3,859 Shares in Lam Research Corporation $LRCX Bought by MQS Management LLC

MQS Management LLC bought a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,859 shares of the semiconductor company’s stock, valued at approximately $517,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of LRCX. IMG Wealth Management Inc. acquired a new position in shares of Lam Research during the second quarter valued at about $26,000. Howard Hughes Medical Institute bought a new position in Lam Research during the second quarter valued at about $27,000. Strategic Wealth Investment Group LLC acquired a new position in Lam Research in the 2nd quarter valued at approximately $29,000. Delos Wealth Advisors LLC bought a new stake in shares of Lam Research in the 2nd quarter worth approximately $30,000. Finally, Bank of Jackson Hole Trust grew its holdings in shares of Lam Research by 111.1% during the 2nd quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 200 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Up 3.8%

Shares of LRCX opened at $235.12 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The company has a market cap of $293.61 billion, a price-to-earnings ratio of 48.18, a PEG ratio of 2.43 and a beta of 1.78. The stock has a fifty day moving average price of $198.74 and a two-hundred day moving average price of $153.46. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $251.87.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period last year, the company posted $0.91 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, March 4th. Lam Research’s dividend payout ratio is presently 21.31%.

Wall Street Analyst Weigh In

Several brokerages recently commented on LRCX. Deutsche Bank Aktiengesellschaft raised their target price on Lam Research from $260.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $290.00 price objective (up from $260.00) on shares of Lam Research in a report on Thursday, January 29th. Mizuho set a $265.00 price target on shares of Lam Research in a research note on Wednesday, January 28th. JPMorgan Chase & Co. upped their price objective on Lam Research from $165.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Lam Research in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and an average target price of $244.88.

Insider Activity at Lam Research

In other news, Director Eric Brandt sold 35,000 shares of the stock in a transaction that occurred on 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 directly owned 253,705 shares of the company’s stock, valued at $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This trade represents a 3.90% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.31% of the stock is owned by corporate insiders.

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.