Lam Research Corporation $LRCX Position Boosted by Erste Asset Management GmbH

Erste Asset Management GmbH lifted its holdings in Lam Research Corporation (NASDAQ:LRCX) by 24.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,164,882 shares of the semiconductor company’s stock after acquiring an additional 231,960 shares during the quarter. Lam Research comprises approximately 1.7% of Erste Asset Management GmbH’s holdings, making the stock its 9th biggest position. Erste Asset Management GmbH’s holdings in Lam Research were worth $201,951,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. PMV Capital Advisers LLC purchased a new position in Lam Research in the fourth quarter valued at approximately $25,000. Stance Capital LLC purchased a new position in Lam Research in the third quarter valued at approximately $26,000. Triumph Capital Management purchased a new position in Lam Research in the third quarter valued at approximately $27,000. Core Wealth Advisors LLC purchased a new position in Lam Research in the fourth quarter valued at approximately $29,000. Finally, Strategic Wealth Investment Group LLC purchased a new position in Lam Research in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Trending Headlines about Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Analysts and hedge fund commentary remain constructive on Lam Research, viewing it as a wide-moat leader in semiconductor equipment with meaningful upside potential as chipmakers keep investing in advanced manufacturing. What Do Analysts Say About Lam Research (LRCX)’s Earnings Outlook?
• Positive Sentiment: Investor commentary also points to Lam Research’s growing importance in essential chip manufacturing, reinforcing the view that demand for its tools should stay strong if semiconductor capex continues to rise. Lam Research Corp (LRCX): Increasing Dependence on Essential Chip Manufacturing
• Neutral Sentiment: One bullish article argues Lam Research is still a buy because of its wide moat and leadership position, but it also warns that the stock is trading at a rich valuation, which may limit near-term upside. Lam Research: A Wide-Moat Equipment Leader That I Rate A Buy – Despite A Rich Valuation
• Negative Sentiment: Recent market commentary noted that LRCX slipped even as the broader market rose, suggesting some investors are taking profits after the stock’s strong move higher. Lam Research (LRCX) Stock Slides as Market Rises: Facts to Know Before You Trade

Insider Transactions at Lam Research

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 transaction, the senior vice president directly owned 66,129 shares of the company’s stock, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 dated 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 directly owned 53,205 shares in the company, valued at $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 31,839 shares of company stock worth $8,561,667 over the last ninety days. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

LRCX has been the topic of several research analyst reports. B. Riley Financial upped their price objective on Lam Research from $350.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Evercore upped their price objective on Lam Research from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Bank of America upped their price objective on Lam Research from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Zacks Research downgraded Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $300.00 target price on shares of Lam Research in a research report on Thursday, April 23rd. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $303.30.

Lam Research Stock Performance

Lam Research stock opened at $303.28 on Monday. The stock has a market cap of $379.27 billion, a P/E ratio of 57.22, a PEG ratio of 2.51 and a beta of 1.85. Lam Research Corporation has a fifty-two week low of $85.86 and a fifty-two week high of $346.19. The firm’s fifty day moving average price is $273.22 and its 200-day moving average price is $227.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm’s revenue was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities research analysts forecast that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be 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 of this dividend is Wednesday, June 17th. Lam Research’s dividend payout ratio is currently 19.62%.

Lam Research Company 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.