Lam Research Corporation $LRCX Shares Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. boosted its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 913.1% during the third quarter, Holdings Channel reports. The firm owned 7,051 shares of the semiconductor company’s stock after buying an additional 6,355 shares during the quarter. Meeder Asset Management Inc.’s holdings in Lam Research were worth $944,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LRCX. IMG Wealth Management Inc. acquired a new stake in Lam Research in the 2nd quarter valued at about $26,000. Howard Hughes Medical Institute acquired a new position in Lam Research during the second quarter worth about $27,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of Lam Research in the second quarter valued at about $29,000. Delos Wealth Advisors LLC acquired a new stake in shares of Lam Research in the second quarter valued at approximately $30,000. Finally, REAP Financial Group LLC purchased a new position in shares of Lam Research during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Price Performance

LRCX opened at $218.36 on Monday. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $219.59. The company’s 50 day simple moving average is $165.99 and its 200 day simple moving average is $133.33. The stock has a market capitalization of $274.27 billion, a PE ratio of 48.10, a P/E/G ratio of 2.52 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.22 by $0.04. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. Lam Research’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd were issued a $0.26 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

Insider Activity at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the sale, the chief financial officer owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $157.47, for a total value of $1,418,804.70. Following the completion of the transaction, the insider owned 56,786 shares in the company, valued at approximately $8,942,091.42. This trade represents a 13.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 50,418 shares of company stock worth $7,667,305. 0.31% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. New Street Research upped their target price on Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Mizuho set a $220.00 price objective on Lam Research and gave the company an “outperform” rating in a research note on Friday. Citigroup lifted their price objective on Lam Research from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. upped their target price on shares of Lam Research from $113.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Finally, Zacks Research cut shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Twenty-six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.37.

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.