Burney Co. Increases Stock Position in Lam Research Corporation $LRCX

Burney Co. raised its stake in Lam Research Corporation (NASDAQ:LRCX) by 16.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 376,281 shares of the semiconductor company’s stock after acquiring an additional 51,967 shares during the quarter. Lam Research makes up 1.6% of Burney Co.’s holdings, making the stock its 10th biggest position. Burney Co.’s holdings in Lam Research were worth $50,384,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of LRCX. Vanguard Group Inc. grew its holdings in Lam Research by 1.1% during the second quarter. Vanguard Group Inc. now owns 130,609,265 shares of the semiconductor company’s stock valued at $12,713,506,000 after purchasing an additional 1,457,163 shares during the period. State Street Corp lifted its position in shares of Lam Research by 1.1% during the 2nd quarter. State Street Corp now owns 59,551,547 shares of the semiconductor company’s stock valued at $5,810,172,000 after buying an additional 629,666 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Lam Research by 14.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after buying an additional 5,102,589 shares during the last quarter. Geode Capital Management LLC increased its holdings in Lam Research by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock worth $3,280,484,000 after acquiring an additional 1,135,405 shares during the last quarter. Finally, Norges Bank purchased a new stake in Lam Research in the 2nd quarter worth about $1,894,585,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Up 0.4%

LRCX opened at $178.07 on Friday. The firm has a market capitalization of $223.66 billion, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 2.05 and a beta of 1.77. Lam Research Corporation has a one year low of $56.32 and a one year high of $179.80. The company has a fifty day moving average price of $158.39 and a 200-day moving average price of $125.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter last year, the business posted $0.86 earnings per share. The firm’s revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Equities research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, December 3rd. Lam Research’s dividend payout ratio is 22.91%.

Insider Activity at Lam Research

In other news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the transaction, the senior vice president owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This represents a 17.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ava Harter sold 9,010 shares of Lam Research stock in a transaction on Monday, October 27th. The stock was sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the sale, the insider directly owned 56,786 shares of the company’s stock, valued at $8,942,091.42. This represents a 13.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 102,608 shares of company stock valued at $14,916,496. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Lam Research from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Stifel Nicolaus set a $160.00 price objective on shares of Lam Research and gave the stock a “buy” rating in a report on Thursday, October 23rd. UBS Group reiterated a “buy” rating and issued a $200.00 price objective (up from $175.00) on shares of Lam Research in a research note on Tuesday. JPMorgan Chase & Co. increased their target price on Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $200.00 price target (up from $175.00) on shares of Lam Research in a research report on Monday, December 15th. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $161.21.

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.