Keudell Morrison Wealth Management Invests $3.55 Million in Lam Research Corporation $LRCX

Keudell Morrison Wealth Management purchased a new stake in Lam Research Corporation (NASDAQ:LRCX) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 20,753 shares of the semiconductor company’s stock, valued at approximately $3,552,000. Lam Research accounts for approximately 0.7% of Keudell Morrison Wealth Management’s portfolio, making the stock its 28th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PMV Capital Advisers LLC bought a new stake in shares of Lam Research in the 4th quarter valued at about $25,000. Stance Capital LLC bought a new position in Lam Research during the third quarter worth about $26,000. Triumph Capital Management acquired a new position in Lam Research during the third quarter worth approximately $27,000. Harbor Investment Advisory LLC raised its stake in Lam Research by 73.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 102 shares during the period. Finally, WealthCollab LLC lifted its position in shares of Lam Research by 29.3% in the fourth quarter. WealthCollab LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 55 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Lam Research news, SVP Neil J. Fernandes sold 18,170 shares of Lam Research stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the transaction, the senior vice president directly owned 66,129 shares of the company’s stock, valued at approximately $16,872,153.06. The trade was a 21.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer owned 1,081,705 shares in the company, valued at $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. Insiders sold a total of 120,066 shares of company stock valued at $27,953,242 in the last three months. Insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

LRCX opened at $302.24 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. Lam Research Corporation has a 52-week low of $79.49 and a 52-week high of $303.18. The firm has a market cap of $377.97 billion, a P/E ratio of 57.03, a price-to-earnings-growth ratio of 2.42 and a beta of 1.81. The business’s fifty day moving average is $252.34 and its 200-day moving average is $214.71.

Lam Research (NASDAQ:LRCX) last posted 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. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. Lam Research’s revenue was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Sell-side analysts expect that Lam Research Corporation will post 5.67 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research’s dividend payout ratio is presently 19.62%.

More Lam Research News

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Lam Research opened a new research lab in Salzburg, Austria, to advance chip packaging technology that can increase chip density and lower costs, supporting its growth strategy in AI-related semiconductor manufacturing. Reuters article on Austria lab
• Positive Sentiment: Lam Research said it is adding sensing and AI capabilities to its manufacturing tools while expanding operations in Arizona and California, which could improve product performance and strengthen demand from chipmakers. Reuters article on AI tools and expansion
• Positive Sentiment: Morgan Stanley upgraded Lam Research to Overweight and raised its price target, while Bernstein also lifted its target, reflecting higher expectations for wafer fabrication equipment spending and AI-related demand. Bernstein price target article
• Positive Sentiment: Lam Research raised its WFE outlook amid strong AI chip demand, and analysts see that backdrop supporting revenue and earnings growth in the near term. Zacks article on WFE outlook
• Positive Sentiment: The company also declared a quarterly dividend of $0.26 per share, which signals financial strength and may appeal to income-focused investors. Dividend press release
• Neutral Sentiment: Recent technical coverage noted that LRCX moved above its 20-day moving average, which can reinforce existing bullish momentum but does not by itself change the company’s fundamentals. Zacks technical article
• Neutral Sentiment: Some commentary also compared Lam Research with Applied Materials and highlighted valuation differences, but this is more of an industry debate than a direct catalyst for LRCX. Zacks comparison article

Analyst Ratings Changes

LRCX has been the topic of a number of recent analyst reports. Wall Street Zen lowered Lam Research from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Royal Bank Of Canada upped their price objective on shares of Lam Research from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Berenberg Bank raised their target price on shares of Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Zacks Research downgraded shares of Lam Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Citigroup reissued a “buy” rating and issued a $315.00 price target (up from $300.00) on shares of Lam Research in a report on Thursday, April 23rd. Twenty-seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $293.46.

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.