Burns Matteson Capital Management LLC Purchases New Holdings in Lam Research Corporation $LRCX

Burns Matteson Capital Management LLC bought a new position in Lam Research Corporation (NASDAQ:LRCX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,069 shares of the semiconductor company’s stock, valued at approximately $545,000.

Several other large investors have also recently bought and sold shares of the business. IMG Wealth Management Inc. purchased a new position in Lam Research during the 2nd quarter valued at about $26,000. Howard Hughes Medical Institute acquired a new stake in shares of Lam Research during the second quarter worth approximately $27,000. Sound Income Strategies LLC purchased a new position in Lam Research during the third quarter valued at approximately $41,000. Strategic Wealth Investment Group LLC acquired a new position in Lam Research in the 2nd quarter valued at approximately $29,000. Finally, Delos Wealth Advisors LLC acquired a new position in Lam Research in the 2nd quarter valued at approximately $30,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $210.00 price target on shares of Lam Research in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft upped their target price on Lam Research from $160.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. The Goldman Sachs Group raised their price target on Lam Research from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Needham & Company LLC boosted their price target on Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Dbs Bank raised their price objective on shares of Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. Twenty-six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and a consensus price target of $161.21.

Insiders Place Their Bets

In related news, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the transaction, the chief financial officer owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. The trade was a 3.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ava Harter sold 9,010 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $157.47, for a total value of $1,418,804.70. Following the sale, the insider owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. The trade was a 13.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 102,608 shares of company stock valued at $14,916,496. Company insiders own 0.31% of the company’s stock.

Lam Research Trading Up 0.4%

Shares of LRCX stock opened at $178.07 on Friday. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $179.80. The company has a market cap of $223.66 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 2.05 and a beta of 1.77. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $158.39 and its two-hundred day moving average is $125.96.

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

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders 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 of this dividend is Wednesday, December 3rd. Lam Research’s dividend payout ratio (DPR) is currently 22.91%.

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.