Lam Research Corporation $LRCX Stake Lifted by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 6.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 278,844 shares of the semiconductor company’s stock after acquiring an additional 17,328 shares during the quarter. Lam Research comprises about 0.9% of QRG Capital Management Inc.’s investment portfolio, making the stock its 19th biggest holding. QRG Capital Management Inc.’s holdings in Lam Research were worth $120,832,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of Lam Research by 3.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,958,917 shares of the semiconductor company’s stock valued at $1,282,183,000 after purchasing an additional 99,166 shares during the period. Andra AP fonden lifted its holdings in shares of Lam Research by 6.0% in the second quarter. Andra AP fonden now owns 189,539 shares of the semiconductor company’s stock valued at $82,133,000 after buying an additional 10,800 shares during the period. State Street Corp boosted its stake in Lam Research by 2.6% during the second quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock valued at $26,320,468,000 after buying an additional 1,545,830 shares in the last quarter. Security National Bank of Sioux City Iowa IA boosted its stake in Lam Research by 24.9% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 15,734 shares of the semiconductor company’s stock valued at $6,818,000 after buying an additional 3,140 shares in the last quarter. Finally, Wellington Altus USA Inc. grew its holdings in Lam Research by 39.3% during the second quarter. Wellington Altus USA Inc. now owns 1,686 shares of the semiconductor company’s stock worth $731,000 after acquiring an additional 476 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lam Research news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the transaction, the insider directly owned 42,462 shares in the company, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Talwalkar sold 18,282 shares of the business’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the sale, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. This trade represents a 17.34% 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. In the last 90 days, insiders sold 32,839 shares of company stock valued at $10,644,740. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LRCX shares. Needham & Company LLC reissued a “buy” rating and issued a $390.00 price target on shares of Lam Research in a report on Thursday, July 30th. Berenberg Bank set a $420.00 price objective on shares of Lam Research in a research note on Wednesday, September 9th. Jefferies Financial Group set a $335.00 target price on shares of Lam Research and gave the company a “buy” rating in a research note on Thursday, July 30th. Stifel Nicolaus raised their target price on shares of Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, TD Cowen restated a “buy” rating and issued a $400.00 price target (up from $340.00) on shares of Lam Research in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $361.81.

Lam Research Trading Down 1.2%

NASDAQ LRCX traded down $3.68 on Wednesday, hitting $307.28. 9,124,912 shares of the company were exchanged, compared to its average volume of 10,898,841. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. Lam Research Corporation has a twelve month low of $125.02 and a twelve month high of $438.50. The firm has a market capitalization of $384.51 billion, a P/E ratio of 53.35, a price-to-earnings-growth ratio of 1.20 and a beta of 1.85. The company’s 50 day moving average price is $305.28 and its 200-day moving average price is $296.62.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.69 by $0.13. The company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period last year, the company posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Analysts predict that Lam Research Corporation will post 9.33 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s dividend payout ratio (DPR) is 18.06%.

Lam Research Company Profile

Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.

The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.

Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.