Dimensional Fund Advisors LP Has $1.35 Billion Stock Position in Lam Research Corporation $LRCX

Key Points

• Dimensional Fund Advisors LP increased its Lam Research stake by 2.5% in Q1, ending with 6.31 million shares valued at about $1.35 billion.
• Institutional ownership remains heavy, with 84.61% of Lam Research shares held by hedge funds and other institutions, while insiders own just 0.31%.
• Wall Street sentiment is upbeat: several analysts raised price targets, and the stock now carries a consensus “Moderate Buy” rating with an average target of $358.67.

Dimensional Fund Advisors LP lifted its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,312,616 shares of the semiconductor company's stock after purchasing an additional 153,336 shares during the period. Dimensional Fund Advisors LP owned 0.50% of Lam Research worth $1,348,057,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LRCX. Cedar Mountain Advisors LLC boosted its holdings in Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock worth $26,000 after buying an additional 85 shares during the last quarter. Vermillion Wealth Management Inc. bought a new stake in shares of Lam Research in the 1st quarter valued at about $26,000. PMV Capital Advisers LLC bought a new stake in shares of Lam Research in the 4th quarter valued at about $25,000. Bayban acquired a new stake in shares of Lam Research in the 4th quarter valued at approximately $26,000. Finally, Mcguire Capital Advisors Inc. bought a new position in Lam Research during the 4th quarter worth approximately $27,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lam Research

In other news, Director Eric Brandt sold 54,500 shares of the business's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the sale, the director directly owned 199,205 shares in the company, valued at $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the company's stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the transaction, the director directly owned 87,142 shares of the company's stock, valued at $29,192,570. This represents a 17.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 104,621 shares of company stock valued at $33,804,737 in the last quarter. 0.31% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LRCX. B. Riley Financial boosted their price objective on shares of Lam Research from $350.00 to $375.00 and gave the company a "buy" rating in a report on Tuesday, May 12th. Berenberg Bank increased their target price on shares of Lam Research from $265.00 to $335.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Mizuho lifted their price target on shares of Lam Research from $380.00 to $400.00 and gave the stock an "outperform" rating in a research report on Thursday, July 9th. Wells Fargo & Company reissued an "overweight" rating and issued a $450.00 price target (up from $365.00) on shares of Lam Research in a report on Monday, June 22nd. Finally, Sanford C. Bernstein upped their price objective on shares of Lam Research from $325.00 to $340.00 and gave the company an "outperform" rating in a research report on Thursday, May 21st. Twenty-eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $358.67.

Lam Research Stock Performance

Shares of LRCX stock opened at $313.30 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The company has a market capitalization of $391.80 billion, a P/E ratio of 59.11, a price-to-earnings-growth ratio of 1.86 and a beta of 1.80. The company's 50 day moving average price is $339.57 and its two-hundred day moving average price is $269.60. Lam Research Corporation has a 52 week low of $90.93 and a 52 week high of $438.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating 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 company had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.70 billion. During the same quarter in the prior year, the company earned $1.04 earnings per share. The business's quarterly revenue 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. On average, analysts expect that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 17th. Lam Research's payout ratio is currently 19.62%.

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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