Whittier Trust Co. Raises Stock Position in Lam Research Corporation $LRCX

Whittier Trust Co. raised its holdings in Lam Research Corporation (NASDAQ:LRCX) by 202.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 170,604 shares of the semiconductor company’s stock after purchasing an additional 114,183 shares during the quarter. Whittier Trust Co.’s holdings in Lam Research were worth $37,644,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vermillion Wealth Management Inc. acquired a new position in shares of Lam Research in the 1st quarter valued at about $26,000. PMV Capital Advisers LLC acquired a new stake in Lam Research during the fourth quarter worth about $25,000. Bayban purchased a new position in Lam Research during the fourth quarter valued at approximately $26,000. Mcguire Capital Advisors Inc. purchased a new position in Lam Research during the fourth quarter valued at approximately $27,000. Finally, Core Wealth Advisors LLC acquired a new position in Lam Research in the fourth quarter valued at approximately $29,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LRCX has been the topic of several recent research reports. TD Cowen upped their price objective on Lam Research from $290.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. HSBC lifted their target price on shares of Lam Research from $221.00 to $247.00 and gave the company a “hold” rating in a report on Friday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Lam Research from $300.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Stifel Nicolaus set a $500.00 price target on shares of Lam Research in a research report on Monday, June 29th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $290.00 price objective on shares of Lam Research in a report on Thursday, April 23rd. Twenty-eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $345.39.

Insider Activity

In other news, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction dated 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 sale, the insider owned 53,205 shares in the company, valued at $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the transaction, the director owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their position. 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 have sold a total of 86,339 shares of company stock worth $27,680,267 over the last 90 days. 0.31% of the stock is currently owned by company insiders.

Lam Research Price Performance

Lam Research stock opened at $351.41 on Monday. 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 $439.46 billion, a PE ratio of 66.30, a price-to-earnings-growth ratio of 2.10 and a beta of 1.80. The business has a 50 day simple moving average of $326.35 and a 200-day simple moving average of $258.02. Lam Research Corporation has a 12 month low of $90.93 and a 12 month high of $438.50.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter last year, the firm posted $1.04 EPS. The business’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. On average, analysts anticipate that Lam Research Corporation will post 5.68 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a 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%.

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.