Cache Advisors LLC Increases Position in Lam Research Corporation $LRCX

Cache Advisors LLC lifted its position in Lam Research Corporation (NASDAQ:LRCX) by 52.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,178 shares of the semiconductor company’s stock after acquiring an additional 5,928 shares during the period. Lam Research accounts for approximately 0.4% of Cache Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Cache Advisors LLC’s holdings in Lam Research were worth $3,670,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. purchased a new stake in Lam Research during the 1st quarter valued at about $241,000. New Covenant Trust Company N.A. acquired a new stake in shares of Lam Research during the first quarter worth about $218,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Lam Research during the first quarter worth about $26,000. Legacy Wealth Partners LLC boosted its position in Lam Research by 3.9% in the first quarter. Legacy Wealth Partners LLC now owns 1,691 shares of the semiconductor company’s stock valued at $361,000 after buying an additional 63 shares during the last quarter. Finally, Krilogy Financial LLC boosted its position in Lam Research by 19.5% in the first quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company’s stock valued at $6,006,000 after buying an additional 4,584 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LRCX shares. Seaport Research Partners initiated coverage on shares of Lam Research in a research report on Monday, May 4th. They set a “buy” rating and a $300.00 price target for the company. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $450.00 price objective (up from $365.00) on shares of Lam Research in a report on Monday. Mizuho set a $380.00 price objective on shares of Lam Research and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Susquehanna raised their target price on shares of Lam Research from $350.00 to $385.00 and gave the stock a “positive” rating in a report on Thursday, April 23rd. Finally, B. Riley Financial boosted their target price on shares of Lam Research from $350.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $334.43.

Insider Buying and Selling

In related news, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the sale, the insider owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Neil J. Fernandes sold 7,659 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the transaction, the senior vice president owned 58,470 shares of the company’s stock, valued at $18,102,312. This represents a 11.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 86,339 shares of company stock valued at $27,680,267. 0.31% of the stock is owned by corporate insiders.

More Lam Research News

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Bank of America raised its price target on Lam Research from $330 to $480 and reiterated a buy rating, reinforcing Wall Street’s bullish view on the company’s AI- and memory-driven growth outlook. Read More
• Positive Sentiment: Other recent analyst updates also stayed constructive, including Citi’s $450 target and earlier target hikes from Wells Fargo, Cantor Fitzgerald, UBS, and others, suggesting continued confidence in Lam Research’s demand environment. Article Title
• Neutral Sentiment: Recent commentary highlighted Lam Research’s strong fundamentals, including solid revenue growth and upbeat AI spending trends, but these positives were not enough to offset the day’s sector-wide decline. Article Title
• Negative Sentiment: Lam Research shares were hit by a global chip selloff and profit-taking after a strong run, with investors de-risking from AI and memory-related names across the semiconductor group. Article Title

Lam Research Stock Performance

NASDAQ LRCX opened at $371.33 on Wednesday. The stock has a market capitalization of $464.37 billion, a price-to-earnings ratio of 70.06, a PEG ratio of 3.37 and a beta of 1.85. Lam Research Corporation has a twelve month low of $90.93 and a twelve month high of $409.75. 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 stock has a 50-day moving average of $306.92 and a 200 day moving average of $245.44.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Sell-side analysts anticipate that Lam Research Corporation will post 5.7 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be paid 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%.

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.