Lam Research Corporation $LRCX Position Boosted by Westpac Banking Corp

Key Points

• Westpac Banking Corp boosted its stake in Lam Research by 36.3% in the fourth quarter, and institutional investors now own 84.61% of the semiconductor company.
• Analysts remain bullish on LRCX, with several raising price targets and the stock carrying a consensus rating of Moderate Buy and an average target of $303.30.
• Lam Research reported strong quarterly results, beating EPS and revenue estimates, and also declared a quarterly dividend of $0.26 per share payable on July 8.

Westpac Banking Corp grew its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 36.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,992 shares of the semiconductor company's stock after purchasing an additional 7,187 shares during the period. Westpac Banking Corp's holdings in Lam Research were worth $4,620,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. PMV Capital Advisers LLC bought a new position in shares of Lam Research during the 4th quarter valued at about $25,000. Stance Capital LLC bought a new position in shares of Lam Research during the 3rd quarter valued at about $26,000. Triumph Capital Management bought a new position in shares of Lam Research during the 3rd quarter valued at about $27,000. Core Wealth Advisors LLC bought a new position in shares of Lam Research during the 4th quarter valued at about $29,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in shares of Lam Research in the second quarter worth about $29,000. Institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

LRCX has been the subject of several recent analyst reports. Bank of America raised their target price on shares of Lam Research from $285.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Citigroup reiterated a "buy" rating and issued a $315.00 target price (up from $300.00) on shares of Lam Research in a report on Thursday, April 23rd. Cantor Fitzgerald reiterated an "overweight" rating and issued a $320.00 target price on shares of Lam Research in a report on Thursday, April 23rd. Rothschild & Co Redburn raised their target price on shares of Lam Research from $225.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Finally, Argus raised their target price on shares of Lam Research from $175.00 to $280.00 in a report on Tuesday, February 3rd. Twenty-seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $303.30.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Lam Research’s appearance at a major technology conference may reinforce investor confidence in its AI and semiconductor spending outlook, especially as customers continue investing in advanced chip manufacturing equipment. Lam Research Corporation (LRCX) Presents at Bank of America 2026 Global Technology Conference Transcript
• Positive Sentiment: Recent coverage highlighting Lam Research as a top long-term stock and a potential market outperformer is adding to bullish sentiment around the name. Why Lam Research (LRCX) is a Top Stock for the Long-Term
• Positive Sentiment: Analysts remain constructive on Lam Research’s long-term prospects, citing strong performance versus the broader market and favorable expectations for its business. Is Lam Research Stock Outperforming the S&P 500?
• Neutral Sentiment: An insider sale by SVP Neil J. Fernandes was disclosed, but it was made under a pre-arranged 10b5-1 trading plan, which usually limits how much investors read into the transaction. Lam Research insider trade filing
• Neutral Sentiment: Several articles point to Lam Research’s strong valuation and prior outperformance, but they also suggest investors are waiting for continued execution and earnings growth to justify further gains. Lam Research stock information

Lam Research Stock Performance

LRCX stock opened at $334.41 on Wednesday. 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 stock has a market cap of $418.20 billion, a P/E ratio of 63.10, a P/E/G ratio of 2.63 and a beta of 1.85. The firm has a 50 day simple moving average of $265.55 and a 200 day simple moving average of $222.29. Lam Research Corporation has a 52 week low of $81.95 and a 52 week high of $335.55.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.36 by $0.11. The business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm's quarterly revenue was up 23.8% compared to the same quarter last year. During the same period last year, the company posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Research 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 declared a quarterly dividend, which will be paid on Wednesday, July 8th. Investors 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 is Wednesday, June 17th. Lam Research's dividend payout ratio (DPR) is currently 19.62%.

Insider Activity at Lam Research

In related news, SVP Neil J. Fernandes sold 7,659 shares of the firm's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the sale, the senior vice president directly owned 58,470 shares in the company, valued at approximately $18,102,312. This trade represents a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $1,554,546.60. Following the sale, the insider owned 53,205 shares of the company's stock, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 31,839 shares of company stock valued at $8,561,667. 0.31% of the stock is currently owned by corporate insiders.

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.

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.