Lam Research Corporation $LRCX Shares Bought by Focus Partners Wealth

Key Points

• Focus Partners Wealth raised its stake in Lam Research by 1.5%, adding 6,732 shares to hold 449,637 shares worth about $60.21 million, and institutional investors own roughly 84.61% of the stock.
• Significant insider selling occurred recently: Director Eric Brandt sold 35,000 shares (~$7.90M) and CFO Douglas Bettinger sold 50,057 shares (~$11.21M), with insiders offloading 130,886 shares (~$29.66M) over the last quarter.
• Lam beat quarterly estimates (EPS $1.27 vs. $1.17; revenue $5.34B vs. $5.23B), and analysts remain broadly positive with a consensus rating of “Moderate Buy” and an average price target of $245.35 (some targets raised up to $320).

Focus Partners Wealth lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 449,637 shares of the semiconductor company's stock after acquiring an additional 6,732 shares during the quarter. Focus Partners Wealth's holdings in Lam Research were worth $60,207,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LRCX. Destination Wealth Management grew its stake in Lam Research by 10.9% during the 3rd quarter. Destination Wealth Management now owns 3,892 shares of the semiconductor company's stock valued at $521,000 after purchasing an additional 381 shares in the last quarter. Elevation Point Wealth Partners LLC raised its position in shares of Lam Research by 476.7% in the 3rd quarter. Elevation Point Wealth Partners LLC now owns 9,931 shares of the semiconductor company's stock valued at $1,332,000 after purchasing an additional 8,209 shares in the last quarter. CLG LLC raised its position in shares of Lam Research by 3.0% in the 3rd quarter. CLG LLC now owns 3,547 shares of the semiconductor company's stock valued at $475,000 after purchasing an additional 102 shares in the last quarter. Clark Capital Management Group Inc. boosted its stake in shares of Lam Research by 3.4% during the 3rd quarter. Clark Capital Management Group Inc. now owns 11,346 shares of the semiconductor company's stock valued at $1,519,000 after buying an additional 372 shares during the last quarter. Finally, Clear Street Group Inc. acquired a new stake in shares of Lam Research during the third quarter worth approximately $2,688,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Eric Brandt sold 35,000 shares of the business's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the transaction, the director owned 253,705 shares in the company, valued at approximately $57,235,848. The trade was a 12.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction 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 transaction, the chief financial officer directly owned 1,081,705 shares of the company's stock, valued at approximately $242,334,371.15. The trade was a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 130,886 shares of company stock valued at $29,658,802 in the last quarter. Corporate insiders own 0.31% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Mizuho set a $265.00 price target on shares of Lam Research in a research note on Wednesday, January 28th. Stifel Nicolaus raised their price objective on shares of Lam Research from $250.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, January 29th. Weiss Ratings reissued a "buy (b)" rating on shares of Lam Research in a research report on Monday, December 29th. Cantor Fitzgerald restated an "overweight" rating and issued a $320.00 target price (up from $265.00) on shares of Lam Research in a research note on Thursday, January 29th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Lam Research in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $245.35.

Lam Research Trading Up 3.4%

Lam Research stock opened at $219.40 on Tuesday. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $256.68. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $273.98 billion, a price-to-earnings ratio of 44.96, a PEG ratio of 2.28 and a beta of 1.77. The firm has a 50-day moving average price of $225.24 and a two-hundred day moving average price of $174.48.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. Lam Research's revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, March 4th. Lam Research's dividend payout ratio (DPR) is currently 21.31%.

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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