Hillsdale Investment Management Inc. Makes New Investment in Lam Research Corporation $LRCX

Hillsdale Investment Management Inc. purchased a new position in Lam Research Corporation (NASDAQ:LRCX) in the third quarter, HoldingsChannel.com reports. The fund purchased 9,180 shares of the semiconductor company’s stock, valued at approximately $1,229,000.

Several other institutional investors and hedge funds have also made changes to their positions in LRCX. Brighton Jones LLC boosted its stake in shares of Lam Research by 1,032.4% during the 4th 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 purchased a new position in shares of Lam Research during the first quarter valued at approximately $239,000. Ignite Planners LLC lifted its stake in shares of Lam Research by 32.8% during the second quarter. Ignite Planners LLC now owns 5,169 shares of the semiconductor company’s stock valued at $520,000 after buying an additional 1,277 shares during the period. Carnegie Investment Counsel acquired a new stake in Lam Research during the second quarter worth approximately $639,000. Finally, Whipplewood Advisors LLC grew its stake in Lam Research by 38.2% in the 2nd quarter. Whipplewood Advisors LLC now owns 1,458 shares of the semiconductor company’s stock worth $142,000 after acquiring an additional 403 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LRCX shares. TD Cowen increased their price target on Lam Research from $170.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. New Street Research upped their target price on Lam Research from $195.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. KeyCorp reissued a “sector weight” rating on shares of Lam Research in a research note on Thursday, January 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $290.00 price target (up previously from $260.00) on shares of Lam Research in a report on Thursday, January 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $320.00 price objective (up from $265.00) on shares of Lam Research in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $244.88.

Insider Activity at Lam Research

In other news, Director Eric Brandt sold 35,000 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of the sale, the director owned 253,705 shares of the company’s stock, valued at $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Trading Down 1.1%

NASDAQ LRCX opened at $242.27 on Tuesday. The firm has a market capitalization of $302.54 billion, a price-to-earnings ratio of 49.65, a PEG ratio of 2.63 and a beta of 1.78. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. Lam Research Corporation has a one year low of $56.32 and a one year high of $251.87. The company’s 50 day moving average price is $210.67 and its 200 day moving average price is $161.76.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, sell-side analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is 21.31%.

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.