M&T Bank Corp Boosts Position in Lam Research Corporation $LRCX

Key Points

• M&T Bank Corp increased its stake in Lam Research by 11.7% in Q4 to 94,704 shares valued at about $16.21 million, and institutional investors now hold roughly 84.61% of the company.
• Lam Research beat expectations with $1.47 EPS vs. $1.36 est. and $5.84B revenue (up 23.8% YoY), set Q4 2026 EPS guidance of 1.50–1.80, and has seen multiple analyst price-target raises with a consensus "Moderate Buy" and average target of $285.94.
• Insider selling has been notable: insiders sold 155,066 shares worth about $35.85 million over the last 90 days, including sales by SVP Neil J. Fernandes and CFO Douglas R. Bettinger, leaving insiders with 0.31% ownership.

M&T Bank Corp increased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,704 shares of the semiconductor company's stock after purchasing an additional 9,907 shares during the quarter. M&T Bank Corp's holdings in Lam Research were worth $16,212,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LRCX. PMV Capital Advisers LLC purchased a new stake in Lam Research in the fourth quarter valued at approximately $25,000. Stance Capital LLC purchased a new stake in Lam Research in the third quarter valued at approximately $26,000. Triumph Capital Management purchased a new stake in Lam Research in the third quarter valued at approximately $27,000. Strategic Wealth Investment Group LLC purchased a new stake in Lam Research in the second quarter valued at approximately $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Lam Research in the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Insiders Place Their Bets

In other Lam Research news, SVP Neil J. Fernandes sold 18,170 shares of the firm's stock in a transaction on Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the sale, the senior vice president owned 66,129 shares of the company's stock, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Douglas R. Bettinger sold 50,057 shares of the firm's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the sale, the chief financial officer directly owned 1,081,705 shares of the company's stock, valued at approximately $242,334,371.15. This trade represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 155,066 shares of company stock worth $35,849,242. Insiders own 0.31% of the company's stock.

Lam Research Trading Up 0.7%

NASDAQ:LRCX opened at $258.57 on Tuesday. The firm has a market cap of $323.36 billion, a P/E ratio of 48.79, a PEG ratio of 2.12 and a beta of 1.81. 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's 50 day simple moving average is $236.37 and its 200-day simple moving average is $201.94. Lam Research Corporation has a 12-month low of $72.59 and a 12-month high of $275.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results 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 business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The company's revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities analysts anticipate that Lam Research Corporation will post 5.68 EPS for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, March 4th. Lam Research's dividend payout ratio is currently 19.62%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup reiterated a "buy" rating and issued a $315.00 price objective (up from $300.00) on shares of Lam Research in a research note on Thursday, April 23rd. JPMorgan Chase & Co. boosted their price objective on Lam Research from $300.00 to $315.00 and gave the company an "overweight" rating in a research note on Thursday, April 23rd. Evercore boosted their price objective on Lam Research from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Thursday, April 23rd. B. Riley Financial reiterated a "buy" rating on shares of Lam Research in a research note on Monday, April 20th. Finally, TD Cowen boosted their target price on Lam Research from $290.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $285.94.

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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