Lam Research Corporation $LRCX Stock Position Increased by Assetmark Inc.

Assetmark Inc. grew its position in Lam Research Corporation (NASDAQ:LRCX) by 146.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 331,611 shares of the semiconductor company’s stock after purchasing an additional 196,979 shares during the period. Assetmark Inc.’s holdings in Lam Research were worth $70,852,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LRCX. State Street Corp boosted its position in shares of Lam Research by 0.4% during the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after buying an additional 265,805 shares during the period. Geode Capital Management LLC increased its position in Lam Research by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock valued at $5,764,117,000 after acquiring an additional 126,613 shares during the period. Invesco Ltd. increased its position in Lam Research by 7.7% in the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock valued at $3,906,559,000 after acquiring an additional 1,638,406 shares during the period. Norges Bank bought a new stake in Lam Research during the 4th quarter valued at $3,645,427,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Lam Research by 352.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock valued at $2,344,347,000 after acquiring an additional 10,666,540 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Down 2.4%

Shares of Lam Research stock opened at $313.30 on Friday. The firm has a market cap of $391.80 billion, a price-to-earnings ratio of 59.11, a P/E/G ratio of 1.90 and a beta of 1.80. The stock has a 50-day simple moving average of $339.57 and a 200-day simple moving average of $268.94. Lam Research Corporation has a 52-week low of $90.93 and a 52-week high of $438.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The firm’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. On average, equities research analysts expect that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) is 19.62%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LRCX. Erste Group Bank lowered Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. The Goldman Sachs Group reissued a “buy” rating and issued a $290.00 price objective on shares of Lam Research in a research note on Thursday, April 23rd. Weiss Ratings lowered Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Wells Fargo & Company reissued an “overweight” rating and issued a $450.00 price target (up from $365.00) on shares of Lam Research in a report on Monday, June 22nd. Finally, New Street Research raised their price objective on shares of Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Twenty-eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $358.67.

Insider Activity

In related news, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 business’s stock in a transaction on 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 transaction, the insider directly owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 104,621 shares of company stock worth $33,804,737. 0.31% of the stock is owned by company insiders.

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.