Lam Research Corporation $LRCX Shares Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 614.7% during the fourth quarter, Holdings Channel reports. The fund owned 75,113 shares of the semiconductor company’s stock after purchasing an additional 64,603 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Lam Research were worth $12,858,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PMV Capital Advisers LLC purchased a new stake in Lam Research during the 4th quarter worth about $25,000. Core Wealth Advisors LLC purchased a new stake in Lam Research during the 4th quarter worth about $29,000. Stance Capital LLC purchased a new stake in Lam Research during the 3rd quarter worth about $26,000. Triumph Capital Management purchased a new stake in Lam Research during the 3rd quarter worth about $27,000. Finally, Harbor Investment Advisory LLC increased its position in Lam Research by 73.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. TD Cowen lifted their price objective on Lam Research from $290.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Citigroup reiterated a “buy” rating and set a $315.00 price objective (up from $300.00) on shares of Lam Research in a research report on Thursday, April 23rd. Erste Group Bank cut Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. B. Riley Financial lifted their price objective on Lam Research from $350.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $575.00 price objective (up from $320.00) on shares of Lam Research in a research report on Monday, June 1st. Twenty-seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $303.30.

Insider Activity

In other Lam Research news, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the sale, the insider 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 filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the sale, the senior vice president owned 58,470 shares of the company’s stock, valued at $18,102,312. This trade represents a 11.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 31,839 shares of company stock valued at $8,561,667 in the last 90 days. 0.31% of the stock is owned by company insiders.

Lam Research Stock Down 9.8%

LRCX opened at $303.28 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The stock has a market capitalization of $379.27 billion, a price-to-earnings ratio of 57.22, a price-to-earnings-growth ratio of 2.51 and a beta of 1.85. The business has a 50-day moving average of $273.22 and a two-hundred day moving average of $226.72. Lam Research Corporation has a 12 month low of $85.86 and a 12 month high of $346.19.

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. The company had revenue of $5.84 billion during 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 previous year, the business earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, research analysts expect that Lam Research Corporation will post 5.67 earnings per share for the current year.

Lam Research Dividend Announcement

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

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

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.