Lam Research Corporation $LRCX Shares Acquired by Mariner LLC

Mariner LLC raised its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 978,956 shares of the semiconductor company’s stock after purchasing an additional 3,446 shares during the period. Mariner LLC owned 0.08% of Lam Research worth $131,082,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Lam Research in the 3rd quarter valued at $40,000. National Bank of Canada FI increased its holdings in shares of Lam Research by 15.1% during the 3rd quarter. National Bank of Canada FI now owns 2,481,819 shares of the semiconductor company’s stock worth $332,314,000 after buying an additional 326,396 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Lam Research by 21.1% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 623,529 shares of the semiconductor company’s stock worth $83,491,000 after buying an additional 108,615 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in Lam Research by 17.9% in the third quarter. Moneta Group Investment Advisors LLC now owns 314,403 shares of the semiconductor company’s stock valued at $42,099,000 after acquiring an additional 47,782 shares during the last quarter. Finally, Knollwood Investment Advisory LLC boosted its holdings in Lam Research by 0.6% in the third quarter. Knollwood Investment Advisory LLC now owns 42,236 shares of the semiconductor company’s stock valued at $5,655,000 after acquiring an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Lam Research stock opened at $219.40 on Tuesday. The firm has a market capitalization of $273.98 billion, a PE ratio of 44.96, a price-to-earnings-growth ratio of 2.28 and a beta of 1.77. Lam Research Corporation has a one year low of $56.32 and a one year high of $256.68. The stock’s 50 day moving average price is $225.24 and its 200 day moving average price is $174.48. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26.

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

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors 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 21.31%.

Insiders Place Their Bets

In other Lam Research news, Director Eric Brandt sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the completion of the sale, the chief financial officer directly owned 1,081,705 shares in the company, valued at $242,334,371.15. This represents a 4.42% 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 worth $29,658,802 in the last quarter. 0.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on LRCX shares. TD Cowen upped their price target on Lam Research from $170.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. lifted 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. Morgan Stanley boosted their target price on Lam Research from $244.00 to $254.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 25th. Cantor Fitzgerald restated an “overweight” rating and issued a $320.00 price target (up from $265.00) on shares of Lam Research in a report on Thursday, January 29th. Finally, Stifel Nicolaus lifted their price target on shares of Lam Research from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price of $245.35.

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.