Ameritas Investment Partners Inc. Acquires 2,904 Shares of Lam Research Corporation $LRCX

Ameritas Investment Partners Inc. increased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,650 shares of the semiconductor company’s stock after buying an additional 2,904 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Lam Research were worth $9,697,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. PMV Capital Advisers LLC bought a new stake in shares of Lam Research during the 4th quarter worth $25,000. Core Wealth Advisors LLC acquired a new position in Lam Research in the 4th quarter worth about $29,000. Stance Capital LLC acquired a new position in Lam Research in the 3rd quarter worth about $26,000. Triumph Capital Management acquired a new position in Lam Research in the 3rd quarter worth about $27,000. Finally, Harbor Investment Advisory LLC increased its holdings in Lam Research by 73.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 102 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Barclays raised its price target on Lam Research (LRCX) to $335 from $275, citing higher wafer fabrication equipment estimates and reinforcing a constructive outlook for chip tools demand. MarketScreener
• Positive Sentiment: Another report said semiconductor equipment stocks, including Lam Research, were trading near record highs as investors continued to bet on strong AI-driven demand for new chip gear. Applied Materials, Other Chip Gear Stocks At Record Highs
• Positive Sentiment: UBS previously lifted its price target on LRCX to $375 from $310, helping fuel the recent rally in the stock. Why Lam Research (LRCX) Stock Is Trading Up Today
• Neutral Sentiment: Lam Research was also mentioned in a broader “unstoppable growth stocks” screen and in investor commentary highlighting its strategic role in the semiconductor industry, but these items did not include new company-specific fundamentals.
• Negative Sentiment: Despite the positive analyst action, Lam Research recently slipped as the semiconductor sector came under pressure, with a broader “correction underway” narrative weighing on chip stocks. Lam Research (LRCX) Falls More Steeply Than Broader Market: What Investors Need to Know

Insider Activity

In other news, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the sale, the senior vice president owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. This represents a 11.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the sale, the insider directly owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 31,839 shares of company stock valued at $8,561,667. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup reaffirmed a “buy” rating and issued a $315.00 target price (up from $300.00) on shares of Lam Research in a report on Thursday, April 23rd. Cantor Fitzgerald set a $425.00 target price on Lam Research and gave the stock an “overweight” rating in a report on Wednesday. TD Cowen upped their target price on Lam Research from $290.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Jefferies Financial Group upped their target price on Lam Research from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $290.00 target price on shares of Lam Research in a report on Thursday, April 23rd. Twenty-seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and an average price target of $322.01.

Lam Research Trading Down 1.6%

Shares of LRCX stock opened at $321.80 on Thursday. The stock has a market cap of $402.43 billion, a price-to-earnings ratio of 60.72, a PEG ratio of 2.71 and a beta of 1.85. The stock has a 50-day moving average of $280.23 and a 200-day moving average of $231.09. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a 1-year low of $87.75 and a 1-year high of $349.09.

Lam Research (NASDAQ:LRCX) last issued its quarterly 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. 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 quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. 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 earnings per share for the current year.

Lam Research Announces Dividend

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 paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research’s dividend payout ratio is presently 19.62%.

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.