Lam Research Corporation $LRCX Shares Bought by Burney Co.

Burney Co. grew its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 10.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 324,314 shares of the semiconductor company’s stock after purchasing an additional 30,436 shares during the period. Lam Research accounts for about 1.1% of Burney Co.’s investment portfolio, making the stock its 15th largest position. Burney Co.’s holdings in Lam Research were worth $31,569,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of LRCX. Empowered Funds LLC lifted its position in Lam Research by 10.5% during the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after buying an additional 17,833 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new position in Lam Research during the 1st quarter valued at about $607,000. China Universal Asset Management Co. Ltd. lifted its position in Lam Research by 27.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company’s stock valued at $3,607,000 after purchasing an additional 10,565 shares during the period. Glass Wealth Management Co LLC lifted its position in Lam Research by 8.5% during the 2nd quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock valued at $2,810,000 after purchasing an additional 2,270 shares during the period. Finally, First Interstate Bank acquired a new position in Lam Research during the 2nd quarter valued at about $230,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. B. Riley upped their target price on shares of Lam Research from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, October 20th. KeyCorp raised their target price on shares of Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. raised their target price on shares of Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Needham & Company LLC raised their price target on shares of Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Stifel Nicolaus set a $160.00 price target on shares of Lam Research and gave the stock a “buy” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average price target of $148.54.

Insider Activity at Lam Research

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the sale, the senior vice president directly owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ava Harter sold 9,010 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the sale, the insider directly owned 56,786 shares in the company, valued at approximately $8,942,091.42. This trade represents a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

Lam Research stock opened at $157.46 on Monday. The company has a market capitalization of $197.77 billion, a P/E ratio of 34.68, a P/E/G ratio of 1.68 and a beta of 1.84. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $165.22. The business has a 50 day moving average of $129.13 and a 200-day moving average of $103.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.04. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The company’s revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is presently 22.91%.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.