Brookstone Capital Management Has $6.63 Million Stock Position in Lam Research Corporation $LRCX

Brookstone Capital Management grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 48.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 31,034 shares of the semiconductor company’s stock after acquiring an additional 10,150 shares during the period. Brookstone Capital Management’s holdings in Lam Research were worth $6,631,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. PMV Capital Advisers LLC bought a new position in shares of Lam Research in the 4th quarter valued at $25,000. Stance Capital LLC bought a new stake in Lam Research during the 3rd quarter worth $26,000. Bayban bought a new stake in Lam Research during the 4th quarter worth $26,000. Triumph Capital Management acquired a new position in Lam Research in the 3rd quarter worth about $27,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in Lam Research in the 4th quarter worth about $27,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Down 9.3%

NASDAQ LRCX opened at $371.33 on Wednesday. The business’s 50-day moving average price is $306.92 and its two-hundred day moving average price is $245.44. Lam Research Corporation has a 12 month low of $90.93 and a 12 month high of $409.75. The firm has a market capitalization of $464.37 billion, a PE ratio of 70.06, a price-to-earnings-growth ratio of 3.37 and a beta of 1.85. 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 (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm’s revenue was up 23.8% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, analysts expect that Lam Research Corporation will post 5.7 EPS for the current year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders 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 annualized dividend and a yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is presently 19.62%.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Bank of America raised its price target on Lam Research from $330 to $480 and reiterated a buy rating, reinforcing Wall Street’s bullish view on the company’s AI- and memory-driven growth outlook. Read More
• Positive Sentiment: Other recent analyst updates also stayed constructive, including Citi’s $450 target and earlier target hikes from Wells Fargo, Cantor Fitzgerald, UBS, and others, suggesting continued confidence in Lam Research’s demand environment. Article Title
• Neutral Sentiment: Recent commentary highlighted Lam Research’s strong fundamentals, including solid revenue growth and upbeat AI spending trends, but these positives were not enough to offset the day’s sector-wide decline. Article Title
• Negative Sentiment: Lam Research shares were hit by a global chip selloff and profit-taking after a strong run, with investors de-risking from AI and memory-related names across the semiconductor group. Article Title

Insider Transactions at Lam Research

In other news, SVP Neil J. Fernandes sold 18,170 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the completion of the sale, the senior vice president directly 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. The transaction 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, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the transaction, the director directly owned 199,205 shares of the company’s stock, valued at $69,881,114. This represents a 21.48% decrease in their position. 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. In the last 90 days, insiders have sold 86,339 shares of company stock worth $27,680,267. Company insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. UBS Group reiterated a “buy” rating and issued a $375.00 target price (up from $310.00) on shares of Lam Research in a research report on Tuesday, June 9th. Zacks Research cut Lam Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Rothschild & Co Redburn upped their price objective on Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Raymond James Financial set a $425.00 price objective on shares of Lam Research in a report on Wednesday, June 10th. Finally, Royal Bank Of Canada lifted their target price on shares of Lam Research from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and a consensus target price of $334.43.

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.