China Universal Asset Management Co. Ltd. Purchases 14,869 Shares of Lam Research Corporation $LRCX

China Universal Asset Management Co. Ltd. grew its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 42.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,911 shares of the semiconductor company’s stock after buying an additional 14,869 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Lam Research were worth $6,694,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LRCX. Vanguard Group Inc. raised its position in Lam Research by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock worth $17,537,447,000 after purchasing an additional 364,949 shares during the last quarter. State Street Corp boosted its holdings in Lam Research by 1.1% in the second quarter. State Street Corp now owns 59,551,547 shares of the semiconductor company’s stock valued at $5,810,172,000 after acquiring an additional 629,666 shares during the last quarter. JPMorgan Chase & Co. increased its position in Lam Research by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after purchasing an additional 5,102,589 shares during the period. Geode Capital Management LLC raised its holdings in Lam Research by 3.5% during 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 purchasing an additional 1,135,405 shares during the last quarter. Finally, Norges Bank acquired a new position in Lam Research during the 2nd quarter valued at about $1,894,585,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In other Lam Research news, Director Eric Brandt sold 35,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the sale, the director directly owned 253,705 shares of the company’s stock, valued at $57,235,848. The trade was a 12.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LRCX. KeyCorp reiterated a “sector weight” rating on shares of Lam Research in a research report on Thursday, January 29th. Evercore set a $275.00 target price on shares of Lam Research in a report on Thursday, January 29th. Oppenheimer restated an “outperform” rating and issued a $265.00 price target on shares of Lam Research in a research report on Thursday, January 29th. Citic Securities upped their price objective on Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 30th. Finally, Susquehanna set a $325.00 target price on Lam Research and gave the stock a “positive” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.88.

Lam Research Stock Performance

Shares of LRCX stock opened at $237.39 on Friday. The company has a market capitalization of $296.45 billion, a P/E ratio of 48.65, a price-to-earnings-growth ratio of 2.57 and a beta of 1.78. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $251.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The company’s 50 day moving average price is $207.42 and its two-hundred day moving average price is $158.84.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

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.