Kovack Advisors Inc. Acquires 24,166 Shares of Lam Research Corporation $LRCX

Kovack Advisors Inc. boosted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 352.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,020 shares of the semiconductor company’s stock after buying an additional 24,166 shares during the quarter. Kovack Advisors Inc.’s holdings in Lam Research were worth $5,310,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LRCX. ICICI Prudential Asset Management Co Ltd lifted its holdings in Lam Research by 3.7% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 20,158 shares of the semiconductor company’s stock valued at $3,451,000 after purchasing an additional 722 shares during the last quarter. Sepio Capital LP raised its position in shares of Lam Research by 15.8% in the fourth quarter. Sepio Capital LP now owns 2,085 shares of the semiconductor company’s stock valued at $357,000 after purchasing an additional 284 shares during the period. Absolute Capital Management LLC bought a new position in shares of Lam Research in the fourth quarter valued at about $285,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Lam Research during the 4th quarter worth about $185,000. Finally, Xponance LLC lifted its stake in shares of Lam Research by 1.8% during the 4th quarter. Xponance LLC now owns 362,284 shares of the semiconductor company’s stock worth $62,016,000 after buying an additional 6,308 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Ava Harter sold 6,010 shares of the business’s 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 completion of the transaction, the insider owned 53,205 shares of the company’s stock, valued at $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Neil J. Fernandes sold 18,170 shares of the company’s stock in a transaction dated 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 sale, 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 31,839 shares of company stock worth $8,561,667 in the last 90 days. 0.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LRCX. Berenberg Bank upped their price target on shares of Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. B. Riley Financial boosted their price objective on Lam Research from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Wall Street Zen lowered Lam Research from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Morgan Stanley raised Lam Research from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $293.00 to $331.00 in a report on Monday, May 18th. Finally, TD Cowen boosted their price target on Lam Research from $290.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $322.01.

Lam Research Stock Up 12.7%

Shares of LRCX opened at $362.52 on Friday. 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 $87.75 and a 12 month high of $364.81. The firm’s 50 day moving average is $283.21 and its 200-day moving average is $232.64. The stock has a market capitalization of $453.36 billion, a PE ratio of 68.40, a P/E/G ratio of 2.66 and a beta of 1.85.

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, beating the consensus estimate of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. During the same period in the previous year, the company posted $1.04 earnings per share. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities research analysts forecast that Lam Research Corporation will post 5.67 EPS for the current year.

Lam Research Announces Dividend

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

More Lam Research News

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

• Positive Sentiment: Barclays and other analysts raised price targets on Lam Research after increasing their wafer-fab equipment spending estimates, reinforcing the view that AI infrastructure investment is still running strong and could support more orders for chipmaking tools. Barclays raises price targets on chip stocks after raising WFE estimates
• Positive Sentiment: Lam’s CFO recently lifted the company’s 2026 wafer-fab equipment market forecast to $140 billion, which suggests a stronger spending backdrop for its core business and improved momentum into the second half of the year. Lam Research jumps as upbeat chip-equipment spending outlook and fresh analyst target hikes lift sentiment
• Positive Sentiment: The company’s latest quarterly results beat expectations, with revenue and EPS both ahead of consensus, and guidance pointed to further sequential growth, helping investors believe the business is still in an upcycle. Lam Research jumps as upbeat chip-equipment spending outlook and fresh analyst target hikes lift sentiment
• Neutral Sentiment: Several articles also highlighted Lam Research as a beneficiary of the broader AI infrastructure boom and a “critical enabler” of AI growth, which keeps sentiment constructive, though these pieces were more thematic than company-specific. Lam Research: A Critical Enabler Of AI Growth, Reiterating Buy
• Negative Sentiment: Near-term trading has been volatile, and one recent report noted the stock fell in the prior session, showing that some investors are still worried about valuation and the possibility of a cyclical slowdown after a strong run. Lam Research (LRCX) Falls More Steeply Than Broader Market: What Investors Need to Know

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.