Headlands Technologies LLC Takes Position in Lam Research Corporation $LRCX

Headlands Technologies LLC purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,944 shares of the semiconductor company’s stock, valued at approximately $1,276,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac bought a new stake in Lam Research in the 4th quarter worth about $10,035,000. Rokos Capital Management LLP lifted its stake in Lam Research by 42.0% during the 1st quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company’s stock valued at $55,532,000 after acquiring an additional 76,840 shares during the period. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of Lam Research during the 1st quarter valued at about $59,973,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Lam Research in the first quarter worth approximately $26,489,000. Finally, Krilogy Financial LLC grew its stake in shares of Lam Research by 19.5% in the first quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company’s stock worth $6,006,000 after acquiring an additional 4,584 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Performance

LRCX opened at $301.49 on Tuesday. The company has a 50 day simple moving average of $328.26 and a two-hundred day simple moving average of $290.09. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The firm has a market cap of $377.26 billion, a P/E ratio of 52.34, a PEG ratio of 1.20 and a beta of 1.84. Lam Research Corporation has a 1-year low of $94.11 and a 1-year high of $438.50.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same period last year, the firm earned $1.33 EPS. The company’s revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities analysts forecast that Lam Research Corporation will post 9.33 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be given a $0.33 dividend. The ex-dividend date is Wednesday, September 23rd. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a dividend yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is presently 18.06%.

Insider Transactions at Lam Research

In related news, Director Eric Brandt sold 54,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director directly owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. The trade was a 21.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the sale, the director directly owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

LRCX has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $320.00 price objective on shares of Lam Research in a research report on Thursday, July 30th. Evercore reiterated an “outperform” rating and set a $355.00 target price on shares of Lam Research in a research note on Monday, July 20th. Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. HSBC restated a “hold” rating and issued a $333.00 price target on shares of Lam Research in a research note on Monday, July 27th. Finally, Citigroup reiterated a “buy” rating and set a $450.00 price objective (up from $315.00) on shares of Lam Research in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $357.31.

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.