Patton Fund Management Inc. Has $8.81 Million Position in Lam Research Corporation $LRCX

Key Points

• Patton Fund Management raised its stake in Lam Research by 2,423.8% in Q4 to 51,435 shares valued at about $8.805 million, making LRCX its 14th largest holding (1.2% of the fund).
• Lam Research beat Q4 estimates with $1.27 EPS vs. $1.17 expected and $5.34B revenue (up 22.1% YoY), set Q3 2026 guidance of $1.25–$1.45 EPS, and carries a consensus "Moderate Buy" rating with an average target of $246.94.
• Insiders have been net sellers recently—CFO and a director sold large blocks (50,057 and 35,000 shares), with insiders offloading 130,886 shares (~$29.66M) in the last three months; insider ownership is about 0.31%.

Patton Fund Management Inc. lifted its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 2,423.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,435 shares of the semiconductor company's stock after purchasing an additional 49,397 shares during the period. Lam Research accounts for 1.2% of Patton Fund Management Inc.'s portfolio, making the stock its 14th largest position. Patton Fund Management Inc.'s holdings in Lam Research were worth $8,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. PMV Capital Advisers LLC bought a new stake in shares of Lam Research in the 4th quarter valued at about $25,000. Stance Capital LLC acquired a new position in shares of Lam Research in the 3rd quarter valued at $26,000. Triumph Capital Management acquired a new position in shares of Lam Research in the 3rd quarter valued at $27,000. Harbor Investment Advisory LLC grew its holdings 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 valued at $41,000 after buying an additional 102 shares during the period. Finally, West Branch Capital LLC grew its holdings in shares of Lam Research by 2,620.0% in the 4th quarter. West Branch Capital LLC now owns 272 shares of the semiconductor company's stock valued at $47,000 after buying an additional 262 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $267.27 on Tuesday. The firm has a market cap of $333.76 billion, a PE ratio of 54.77, a PEG ratio of 2.81 and a beta of 1.78. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 1-year low of $61.14 and a 1-year high of $268.23. The company has a fifty day moving average price of $228.24 and a 200 day moving average price of $190.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.10. The firm had revenue of $5.34 billion during 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%. The company's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders 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 annualized dividend and a yield of 0.4%. Lam Research's payout ratio is 21.31%.

Insiders Place Their Bets

In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of the business's 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 sale, the chief financial officer directly owned 1,081,705 shares of the company's stock, valued at $242,334,371.15. The trade was a 4.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Eric Brandt sold 35,000 shares of the business's stock in a transaction dated 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 sale, the director directly owned 253,705 shares in the company, valued at $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 130,886 shares of company stock valued at $29,658,802 in the last three months. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LRCX. Zacks Research lowered shares of Lam Research from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Mizuho set a $265.00 price target on shares of Lam Research in a report on Wednesday, January 28th. Stifel Nicolaus boosted their price target on shares of Lam Research from $280.00 to $300.00 and gave the company a "buy" rating in a report on Monday. B. Riley Financial reissued a "buy" rating on shares of Lam Research in a report on Thursday, January 15th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Lam Research from $165.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, January 29th. Twenty-seven 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $246.94.

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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