Westerkirk Capital Inc. Buys 30,200 Shares of Lam Research Corporation $LRCX

Westerkirk Capital Inc. lifted its stake in Lam Research Corporation (NASDAQ:LRCX) by 70.0% during the fourth quarter, HoldingsChannel reports. The firm owned 73,320 shares of the semiconductor company’s stock after purchasing an additional 30,200 shares during the period. Lam Research accounts for about 1.2% of Westerkirk Capital Inc.’s holdings, making the stock its 15th largest position. Westerkirk Capital Inc.’s holdings in Lam Research were worth $12,551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in LRCX. Brighton Jones LLC grew its holdings in shares of Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Lam Research in the first quarter worth about $239,000. Gabelli Funds LLC bought a new position in shares of Lam Research in the second quarter worth about $253,000. NewEdge Advisors LLC grew its holdings in shares of Lam Research by 2.7% in the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after purchasing an additional 2,661 shares during the last quarter. Finally, Osterweis Capital Management Inc. grew its holdings in shares of Lam Research by 5,206.7% in the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 781 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

LRCX stock opened at $324.45 on Tuesday. The firm has a market cap of $405.75 billion, a price-to-earnings ratio of 61.22, a PEG ratio of 2.51 and a beta of 1.85. The firm has a 50-day simple moving average of $275.48 and a two-hundred day simple moving average of $228.55. Lam Research Corporation has a one year low of $87.02 and a one year high of $346.19. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.36 by $0.11. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities analysts forecast that Lam Research Corporation will post 5.67 EPS 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. Investors of record on Wednesday, June 17th will be given a $0.26 dividend. This represents a $1.04 annualized dividend 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 Activity at Lam Research

In related news, insider Ava Harter sold 6,010 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the transaction, the insider directly owned 53,205 shares of the company’s stock, valued at $13,762,005.30. This trade represents a 10.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Neil J. Fernandes sold 18,170 shares of Lam Research stock in a transaction on Friday, May 1st. The stock was sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the sale, the senior vice president owned 66,129 shares of the company’s stock, valued at $16,872,153.06. The trade was a 21.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 31,839 shares of company stock valued at $8,561,667 over the last ninety days. 0.31% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LRCX has been the topic of a number of research analyst reports. Citigroup restated a “buy” rating and issued a $315.00 price target (up from $300.00) on shares of Lam Research in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lam Research from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Zacks Research cut shares of Lam Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Mizuho set a $380.00 target price on shares of Lam Research and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen cut shares of Lam Research from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Twenty-seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and an average price target of $303.30.

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.