Tounjian Advisory Partners LLC Takes $2.20 Million Position in Lam Research Corporation $LRCX

Tounjian Advisory Partners LLC purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,848 shares of the semiconductor company’s stock, valued at approximately $2,199,000.

Several other large investors have also recently added to or reduced their stakes in LRCX. Vanguard Group Inc. boosted its holdings in Lam Research by 0.3% in the third quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock worth $17,537,447,000 after purchasing an additional 364,949 shares during the period. State Street Corp raised its holdings in shares of Lam Research by 0.4% during the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after purchasing an additional 265,805 shares during the period. Invesco Ltd. lifted its position in shares of Lam Research by 18.2% in the 3rd quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock worth $2,836,397,000 after buying an additional 3,263,658 shares during the last quarter. Norges Bank bought a new position in shares of Lam Research in the 2nd quarter worth about $1,894,585,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lam Research by 781.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock valued at $1,518,542,000 after buying an additional 10,053,978 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lam Research

In other news, CFO Douglas R. Bettinger sold 50,057 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the transaction, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the sale, the director owned 253,705 shares in the company, valued at approximately $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 130,886 shares of company stock valued at $29,658,802 in the last quarter. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Bank of America boosted their price objective on shares of Lam Research from $195.00 to $245.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. TD Cowen lifted their target price on Lam Research from $170.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $290.00 target price (up from $260.00) on shares of Lam Research in a report on Thursday, January 29th. Stifel Nicolaus increased their price target on Lam Research from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Citigroup raised their price target on Lam Research from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.35.

Lam Research Trading Down 2.4%

Lam Research stock opened at $228.36 on Friday. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $256.68. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $285.17 billion, a price-to-earnings ratio of 46.80, a PEG ratio of 2.46 and a beta of 1.77. The firm has a 50-day moving average price of $226.92 and a two-hundred day moving average price of $177.57.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS 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 analyst estimates of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. Lam Research’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 0.5%. Lam Research’s payout ratio is presently 21.31%.

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.