Gotham Asset Management LLC Has $31.76 Million Holdings in Lam Research Corporation $LRCX

Gotham Asset Management LLC increased its holdings in Lam Research Corporation (NASDAQ:LRCX) by 251.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 237,177 shares of the semiconductor company’s stock after purchasing an additional 169,647 shares during the period. Gotham Asset Management LLC’s holdings in Lam Research were worth $31,758,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. First Commonwealth Financial Corp PA raised its holdings in Lam Research by 8.2% during the third quarter. First Commonwealth Financial Corp PA now owns 15,628 shares of the semiconductor company’s stock valued at $2,093,000 after buying an additional 1,178 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Lam Research by 1.5% during the 3rd quarter. Focus Partners Wealth now owns 449,637 shares of the semiconductor company’s stock worth $60,207,000 after acquiring an additional 6,732 shares in the last quarter. Destination Wealth Management increased its holdings in shares of Lam Research by 10.9% during the 3rd quarter. Destination Wealth Management now owns 3,892 shares of the semiconductor company’s stock valued at $521,000 after acquiring an additional 381 shares during the last quarter. Elevation Point Wealth Partners LLC increased its holdings in shares of Lam Research by 476.7% during the 3rd quarter. Elevation Point Wealth Partners LLC now owns 9,931 shares of the semiconductor company’s stock valued at $1,332,000 after acquiring an additional 8,209 shares during the last quarter. Finally, CLG LLC raised its stake in shares of Lam Research by 3.0% in the 3rd quarter. CLG LLC now owns 3,547 shares of the semiconductor company’s stock valued at $475,000 after acquiring an additional 102 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Eric Brandt sold 35,000 shares of the stock in a transaction dated Friday, February 6th. The shares were 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 in the company, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the sale, the chief financial officer directly owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 130,886 shares of company stock worth $29,658,802 in the last ninety days. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LRCX shares. Sanford C. Bernstein boosted their target price on Lam Research from $275.00 to $285.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. JPMorgan Chase & Co. lifted their price target on shares of Lam Research from $165.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Bank of America boosted their price objective on shares of Lam Research from $195.00 to $245.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. B. Riley Financial reaffirmed a “buy” rating on shares of Lam Research in a report on Thursday, January 15th. Finally, Evercore set a $275.00 target price on shares of Lam Research in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.35.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $219.40 on Tuesday. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $256.68. The company has a market cap of $273.98 billion, a P/E ratio of 44.96, a P/E/G ratio of 2.28 and a beta of 1.77. The business’s 50 day moving average is $225.24 and its two-hundred day moving average is $174.48. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.Lam Research’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period 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, equities analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The business also recently declared 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. This represents a $1.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

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.