IPG Investment Advisors LLC Boosts Stake in Lam Research Corporation $LRCX

Key Points

• IPG Investment Advisors significantly increased its Lam Research stake by 366.4% in the fourth quarter, bringing its holdings to 10,260 shares worth about $1.76 million.
• Insiders have been selling shares, including CFO Douglas R. Bettinger and insider Ava Harter, with total insider sales of 120,066 shares valued at about $28 million over the last 90 days.
• Lam Research beat quarterly expectations, reporting $1.47 EPS on revenue of $5.84 billion, while also announcing a $0.26 quarterly dividend and receiving a mostly bullish analyst view with a consensus “Moderate Buy” rating.

IPG Investment Advisors LLC lifted its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 366.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,260 shares of the semiconductor company's stock after purchasing an additional 8,060 shares during the period. IPG Investment Advisors LLC's holdings in Lam Research were worth $1,757,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PMV Capital Advisers LLC purchased a new stake in shares of Lam Research in the 4th quarter worth $25,000. Stance Capital LLC purchased a new stake in shares of Lam Research in the 3rd quarter worth $26,000. Triumph Capital Management purchased a new stake in shares of Lam Research in the 3rd quarter worth $27,000. Harbor Investment Advisory LLC increased its stake in shares of Lam Research by 73.9% in 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. Finally, WealthCollab LLC increased its stake in shares of Lam Research by 29.3% in the 4th quarter. WealthCollab LLC now owns 243 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 55 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ava Harter sold 6,010 shares of the stock in a transaction dated 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 transaction, the insider directly owned 53,205 shares of the company's stock, valued at $13,762,005.30. This trade represents a 10.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 120,066 shares of company stock valued at $27,953,242 in the last 90 days. Insiders own 0.31% of the company's stock.

Analyst Ratings Changes

LRCX has been the subject of several analyst reports. Wall Street Zen lowered Lam Research from a "buy" rating to a "hold" rating in a research note on Sunday, May 10th. Erste Group Bank downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Summit Insights raised shares of Lam Research from a "hold" rating to a "buy" rating in a report on Thursday, January 29th. JPMorgan Chase & Co. upped their target price on shares of Lam Research from $300.00 to $315.00 and gave the stock an "overweight" rating in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada upped their target price on shares of Lam Research from $290.00 to $310.00 and gave the stock an "outperform" rating in a report on Thursday, April 23rd. Twenty-seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $295.07.

Lam Research Trading Down 1.2%

Shares of Lam Research stock opened at $318.93 on Thursday. 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. 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 fifty day moving average of $260.18 and a 200 day moving average of $218.99. Lam Research Corporation has a fifty-two week low of $79.49 and a fifty-two week high of $333.33.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share 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 company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. Lam Research'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, sell-side analysts anticipate that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.