3Chopt Investment Partners LLC Raises Stake in Lam Research Corporation $LRCX

3Chopt Investment Partners LLC boosted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 24.9% in the fourth quarter, HoldingsChannel reports. The fund owned 16,399 shares of the semiconductor company’s stock after acquiring an additional 3,266 shares during the period. 3Chopt Investment Partners LLC’s holdings in Lam Research were worth $2,811,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LRCX. PMV Capital Advisers LLC purchased a new position in Lam Research during the 4th quarter valued at about $25,000. Stance Capital LLC purchased a new position in Lam Research during the 3rd quarter valued at about $26,000. Triumph Capital Management purchased a new position in Lam Research during the 3rd quarter valued at about $27,000. Core Wealth Advisors LLC purchased a new position in Lam Research during the 4th quarter valued at about $29,000. Finally, Strategic Wealth Investment Group LLC purchased a new position in Lam Research during the 2nd quarter valued at about $29,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $317.12 on Tuesday. The firm has a 50 day moving average of $265.55 and a 200 day moving average of $222.29. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $396.58 billion, a price-to-earnings ratio of 59.83, a price-to-earnings-growth ratio of 2.63 and a beta of 1.85. Lam Research Corporation has a 12-month low of $80.43 and a 12-month high of $333.33.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, research analysts anticipate that Lam Research Corporation will post 5.67 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research’s payout ratio is 19.62%.

Insider Activity at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the transaction, the chief financial officer owned 1,081,705 shares of the company’s stock, valued at $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the transaction, the insider directly owned 53,205 shares in the company, valued at $13,762,005.30. This represents a 10.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 75,737 shares of company stock worth $17,738,700. 0.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LRCX. Mizuho set a $380.00 price target on shares of Lam Research and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Stifel Nicolaus raised their price objective on shares of Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Jefferies Financial Group raised their price objective on shares of Lam Research from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Citigroup restated a “buy” rating and set a $315.00 price objective (up from $300.00) on shares of Lam Research in a research note on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $303.30.

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.