Capstone Capital Management Ltd Makes New Investment in Lam Research Corporation $LRCX

Capstone Capital Management Ltd bought a new stake in Lam Research Corporation (NASDAQ:LRCX) during the fourth quarter, HoldingsChannel.com reports. The fund bought 2,273 shares of the semiconductor company’s stock, valued at approximately $389,000.

A number of other large investors also recently modified their holdings of LRCX. PMV Capital Advisers LLC bought a new position in Lam Research in the fourth quarter valued at approximately $25,000. Stance Capital LLC acquired a new position in shares of Lam Research during the 3rd quarter worth approximately $26,000. Triumph Capital Management bought a new position in shares of Lam Research in the third quarter valued at about $27,000. Harbor Investment Advisory LLC lifted its position in Lam Research by 73.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 102 shares during the last quarter. Finally, WealthCollab LLC boosted its stake in Lam Research by 29.3% in the 4th quarter. WealthCollab LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 55 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Susquehanna raised their target price on shares of Lam Research from $350.00 to $385.00 and gave the stock a “positive” rating in a report on Thursday, April 23rd. Jefferies Financial Group upped their price objective on shares of Lam Research from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Morgan Stanley upgraded Lam Research from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $293.00 to $331.00 in a report on Monday. Barclays set a $275.00 price objective on shares of Lam Research and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Finally, HSBC upped their price target on Lam Research from $221.00 to $247.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $292.97.

Lam Research Stock Down 2.4%

Shares of NASDAQ:LRCX opened at $277.96 on Tuesday. The business’s 50 day simple moving average is $247.50 and its two-hundred day simple moving average is $211.98. Lam Research Corporation has a 52-week low of $79.49 and a 52-week high of $302.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The firm has a market cap of $347.61 billion, a P/E ratio of 52.45, a PEG ratio of 2.36 and a beta of 1.81.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. 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. As a group, research analysts forecast that Lam Research Corporation will post 5.67 EPS for the current fiscal year.

Insider Transactions at Lam Research

In other news, insider Ava Harter sold 6,010 shares of the firm’s stock in a transaction on 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 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 the SEC website. Also, SVP Neil J. Fernandes sold 18,170 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the completion of the transaction, the senior vice president owned 66,129 shares in the company, valued at approximately $16,872,153.06. The trade was a 21.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 120,066 shares of company stock worth $27,953,242 in the last quarter. 0.31% of the stock is currently owned by corporate insiders.

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.