Argus Investors Counsel Inc. Purchases Shares of 3,127 Lam Research Corporation $LRCX

Argus Investors Counsel Inc. acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX) in the 1st quarter, HoldingsChannel reports. The fund acquired 3,127 shares of the semiconductor company’s stock, valued at approximately $668,000.

Several other large investors also recently made changes to their positions in LRCX. Norges Bank purchased a new stake in Lam Research during the 4th quarter worth $3,645,427,000. Price T Rowe Associates Inc. MD raised its position in Lam Research by 352.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock valued at $2,344,347,000 after purchasing an additional 10,666,540 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Lam Research by 781.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock valued at $1,518,542,000 after purchasing an additional 10,053,978 shares during the period. Franklin Resources Inc. lifted its stake in shares of Lam Research by 57.0% during the fourth quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company’s stock worth $1,730,724,000 after purchasing an additional 3,671,073 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its stake in shares of Lam Research by 235.5% during the fourth quarter. Corient Private Wealth LLC now owns 5,199,441 shares of the semiconductor company’s stock worth $890,040,000 after purchasing an additional 3,649,553 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LRCX shares. HSBC increased their target price on Lam Research from $221.00 to $247.00 and gave the company a “hold” rating in a research note on Friday, April 24th. UBS Group restated a “buy” rating and issued a $375.00 price target (up from $310.00) on shares of Lam Research in a report on Tuesday, June 9th. Wall Street Zen downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Barclays reiterated an “overweight” rating and set a $335.00 price objective (up from $275.00) on shares of Lam Research in a research note on Thursday, June 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Twenty-eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and an average target price of $345.39.

Insiders Place Their Bets

In related news, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the sale, the insider directly owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the completion of the transaction, the senior vice president owned 66,129 shares in the company, valued at approximately $16,872,153.06. The trade was a 21.55% 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 have sold a total of 86,339 shares of company stock valued at $27,680,267 in the last quarter. Insiders own 0.31% of the company’s stock.

Lam Research Price Performance

Shares of LRCX stock opened at $351.41 on Monday. The firm has a market cap of $439.46 billion, a P/E ratio of 66.30, a P/E/G ratio of 2.10 and a beta of 1.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. Lam Research Corporation has a 1-year low of $90.93 and a 1-year high of $438.50. The firm has a fifty day moving average of $326.35 and a two-hundred day moving average of $258.02.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the prior year, the business posted $1.04 EPS. The company’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 anticipate that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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

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.