6,324 Shares in Lam Research Corporation $LRCX Acquired by Integrity Wealth Partners LLC

Integrity Wealth Partners LLC bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX) in the first quarter, HoldingsChannel.com reports. The firm bought 6,324 shares of the semiconductor company’s stock, valued at approximately $1,351,000. Lam Research makes up 1.2% of Integrity Wealth Partners LLC’s portfolio, making the stock its 20th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of LRCX. Simplify Asset Management Inc. raised its position in shares of Lam Research by 3.2% in the 1st quarter. Simplify Asset Management Inc. now owns 1,526 shares of the semiconductor company’s stock worth $326,000 after acquiring an additional 48 shares in the last quarter. PFG Investments LLC boosted its position in Lam Research by 9.1% during the first quarter. PFG Investments LLC now owns 7,101 shares of the semiconductor company’s stock valued at $1,517,000 after purchasing an additional 590 shares in the last quarter. Baer Investment Advisory LLC purchased a new position in Lam Research in the first quarter valued at about $952,000. World Investment Advisors grew its stake in Lam Research by 29.9% in the first quarter. World Investment Advisors now owns 21,055 shares of the semiconductor company’s stock valued at $4,498,000 after purchasing an additional 4,847 shares during the last quarter. Finally, PAX Financial Group LLC purchased a new position in Lam Research in the first quarter valued at about $219,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $351.41 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. The company has a market cap of $439.46 billion, a PE ratio of 66.30, a P/E/G ratio of 2.10 and a beta of 1.80. The business has a 50-day simple moving average of $326.35 and a two-hundred day simple moving average of $257.36. Lam Research Corporation has a fifty-two week low of $90.93 and a fifty-two week high of $438.50.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.11. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts expect that Lam Research Corporation will post 5.68 EPS for the current fiscal year.

Lam Research Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have commented on LRCX shares. JPMorgan Chase & Co. increased their price target on shares of Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Erste Group Bank downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Raymond James Financial set a $425.00 price objective on shares of Lam Research in a research note on Wednesday, June 10th. Cantor Fitzgerald set a $500.00 target price on shares of Lam Research and gave the company an “overweight” rating in a research report on Monday. Finally, Sanford C. Bernstein raised their target price on shares of Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $345.39.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the transaction, the senior vice president owned 66,129 shares of the company’s stock, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the sale, the director owned 199,205 shares of the company’s stock, valued at $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 86,339 shares of company stock worth $27,680,267. 0.31% of the stock is owned by corporate insiders.

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.