Lam Research Corporation $LRCX Stock Holdings Increased by QRG Capital Management Inc.

Key Points

• QRG Capital Management raised its stake in Lam Research by 8.8% in Q4 to 254,991 shares, worth about $43.65 million, and institutional investors now own 84.61% of the company.
• Multiple analysts recently upgraded Lam and lifted price targets—leaving a MarketBeat consensus of "Moderate Buy" with a consensus price target of $285.94.
• Lam beat quarterly estimates (EPS $1.47 vs. $1.36 expected) with revenue up 23.8%, but insiders have sold 155,066 shares (~$35.85 million) in the last 90 days, leaving insiders with just 0.31% ownership.

QRG Capital Management Inc. raised its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,991 shares of the semiconductor company's stock after acquiring an additional 20,730 shares during the period. QRG Capital Management Inc.'s holdings in Lam Research were worth $43,649,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. PMV Capital Advisers LLC acquired a new position in shares of Lam Research during the 4th quarter valued at $25,000. Stance Capital LLC acquired a new position in shares of Lam Research during the 3rd quarter valued at $26,000. Triumph Capital Management acquired a new position in shares of Lam Research during the 3rd quarter valued at $27,000. Harbor Investment Advisory LLC increased its position in shares of Lam Research by 73.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company's stock valued at $41,000 after purchasing an additional 102 shares during the period. Finally, WealthCollab LLC increased its position in shares of Lam Research by 29.3% during the 4th quarter. WealthCollab LLC now owns 243 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 55 shares during the period. Institutional investors own 84.61% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LRCX shares. Wall Street Zen upgraded Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday. Berenberg Bank lifted their price target on Lam Research from $265.00 to $335.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Susquehanna lifted their price target on Lam Research from $350.00 to $385.00 and gave the company a "positive" rating in a research report on Thursday, April 23rd. Sanford C. Bernstein lifted their price target on Lam Research from $285.00 to $325.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings upgraded Lam Research from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, April 24th. Twenty-six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and a consensus price target of $285.94.

Insider Transactions at Lam Research

In related news, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction 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 completion of the sale, the insider owned 53,205 shares of the company's stock, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Neil J. Fernandes sold 18,170 shares of Lam Research stock in a transaction on Friday, May 1st. The shares were sold at an average price of $255.14, for a total value of $4,635,893.80. Following the sale, the senior vice president directly owned 66,129 shares of the company's stock, valued at approximately $16,872,153.06. The trade was a 21.55% decrease in their position. 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 155,066 shares of company stock worth $35,849,242 in the last ninety days. Company insiders own 0.31% of the company's stock.

Lam Research Price Performance

LRCX opened at $258.57 on Tuesday. The stock has a market cap of $323.36 billion, a price-to-earnings ratio of 48.79, a PEG ratio of 2.12 and a beta of 1.81. Lam Research Corporation has a 1 year low of $72.59 and a 1 year high of $275.84. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of $236.37 and a 200 day moving average price of $201.94.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.11. The firm had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The business's revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Analysts forecast that Lam Research Corporation will post 5.68 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Lam Research's dividend payout ratio (DPR) is presently 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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