Baker Avenue Asset Management LP Has $30.30 Million Stock Position in Lam Research Corporation $LRCX

Key Points

• Baker Avenue Asset Management LP increased its Lam Research stake by 18.1% in the fourth quarter, bringing holdings to 176,975 shares valued at about $30.3 million.
• Lam Research recently beat quarterly expectations, reporting $1.47 EPS on revenue of $5.84 billion, with revenue up 23.8% year over year. The company also issued Q4 2026 EPS guidance of $1.50 to $1.80.
• Analysts remain broadly positive on LRCX, with 27 Buy ratings and 7 Hold ratings, giving the stock a Moderate Buy consensus and an average price target of $295.07.

Baker Avenue Asset Management LP grew its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 18.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 176,975 shares of the semiconductor company's stock after purchasing an additional 27,088 shares during the period. Baker Avenue Asset Management LP's holdings in Lam Research were worth $30,295,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LRCX. Brighton Jones LLC increased its position in Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of Lam Research during the 1st quarter worth about $239,000. Gabelli Funds LLC bought a new stake in shares of Lam Research during the 2nd quarter worth about $253,000. NewEdge Advisors LLC boosted its stake in shares of Lam Research by 2.7% during the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company's stock worth $9,785,000 after acquiring an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. boosted its stake in shares of Lam Research by 5,206.7% during the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company's stock worth $77,000 after acquiring an additional 781 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Price Performance

Shares of LRCX stock opened at $318.93 on Thursday. The stock has a 50 day moving average of $260.18 and a two-hundred day moving average of $218.99. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a 12 month low of $79.49 and a 12 month high of $333.33. The company has a market capitalization of $398.84 billion, a P/E ratio of 60.18, a P/E/G ratio of 2.67 and a beta of 1.81.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter last year, the company earned $1.04 EPS. The company's quarterly 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 analysts expect that Lam Research Corporation will post 5.67 EPS for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be given a $0.26 dividend. The ex-dividend date 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 (DPR) is currently 19.62%.

Insiders Place Their Bets

In other Lam Research news, insider Ava Harter sold 6,010 shares of the firm's stock in a transaction that occurred on 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 approximately $13,762,005.30. This trade represents a 10.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas R. Bettinger sold 50,057 shares of the firm's stock in a transaction that occurred on 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 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 SEC filing for this sale provides additional information. In the last quarter, insiders sold 120,066 shares of company stock worth $27,953,242. 0.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on LRCX shares. B. Riley Financial upped their price target on Lam Research from $350.00 to $375.00 and gave the stock a "buy" rating in a research note on Tuesday, May 12th. Stifel Nicolaus upped their price target on Lam Research from $300.00 to $325.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. HSBC upped their price target on Lam Research from $221.00 to $247.00 and gave the stock a "hold" rating in a research note on Friday, April 24th. Rothschild & Co Redburn upped their price target on Lam Research from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. Finally, Barclays set a $275.00 price target on Lam Research and gave the stock an "equal weight" rating in a research note on Thursday, April 23rd. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $295.07.

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.

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