Lam Research Corporation $LRCX Shares Bought by Alight Capital Management LP

Alight Capital Management LP raised its position in Lam Research Corporation (NASDAQ:LRCX) by 66.7% in the 4th quarter, Holdings Channel reports. The fund owned 50,000 shares of the semiconductor company’s stock after acquiring an additional 20,000 shares during the period. Lam Research accounts for approximately 2.2% of Alight Capital Management LP’s holdings, making the stock its 14th biggest position. Alight Capital Management LP’s holdings in Lam Research were worth $8,559,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Triumph Capital Management lifted its stake in shares of Lam Research by 22.5% in the fourth quarter. Triumph Capital Management now owns 245 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 45 shares during the period. Traphagen Investment Advisors LLC lifted its stake in shares of Lam Research by 2.4% in the fourth quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 46 shares during the period. Bank of Jackson Hole Trust lifted its stake in shares of Lam Research by 12.6% in the fourth quarter. Bank of Jackson Hole Trust now owns 428 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 48 shares during the period. Field & Main Bank lifted its stake in shares of Lam Research by 1.1% in the fourth quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company’s stock valued at $790,000 after purchasing an additional 50 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Lam Research by 1.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company’s stock valued at $795,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LRCX. New Street Research raised their price objective on shares of Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Seaport Research Partners began coverage on shares of Lam Research in a research note on Monday, May 4th. They issued a “buy” rating and a $300.00 price objective for the company. Cantor Fitzgerald set a $425.00 price objective on shares of Lam Research and gave the company an “overweight” rating in a research note on Wednesday, June 10th. 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. Finally, Mizuho set a $380.00 price objective on shares of Lam Research and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Twenty-eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $333.62.

Insider Transactions at Lam Research

In other news, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the sale, the director directly owned 199,205 shares in the company, valued at $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the sale, the senior vice president owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. This trade represents a 11.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 86,339 shares of company stock worth $27,680,267 over the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Stock Performance

NASDAQ:LRCX opened at $374.18 on Thursday. 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 50-day moving average price of $295.60 and a two-hundred day moving average price of $238.88. Lam Research Corporation has a twelve month low of $87.75 and a twelve month high of $397.63. The company has a market capitalization of $467.94 billion, a P/E ratio of 70.60, a price-to-earnings-growth ratio of 3.04 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same period last year, the firm posted $1.04 EPS. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, research analysts expect that Lam Research Corporation will post 5.7 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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

Key Lam Research News

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Rothschild & Co Redburn raised its price target on Lam Research to $420 from $305 and reiterated a buy rating, signaling confidence in further upside. MarketScreener article on Rothschild & Co Redburn target raise
• Positive Sentiment: Citi also boosted its Lam Research price target to $450 from $315, citing booming wafer fab equipment demand and stronger forecast assumptions for the semiconductor capital spending cycle. Yahoo/Investing.com article on Citi target hike
• Positive Sentiment: Analyst and market commentary continue to point to strong memory-equipment demand and AI-driven packaging growth as key growth catalysts for Lam Research. Motley Fool article on memory stock and Lam Research growth
• Positive Sentiment: Multiple articles describe Lam Research as a profitable, high-quality growth stock, which supports investor enthusiasm around its earnings power and premium valuation. Insider Monkey article on most profitable American stocks
• Neutral Sentiment: There was also insider selling by a director under a pre-arranged 10b5-1 plan, which is notable but not necessarily a negative signal. SEC filing for director share sale
• Neutral Sentiment: The broader chip-equipment group is rallying with Intel’s manufacturing update lifting sentiment across semiconductor stocks, adding sector tailwinds for LRCX. Yahoo/Investing.com article on chip stocks rebound

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.