Baker Avenue Asset Management LP Buys 27,088 Shares of Lam Research Corporation $LRCX

Baker Avenue Asset Management LP increased its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 18.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 176,975 shares of the semiconductor company’s stock after buying an additional 27,088 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Lam Research were worth $30,295,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Thoroughbred Financial Services LLC lifted its position in shares of Lam Research by 0.8% during the 4th quarter. Thoroughbred Financial Services LLC now owns 22,379 shares of the semiconductor company’s stock worth $3,830,000 after buying an additional 181 shares during the period. Murphy & Mullick Capital Management Corp lifted its position in shares of Lam Research by 10.9% during the 4th quarter. Murphy & Mullick Capital Management Corp now owns 3,560 shares of the semiconductor company’s stock worth $609,000 after buying an additional 350 shares during the period. IPG Investment Advisors LLC lifted its position in shares of Lam Research by 366.4% during the 4th quarter. IPG Investment Advisors LLC now owns 10,260 shares of the semiconductor company’s stock worth $1,757,000 after buying an additional 8,060 shares during the period. Connecticut Capital Management Group LLC bought a new position in shares of Lam Research during the 4th quarter worth approximately $218,000. Finally, Texas Capital Bank Wealth Management Services Inc lifted its position in shares of Lam Research by 3.4% during the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 109,828 shares of the semiconductor company’s stock worth $18,800,000 after buying an additional 3,614 shares during the period. Institutional investors own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In other news, CFO Douglas R. Bettinger sold 50,057 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the transaction, the chief financial officer directly owned 1,081,705 shares in the company, valued at $242,334,371.15. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the transaction, the senior vice president owned 66,129 shares in the company, valued at $16,872,153.06. This represents 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 120,066 shares of company stock worth $27,953,242 in the last three months. Insiders own 0.31% of the company’s stock.

Lam Research Stock Down 1.2%

NASDAQ LRCX opened at $318.93 on Thursday. The stock has a fifty day moving average of $260.18 and a 200-day moving average of $218.99. The stock has a market capitalization of $398.84 billion, a P/E ratio of 60.18, a price-to-earnings-growth ratio of 2.67 and a beta of 1.81. Lam Research Corporation has a 52 week low of $79.49 and a 52 week high of $333.33. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 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 analysts’ expectations of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The business’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same period last year, the firm earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities research analysts forecast that Lam Research Corporation will post 5.67 EPS for the current year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) is currently 19.62%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. KeyCorp reaffirmed a “sector weight” rating on shares of Lam Research in a report on Thursday, January 29th. New Street Research raised their price target on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Wall Street Zen cut Lam Research from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Summit Insights raised Lam Research from a “hold” rating to a “buy” rating in a report on Thursday, January 29th. Finally, Citic Securities raised their price target on Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 30th. Twenty-seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $295.07.

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.