Private Wealth Partners LLC Acquires 1,490 Shares of Lam Research Corporation $LRCX

Private Wealth Partners LLC raised its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 81.9% in the first quarter, Holdings Channel reports. The institutional investor owned 3,310 shares of the semiconductor company’s stock after acquiring an additional 1,490 shares during the period. Private Wealth Partners LLC’s holdings in Lam Research were worth $707,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LRCX. Greenup Street Wealth Management LLC grew its position in shares of Lam Research by 1.8% during the 1st quarter. Greenup Street Wealth Management LLC now owns 2,433 shares of the semiconductor company’s stock valued at $520,000 after acquiring an additional 44 shares during the period. Triumph Capital Management increased its stake in shares of Lam Research by 22.5% in the 4th quarter. Triumph Capital Management now owns 245 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 45 shares in the last quarter. Traphagen Investment Advisors LLC raised its holdings in Lam Research by 2.4% in the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock worth $336,000 after purchasing an additional 46 shares during the period. Simplify Asset Management Inc. raised its holdings in Lam Research by 3.2% in the 1st quarter. Simplify Asset Management Inc. now owns 1,526 shares of the semiconductor company’s stock worth $326,000 after purchasing an additional 48 shares during the period. Finally, Bank of Jackson Hole Trust lifted its position in Lam Research by 12.6% during the fourth quarter. Bank of Jackson Hole Trust now owns 428 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 48 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Price Performance

NASDAQ LRCX opened at $351.41 on Friday. The stock’s 50 day moving average is $326.35 and its 200 day moving average is $257.36. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a 12 month low of $90.93 and a 12 month high of $438.50. The stock has a market cap of $439.46 billion, a PE ratio of 66.30, a P/E/G ratio of 2.10 and a beta of 1.80.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. The business had revenue of $5.84 billion during 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 company’s revenue was up 23.8% on a year-over-year basis. During the same period last year, the firm posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Research analysts predict that Lam Research Corporation will post 5.68 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. Shareholders of record on Wednesday, June 17th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research’s payout ratio is currently 19.62%.

Insider Buying and Selling at Lam Research

In other news, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction dated 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 sale, the insider directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the sale, the senior vice president owned 58,470 shares in the company, valued at $18,102,312. This represents a 11.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 86,339 shares of company stock worth $27,680,267. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LRCX. Wells Fargo & Company reissued an “overweight” rating and set a $450.00 price target (up from $365.00) on shares of Lam Research in a report on Monday, June 22nd. Stifel Nicolaus set a $500.00 price objective on Lam Research in a research note on Monday, June 29th. Erste Group Bank cut Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $290.00 price objective on shares of Lam Research in a research note on Thursday, April 23rd. Finally, Cantor Fitzgerald set a $500.00 target price on shares of Lam Research and gave the stock an “overweight” rating in a report on Monday, June 29th. Twenty-eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $345.39.

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.