Baer Investment Advisory LLC Invests $952,000 in Lam Research Corporation $LRCX

Baer Investment Advisory LLC acquired a new stake in Lam Research Corporation (NASDAQ:LRCX) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 4,458 shares of the semiconductor company’s stock, valued at approximately $952,000.

A number of other hedge funds also recently added to or reduced their stakes in LRCX. PMV Capital Advisers LLC bought a new stake in Lam Research during the 4th quarter valued at $25,000. Stance Capital LLC bought a new position in shares of Lam Research in the 3rd quarter worth $26,000. Bayban bought a new position in shares of Lam Research in the 4th quarter worth $26,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Lam Research during the 1st quarter worth $26,000. Finally, Triumph Capital Management purchased a new stake in shares of Lam Research during the 3rd quarter worth $27,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction that occurred 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 completion of 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. The sale was disclosed in a filing with the SEC, which is available through this link. 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 that occurred on 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 transaction, the insider owned 53,205 shares in the company, valued at $13,762,005.30. This trade represents a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 86,339 shares of company stock worth $27,680,267 over the last three months. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several analyst reports. Bank of America lifted their target price on Lam Research from $330.00 to $480.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Citigroup restated a “buy” rating and issued a $450.00 price target (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $450.00 price objective (up from $365.00) on shares of Lam Research in a research report on Monday, June 22nd. Stifel Nicolaus set a $500.00 target price on shares of Lam Research in a research report on Monday. Finally, Susquehanna restated a “positive” rating and issued a $475.00 target price (up from $385.00) on shares of Lam Research in a research note on Tuesday. Twenty-eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $345.39.

Lam Research Stock Performance

LRCX stock opened at $351.41 on Friday. The company’s 50-day simple moving average is $326.35 and its 200-day simple moving average is $257.36. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a 52-week low of $90.93 and a 52-week high of $438.50. The firm has a market cap of $439.46 billion, a P/E ratio of 66.30, a PEG ratio of 2.10 and a beta of 1.80.

Lam Research (NASDAQ:LRCX) last announced 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 firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.Lam Research’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts forecast that Lam Research Corporation will post 5.68 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed 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. 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%.

Lam Research Company 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.