Calamos Advisors LLC Purchases 46,734 Shares of Lam Research Corporation $LRCX

Calamos Advisors LLC boosted its holdings in Lam Research Corporation (NASDAQ:LRCX) by 12.8% during the first quarter, Holdings Channel.com reports. The fund owned 413,151 shares of the semiconductor company’s stock after buying an additional 46,734 shares during the quarter. Calamos Advisors LLC’s holdings in Lam Research were worth $88,274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AMG National Trust Bank lifted its stake in Lam Research by 55.6% during the first quarter. AMG National Trust Bank now owns 1,929 shares of the semiconductor company’s stock worth $412,000 after purchasing an additional 689 shares during the last quarter. Retirement Planning Group LLC grew its holdings in shares of Lam Research by 184.9% in the first quarter. Retirement Planning Group LLC now owns 5,225 shares of the semiconductor company’s stock worth $1,116,000 after purchasing an additional 3,391 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Lam Research by 11.6% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 75,637 shares of the semiconductor company’s stock valued at $16,161,000 after acquiring an additional 7,861 shares during the period. Bryn Mawr Trust Advisors LLC raised its position in Lam Research by 11.2% during the 1st quarter. Bryn Mawr Trust Advisors LLC now owns 9,598 shares of the semiconductor company’s stock valued at $2,051,000 after purchasing an additional 968 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in shares of Lam Research by 12.4% during the first quarter. Bleakley Financial Group LLC now owns 42,367 shares of the semiconductor company’s stock valued at $9,052,000 after acquiring an additional 4,678 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of Lam Research stock opened at $329.92 on Tuesday. The stock’s 50-day simple moving average is $336.33 and its 200-day simple moving average is $265.32. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a 52 week low of $90.93 and a 52 week high of $438.50. The company has a market capitalization of $412.59 billion, a price-to-earnings ratio of 62.25, a PEG ratio of 2.07 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. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same period last year, the firm posted $1.04 EPS. The company’s revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, analysts expect that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. Lam Research’s dividend payout ratio is presently 19.62%.

Analyst Ratings Changes

LRCX has been the subject of a number of research reports. Citigroup reissued a “buy” rating and issued a $450.00 price target (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. Rothschild & Co Redburn upped their price target on shares of Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Zacks Research downgraded Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. New Street Research lifted their price target on shares of Lam Research from $235.00 to $280.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Lam Research from $300.00 to $325.00 and gave the stock a “buy” rating in a report 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $350.81.

Insider Activity at Lam Research

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the transaction, the director owned 199,205 shares in the company, valued at $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the sale, the insider directly owned 53,205 shares in the company, valued at $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 86,339 shares of company stock valued at $27,680,267. 0.31% of the stock is owned by corporate insiders.

Lam Research Company 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.