Praxis Investment Management Inc. Buys 2,337 Shares of Lam Research Corporation $LRCX

Praxis Investment Management Inc. increased its stake in Lam Research Corporation (NASDAQ:LRCX) by 8.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,227 shares of the semiconductor company’s stock after acquiring an additional 2,337 shares during the quarter. Praxis Investment Management Inc.’s holdings in Lam Research were worth $6,672,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LRCX. Private Wealth Partners LLC increased its position in Lam Research by 81.9% during the 1st quarter. Private Wealth Partners LLC now owns 3,310 shares of the semiconductor company’s stock valued at $707,000 after purchasing an additional 1,490 shares during the period. Koshinski Asset Management Inc. acquired a new position in shares of Lam Research in the 1st quarter worth approximately $1,249,000. Evolution Wealth Management Inc. boosted its stake in shares of Lam Research by 67.8% in the 1st quarter. Evolution Wealth Management Inc. now owns 1,539 shares of the semiconductor company’s stock valued at $329,000 after purchasing an additional 622 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of Lam Research by 2.6% in the 1st quarter. QRG Capital Management Inc. now owns 261,516 shares of the semiconductor company’s stock valued at $55,876,000 after purchasing an additional 6,525 shares during the last quarter. Finally, Integrity Wealth Partners LLC acquired a new stake in shares of Lam Research during the first quarter worth $1,351,000. 84.61% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Neil J. Fernandes sold 18,170 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the transaction, the senior vice president directly owned 66,129 shares of the company’s stock, valued at $16,872,153.06. This represents a 21.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the transaction, the insider owned 53,205 shares in the company, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 86,339 shares of company stock worth $27,680,267. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LRCX. UBS Group restated a “buy” rating and issued a $375.00 target price (up from $310.00) on shares of Lam Research in a report on Tuesday, June 9th. Rothschild & Co Redburn lifted their price objective on Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Barclays reissued an “overweight” rating and issued a $335.00 price objective (up from $275.00) on shares of Lam Research in a research note on Thursday, June 11th. Raymond James Financial set a $425.00 target price on Lam Research in a research report on Wednesday, June 10th. Finally, B. Riley Financial raised their target price on Lam Research from $350.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $345.39.

Lam Research Stock Performance

LRCX opened at $351.41 on Friday. Lam Research Corporation has a 1-year low of $90.93 and a 1-year high of $438.50. 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 company has a market cap of $439.46 billion, a P/E ratio of 66.30, a price-to-earnings-growth ratio of 2.10 and a beta of 1.80. The company has a fifty day moving average price of $326.35 and a two-hundred day moving average price of $257.36.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Analysts predict that Lam Research Corporation will post 5.68 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research’s dividend payout ratio is presently 19.62%.

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.