Fiera Capital Corp Purchases 105,853 Shares of Lam Research Corporation $LRCX

Fiera Capital Corp grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 53.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 305,640 shares of the semiconductor company’s stock after acquiring an additional 105,853 shares during the period. Fiera Capital Corp’s holdings in Lam Research were worth $52,319,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PMV Capital Advisers LLC bought a new position in shares of Lam Research during the 4th quarter valued at approximately $25,000. Stance Capital LLC bought a new position in shares of Lam Research during the 3rd quarter valued at approximately $26,000. Triumph Capital Management bought a new position in shares of Lam Research during the 3rd quarter valued at approximately $27,000. Core Wealth Advisors LLC bought a new position in shares of Lam Research during the 4th quarter valued at approximately $29,000. Finally, Strategic Wealth Investment Group LLC bought a new position in shares of Lam Research during the 2nd quarter valued at approximately $29,000. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Performance

NASDAQ LRCX opened at $324.45 on Tuesday. Lam Research Corporation has a 1 year low of $87.02 and a 1 year high of $346.19. 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 stock has a market capitalization of $405.75 billion, a PE ratio of 61.22, a P/E/G ratio of 2.51 and a beta of 1.85. The company’s 50 day simple moving average is $275.48 and its two-hundred day simple moving average is $228.55.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.11. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Analysts predict that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is 19.62%.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Morgan Stanley raised shares of Lam Research from an “underweight” rating to an “overweight” rating and increased their target price for the company from $293.00 to $331.00 in a research report on Monday, May 18th. Susquehanna increased their target price on shares of Lam Research from $350.00 to $385.00 and gave the company a “positive” rating in a research report on Thursday, April 23rd. Evercore increased their target price on shares of Lam Research from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Twenty-seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $303.30.

Insider Buying and Selling at Lam Research

In other news, SVP Neil J. Fernandes sold 7,659 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the sale, the senior vice president owned 58,470 shares in the company, valued at approximately $18,102,312. This trade represents a 11.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the sale, the insider owned 53,205 shares in the company, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 31,839 shares of company stock worth $8,561,667. Corporate insiders own 0.31% of the company’s stock.

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.