Lam Research Corporation $LRCX Shares Acquired by MAI Capital Management

MAI Capital Management grew its position in Lam Research Corporation (NASDAQ:LRCX) by 9.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 74,968 shares of the semiconductor company’s stock after purchasing an additional 6,537 shares during the period. MAI Capital Management’s holdings in Lam Research were worth $10,038,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in Lam Research during the 2nd quarter valued at $1,894,585,000. JPMorgan Chase & Co. lifted its holdings in Lam Research by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after purchasing an additional 5,102,589 shares during the period. Artisan Partners Limited Partnership lifted its holdings in Lam Research by 35.4% in the second quarter. Artisan Partners Limited Partnership now owns 9,849,868 shares of the semiconductor company’s stock worth $958,786,000 after purchasing an additional 2,575,456 shares during the period. Sei Investments Co. grew its position in Lam Research by 103.5% in the 2nd quarter. Sei Investments Co. now owns 3,049,460 shares of the semiconductor company’s stock valued at $296,833,000 after buying an additional 1,550,842 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in Lam Research by 48.9% during the 3rd quarter. Voya Investment Management LLC now owns 4,445,681 shares of the semiconductor company’s stock valued at $594,620,000 after buying an additional 1,460,622 shares during the period. Institutional investors own 84.61% of the company’s stock.

Insider Activity

In other news, Director Eric Brandt sold 35,000 shares of the company’s stock in a transaction on 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 transaction, the director directly owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.31% of the stock is owned by company insiders.

Lam Research Trading Up 2.1%

NASDAQ LRCX opened at $249.48 on Thursday. The firm’s 50 day moving average price is $214.18 and its two-hundred day moving average price is $163.37. The stock has a market cap of $311.54 billion, a price-to-earnings ratio of 51.12, a PEG ratio of 2.62 and a beta of 1.78. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $256.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26.

Lam Research (NASDAQ:LRCX) last released its earnings results 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 for 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%.The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The business also recently announced 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. The ex-dividend date is Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Lam Research’s dividend payout ratio is presently 21.31%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LRCX. JPMorgan Chase & Co. upped their price target on shares of Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Summit Insights upgraded Lam Research from a “hold” rating to a “buy” rating in a research report on Thursday, January 29th. Susquehanna set a $325.00 price target on Lam Research and gave the company a “positive” rating in a research note on Thursday, January 29th. HSBC boosted their price objective on Lam Research from $181.00 to $221.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $200.00 price target (up from $175.00) on shares of Lam Research in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $245.19.

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.