Lam Research Corporation $LRCX Shares Bought by AIA Group Ltd

AIA Group Ltd grew its stake in Lam Research Corporation (NASDAQ:LRCX) by 197.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 32,857 shares of the semiconductor company’s stock after buying an additional 21,818 shares during the quarter. AIA Group Ltd’s holdings in Lam Research were worth $4,400,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Lingohr Asset Management GmbH grew its stake in Lam Research by 590.7% during the 3rd quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company’s stock worth $7,974,000 after buying an additional 50,933 shares during the last quarter. Mediolanum International Funds Ltd increased its position in Lam Research by 52.0% during the third quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company’s stock worth $34,417,000 after buying an additional 89,856 shares during the period. First Citizens Bank & Trust Co. lifted its stake in Lam Research by 8.0% in the third quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock valued at $18,804,000 after buying an additional 10,408 shares during the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Lam Research by 115.2% in the third quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company’s stock valued at $2,972,000 after acquiring an additional 11,883 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Lam Research by 30.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock valued at $19,369,000 after acquiring an additional 34,147 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LRCX shares. The Goldman Sachs Group set a $262.00 target price on shares of Lam Research and gave the company a “buy” rating in a report on Thursday, January 29th. Citigroup increased their price target on shares of Lam Research from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Barclays lifted their price objective on shares of Lam Research from $250.00 to $255.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 10th. New Street Research upped their target price on shares of Lam Research from $195.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Finally, UBS Group set a $300.00 target price on shares of Lam Research in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average price target of $245.35.

Insider Buying and Selling at Lam Research

In other news, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of the sale, the director directly owned 253,705 shares of the company’s stock, valued at $57,235,848. This trade represents a 12.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ava Harter sold 1,500 shares of Lam Research stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total value of $333,990.00. Following the completion of the sale, the insider owned 53,205 shares in the company, valued at approximately $11,846,625.30. This trade represents a 2.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is owned by corporate insiders.

Lam Research Stock Performance

Shares of LRCX opened at $233.99 on Friday. The stock has a market capitalization of $292.20 billion, a P/E ratio of 47.95, a P/E/G ratio of 2.42 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $256.68. The company’s fifty day moving average is $226.72 and its two-hundred day moving average is $176.12.

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

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, March 4th. Lam Research’s payout ratio 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.