CoreCap Advisors LLC Grows Stake in Lam Research Corporation $LRCX

CoreCap Advisors LLC increased its position in Lam Research Corporation (NASDAQ:LRCX) by 314.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 26,591 shares of the semiconductor company’s stock after acquiring an additional 20,180 shares during the quarter. CoreCap Advisors LLC’s holdings in Lam Research were worth $4,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. PMV Capital Advisers LLC bought a new position in shares of Lam Research in the 4th quarter worth approximately $25,000. Stance Capital LLC bought a new stake in Lam Research during the third quarter valued at approximately $26,000. Howard Hughes Medical Institute purchased a new stake in Lam Research during the second quarter valued at approximately $27,000. Triumph Capital Management purchased a new stake in Lam Research during the third quarter valued at approximately $27,000. Finally, Strategic Wealth Investment Group LLC bought a new position in Lam Research in the second quarter worth approximately $29,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

LRCX has been the subject of a number of recent research reports. Citic Securities boosted their price objective on shares of Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Rothschild & Co Redburn lifted their target price on Lam Research from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Barclays boosted their price target on Lam Research from $250.00 to $255.00 and gave the company an “equal weight” rating in a report on Tuesday, March 10th. UBS Group set a $300.00 price target on Lam Research in a research report on Thursday, January 29th. Finally, KeyCorp reaffirmed a “sector weight” rating 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 stock. According to data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.35.

Lam Research Stock Performance

NASDAQ LRCX opened at $211.41 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $256.68. The business has a 50-day moving average price of $227.81 and a 200-day moving average price of $181.35. The firm has a market cap of $264.00 billion, a price-to-earnings ratio of 43.32, a price-to-earnings-growth ratio of 2.28 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the previous year, the firm earned $0.91 EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, equities research analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. Lam Research’s dividend payout ratio is currently 21.31%.

Insider Activity at Lam Research

In other news, CFO Douglas R. Bettinger sold 50,057 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the completion of the transaction, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ava Harter sold 4,000 shares of Lam Research stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $232.50, for a total value of $930,000.00. Following the completion of the sale, the insider directly owned 54,705 shares in the company, valued at $12,718,912.50. This trade represents a 6.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 130,886 shares of company stock valued at $29,658,802. Corporate insiders own 0.31% of the company’s stock.

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.