Geode Capital Management LLC Grows Position in Lam Research Corporation $LRCX

Geode Capital Management LLC lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,747,368 shares of the semiconductor company’s stock after purchasing an additional 126,613 shares during the quarter. Geode Capital Management LLC’s holdings in Lam Research were worth $5,764,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of LRCX. PMV Capital Advisers LLC purchased a new position in shares of Lam Research during the 4th quarter worth $25,000. Stance Capital LLC purchased a new position in shares of Lam Research during the 3rd quarter worth $26,000. Triumph Capital Management purchased a new position in shares of Lam Research during the 3rd quarter worth $27,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Lam Research during the 2nd quarter worth $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Lam Research during the 3rd quarter worth $40,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Price Performance

LRCX opened at $318.93 on Thursday. The stock’s 50-day moving average price is $260.18 and its 200 day moving average price is $218.99. Lam Research Corporation has a 12-month low of $79.49 and a 12-month high of $333.33. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The firm has a market cap of $398.84 billion, a price-to-earnings ratio of 60.18, a PEG ratio of 2.67 and a beta of 1.81.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.Lam Research’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 5.67 earnings per share for the current year.

Lam Research Dividend Announcement

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 given a $0.26 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 19.62%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LRCX. Zacks Research lowered Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Seaport Research Partners started coverage on Lam Research in a research note on Monday, May 4th. They set a “buy” rating and a $300.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and set a $300.00 target price on shares of Lam Research in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft increased their target price on Lam Research from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, KeyCorp reissued a “sector weight” rating on shares of Lam Research in a research note on Thursday, January 29th. Twenty-seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.07.

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 6,010 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the sale, the insider owned 53,205 shares of the company’s stock, valued at $13,762,005.30. This trade represents a 10.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of the 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 directly owned 1,081,705 shares in the company, valued at $242,334,371.15. This represents a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 120,066 shares of company stock valued at $27,953,242 in the last quarter. Corporate insiders own 0.31% of the company’s stock.

About Lam Research

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.