Range Financial Group LLC Acquires 18,649 Shares of Lam Research Corporation $LRCX

Range Financial Group LLC grew its holdings in Lam Research Corporation (NASDAQ:LRCX) by 289.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,089 shares of the semiconductor company’s stock after buying an additional 18,649 shares during the quarter. Lam Research comprises 1.5% of Range Financial Group LLC’s investment portfolio, making the stock its 8th biggest holding. Range Financial Group LLC’s holdings in Lam Research were worth $4,295,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. PMV Capital Advisers LLC acquired a new position in Lam Research during the fourth quarter worth $25,000. Stance Capital LLC purchased a new stake in shares of Lam Research during the 3rd quarter worth $26,000. Howard Hughes Medical Institute purchased a new stake in shares of Lam Research during the 2nd quarter worth $27,000. Triumph Capital Management acquired a new position in shares of Lam Research during the 3rd quarter worth $27,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in shares of Lam Research during the 2nd quarter worth $29,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lam Research

In related news, insider Ava Harter sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $222.66, for a total value of $333,990.00. Following the sale, the insider owned 53,205 shares of the company’s stock, valued at approximately $11,846,625.30. This represents a 2.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the sale, the chief financial officer owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This trade represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Evercore set a $275.00 price objective on shares of Lam Research in a research note on Thursday, January 29th. Cantor Fitzgerald restated an “overweight” rating and set a $320.00 target price (up from $265.00) on shares of Lam Research in a research report on Thursday, January 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $265.00 target price on shares of Lam Research in a report on Thursday, January 29th. Sanford C. Bernstein lifted their price target on shares of Lam Research from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. boosted their price target on Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $245.35.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $199.93 on Tuesday. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $227.35 and its 200 day moving average price is $183.00. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $256.68. The stock has a market cap of $249.67 billion, a price-to-earnings ratio of 40.97, a PEG ratio of 2.28 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, March 4th. Lam Research’s payout ratio 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.