Lam Research Corporation $LRCX Shares Bought by M&T Bank Corp

M&T Bank Corp raised its position in Lam Research Corporation (NASDAQ:LRCX) by 11.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 94,704 shares of the semiconductor company’s stock after purchasing an additional 9,907 shares during the period. M&T Bank Corp’s holdings in Lam Research were worth $16,212,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. PMV Capital Advisers LLC acquired a new stake in Lam Research in the fourth quarter valued at $25,000. Stance Capital LLC acquired a new stake in Lam Research in the third quarter valued at $26,000. Triumph Capital Management acquired a new stake in Lam Research in the third quarter valued at $27,000. Harbor Investment Advisory LLC grew its holdings in Lam Research by 73.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 102 shares during the last quarter. Finally, WealthCollab LLC grew its holdings in Lam Research by 29.3% in the fourth quarter. WealthCollab LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Neil J. Fernandes sold 18,170 shares of the 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 in the company, valued at approximately $16,872,153.06. This represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the transaction, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 155,066 shares of company stock valued at $35,849,242. 0.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Mizuho upped their target price on Lam Research from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Seaport Research Partners started coverage on Lam Research in a research report on Monday. They issued a “buy” rating and a $300.00 price objective on the stock. KeyCorp restated a “sector weight” rating on shares of Lam Research in a research report on Thursday, January 29th. Citic Securities upped their price objective on Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, Stifel Nicolaus upped their price objective on Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Twenty-six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $285.94.

Lam Research Stock Up 0.7%

Shares of NASDAQ:LRCX opened at $258.57 on Tuesday. 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 Corporation has a 52-week low of $72.59 and a 52-week high of $275.84. The stock’s fifty day simple moving average is $236.37 and its 200-day simple moving average is $201.94. The company has a market capitalization of $323.36 billion, a P/E ratio of 48.79, a P/E/G ratio of 2.12 and a beta of 1.81.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data 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 return on equity of 66.21% and a net margin of 30.94%.The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same period in the prior year, the business earned $1.04 earnings per share. The business’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. As a group, equities research analysts forecast that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 0.4%. Lam Research’s dividend payout ratio is 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.