3Chopt Investment Partners LLC Buys 3,266 Shares of Lam Research Corporation $LRCX

Key Points

• 3Chopt Investment Partners LLC increased its Lam Research stake by 24.9% in the fourth quarter, buying 3,266 additional shares and bringing its total holding to 16,399 shares valued at about $2.81 million.
• Institutional ownership in Lam Research remains very high at 84.61%, with major funds like Vanguard, State Street, Geode Capital, Norges Bank, and Invesco also adding or initiating positions.
• Lam Research recently reported better-than-expected earnings and revenue, raised guidance, and received mostly positive analyst coverage, though insiders have been selling shares and the stock already trades near its 52-week high.

3Chopt Investment Partners LLC raised its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 24.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,399 shares of the semiconductor company's stock after purchasing an additional 3,266 shares during the period. 3Chopt Investment Partners LLC's holdings in Lam Research were worth $2,811,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LRCX. Vanguard Group Inc. increased its position in shares of Lam Research by 0.3% during the third quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company's stock worth $17,537,447,000 after acquiring an additional 364,949 shares in the last quarter. State Street Corp increased its position in shares of Lam Research by 0.4% during the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company's stock worth $8,024,684,000 after acquiring an additional 265,805 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Lam Research by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company's stock worth $5,764,117,000 after acquiring an additional 126,613 shares in the last quarter. Norges Bank bought a new stake in shares of Lam Research during the fourth quarter worth about $3,645,427,000. Finally, Invesco Ltd. increased its position in shares of Lam Research by 18.2% during the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company's stock worth $2,836,397,000 after acquiring an additional 3,263,658 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Insider Transactions at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the completion of the sale, the chief financial officer owned 1,081,705 shares of the company's stock, valued at $242,334,371.15. This represents a 4.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ava Harter sold 6,010 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the sale, the insider directly owned 53,205 shares of the company's stock, valued at $13,762,005.30. The trade was a 10.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 75,737 shares of company stock valued at $17,738,700 in the last quarter. Insiders own 0.31% of the company's stock.

Lam Research Stock Performance

NASDAQ LRCX opened at $317.12 on Tuesday. Lam Research Corporation has a 1 year low of $80.43 and a 1 year high of $333.33. 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 $396.58 billion, a PE ratio of 59.83, a P/E/G ratio of 2.63 and a beta of 1.85. The company's 50 day simple moving average is $265.55 and its two-hundred day simple moving average is $222.29.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.70 billion. During the same period in the prior year, the company posted $1.04 EPS. The business's revenue for the quarter was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Analysts predict that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be issued 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 dividend payout ratio is presently 19.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Lam Research from $300.00 to $325.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. Barclays set a $275.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a research report on Thursday, April 23rd. New Street Research upped their price objective on shares of Lam Research from $235.00 to $280.00 and gave the stock a "neutral" rating in a research report on Monday, April 27th. Susquehanna upped their price objective on shares of Lam Research from $350.00 to $385.00 and gave the stock a "positive" rating in a research report on Thursday, April 23rd. Finally, Mizuho set a $380.00 price objective on shares of Lam Research and gave the stock an "outperform" rating in a research report on Wednesday, May 27th. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $303.30.

About Lam Research

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.

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