Western Financial Corp CA Purchases New Stake in Lam Research Corporation $LRCX

Western Financial Corp CA bought a new stake in Lam Research Corporation (NASDAQ:LRCX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,308 shares of the semiconductor company’s stock, valued at approximately $1,251,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LRCX. PMV Capital Advisers LLC acquired a new stake in Lam Research during the fourth quarter worth about $25,000. Stance Capital LLC acquired a new position in Lam Research in the 3rd quarter valued at about $26,000. Howard Hughes Medical Institute acquired a new position in Lam Research in the 2nd quarter valued at about $27,000. Triumph Capital Management purchased a new stake in shares of Lam Research in the 3rd quarter valued at approximately $27,000. Finally, Strategic Wealth Investment Group LLC purchased a new stake in shares of Lam Research in the 2nd quarter valued at approximately $29,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Performance

Shares of LRCX stock opened at $218.44 on Monday. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $256.68. The company has a 50 day moving average price of $227.02 and a 200 day moving average price of $185.77. The stock has a market capitalization of $272.78 billion, a P/E ratio of 44.76, a price-to-earnings-growth ratio of 2.35 and a beta of 1.78. 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 issued its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter last year, the company posted $0.91 EPS. The firm’s 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. Equities research analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. Lam Research’s payout ratio is currently 21.31%.

Insider Activity at Lam Research

In related news, insider Ava Harter sold 1,500 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total transaction of $333,990.00. Following the completion of the transaction, the insider owned 53,205 shares in the company, valued at approximately $11,846,625.30. The trade was a 2.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Eric Brandt sold 35,000 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of the transaction, the director directly owned 253,705 shares in the company, valued at $57,235,848. This trade represents a 12.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,886 shares of company stock valued at $29,658,802 over the last 90 days. 0.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $290.00 price target (up from $260.00) on shares of Lam Research in a research report on Thursday, January 29th. New Street Research lifted their target price on Lam Research from $140.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, March 31st. Stifel Nicolaus increased their price target on Lam Research from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lam Research from $260.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Lam Research in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $245.35.

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.