Prudential PLC boosted its stake in Lam Research Corporation (NASDAQ:LRCX – Free Report) by 21.4% in the fourth quarter, HoldingsChannel reports. The firm owned 92,304 shares of the semiconductor company’s stock after buying an additional 16,247 shares during the period. Prudential PLC’s holdings in Lam Research were worth $15,801,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of LRCX. PMV Capital Advisers LLC acquired a new position in shares of Lam Research during the fourth quarter valued at about $25,000. Stance Capital LLC acquired a new position in shares of Lam Research during the third quarter valued at about $26,000. Triumph Capital Management acquired a new position in shares of Lam Research during the third quarter valued at about $27,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Lam Research during the second quarter valued at about $29,000. Finally, Core Wealth Advisors LLC acquired a new position in shares of Lam Research during the fourth quarter valued at about $29,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
LRCX has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Citigroup reiterated a “buy” rating and set a $315.00 price objective (up from $300.00) on shares of Lam Research in a report on Thursday, April 23rd. Seaport Research Partners initiated coverage on shares of Lam Research in a report on Monday, May 4th. They set a “buy” rating and a $300.00 price objective for the company. B. Riley Financial lifted their price objective on shares of Lam Research from $350.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings cut shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Twenty-seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and a consensus price target of $303.30.
Lam Research Stock Down 9.8%
LRCX opened at $303.28 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The company’s 50-day moving average is $273.22 and its 200 day moving average is $226.72. Lam Research Corporation has a fifty-two week low of $85.86 and a fifty-two week high of $346.19. The firm has a market capitalization of $379.27 billion, a P/E ratio of 57.22, a PEG ratio of 2.79 and a beta of 1.85.
Lam Research (NASDAQ:LRCX – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period last year, the firm earned $1.04 earnings per share. The firm’s revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Research analysts expect that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.
Lam Research Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) is presently 19.62%.
Insider Transactions at Lam Research
In other Lam Research news, SVP Neil J. Fernandes sold 18,170 shares of Lam Research stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction dated 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 directly owned 53,205 shares in the company, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 31,839 shares of company stock worth $8,561,667 over the last three months. 0.31% of the stock is owned by insiders.
More Lam Research News
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Analysts and hedge fund commentary remain constructive on Lam Research, viewing it as a wide-moat leader in semiconductor equipment with meaningful upside potential as chipmakers keep investing in advanced manufacturing. What Do Analysts Say About Lam Research (LRCX)’s Earnings Outlook?
- Positive Sentiment: Investor commentary also points to Lam Research’s growing importance in essential chip manufacturing, reinforcing the view that demand for its tools should stay strong if semiconductor capex continues to rise. Lam Research Corp (LRCX): Increasing Dependence on Essential Chip Manufacturing
- Neutral Sentiment: One bullish article argues Lam Research is still a buy because of its wide moat and leadership position, but it also warns that the stock is trading at a rich valuation, which may limit near-term upside. Lam Research: A Wide-Moat Equipment Leader That I Rate A Buy – Despite A Rich Valuation
- Negative Sentiment: Recent market commentary noted that LRCX slipped even as the broader market rose, suggesting some investors are taking profits after the stock’s strong move higher. Lam Research (LRCX) Stock Slides as Market Rises: Facts to Know Before You Trade
Lam Research 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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