratio is 19.62%.

Insider Buying and Selling at Lam Research

In other news, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction on Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the sale, the insider directly owned 53,205 shares in the company, valued at $13,762,005.30. The trade was a 10.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Neil J. Fernandes sold 18,170 shares of the business’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 transaction, the senior vice president directly owned 66,129 shares in the company, valued at $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 86,339 shares of company stock worth $27,680,267 in the last quarter. 0.31% of the stock is currently owned by company 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.