Abound Financial LLC Takes $293,000 Position in Lam Research Corporation $LRCX

Abound Financial LLC acquired a new position in Lam Research Corporation (NASDAQ:LRCX) during the fourth quarter, Holdings Channel.com reports. The firm acquired 1,709 shares of the semiconductor company’s stock, valued at approximately $293,000.

Other institutional investors have also recently made changes to their positions in the company. PMV Capital Advisers LLC acquired a new position in shares of Lam Research in the 4th quarter valued at about $25,000. Stance Capital LLC purchased a new position in Lam Research during the third quarter valued at approximately $26,000. Triumph Capital Management purchased a new position in Lam Research during the third quarter valued at approximately $27,000. Core Wealth Advisors LLC acquired a new position in Lam Research in the fourth quarter valued at approximately $29,000. Finally, Strategic Wealth Investment Group LLC acquired 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.

Insider Buying and Selling

In other Lam Research news, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the sale, the director owned 199,205 shares of the company’s stock, valued at $69,881,114. The trade was a 21.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the sale, the senior vice president directly owned 58,470 shares of the company’s stock, valued at $18,102,312. The trade was a 11.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 86,339 shares of company stock worth $27,680,267. 0.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Evercore raised their price objective on shares of Lam Research from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Wall Street Zen cut shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Wells Fargo & Company reissued an “overweight” rating and set a $575.00 price target (up from $320.00) on shares of Lam Research in a report on Monday, June 1st. TD Cowen lifted their price objective on shares of Lam Research from $290.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Jefferies Financial Group upped their price objective on shares of Lam Research from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and a consensus target price of $324.26.

Lam Research Price Performance

Lam Research stock opened at $388.92 on Tuesday. The stock has a market capitalization of $486.37 billion, a P/E ratio of 73.38, a P/E/G ratio of 3.02 and a beta of 1.85. The company’s fifty day moving average price is $289.51 and its 200 day moving average price is $235.83. 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 Corporation has a 1 year low of $87.75 and a 1 year high of $393.07.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The firm’s revenue for the quarter 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 anticipate that Lam Research Corporation will post 5.7 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Several articles point to Lam Research as a strong growth stock and a long-term winner, citing its earnings outlook and market-beating potential. Is Lam Research (LRCX) a Solid Growth Stock? 3 Reasons to Think “Yes”
• Positive Sentiment: The broader semiconductor rally is also helping LRCX, with chip ETFs and several semiconductor names breaking into new highs as investors rotate back into the sector. Chips Up 8.8% in One Week: 5 Semiconductor Names Breaking Into New Highs
• Positive Sentiment: Another market commentary notes that Lam has surged off its June lows as lower rates and a more favorable Fed backdrop improve risk appetite for semicap stocks. Buy, Hold, or Sell: Lam Research Rocketed 21% Off Its June Lows as a New Fed Begins. Is LRCX Worthwhile at $366?
• Neutral Sentiment: One article on semiconductor ETFs suggests the sector remains a trader favorite, reinforcing broad momentum but not adding company-specific news for Lam Research. Semiconductor ETFs Now Dominate the Most?Traded List — A Signal You Can’t Ignore
• Neutral Sentiment: Lam’s director Eric Brandt sold shares under a pre-arranged trading plan, which is worth noting but does not necessarily signal a change in outlook. SEC filing for director share sale

Lam Research 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.