Momentum Wealth Planning LLC Buys New Stake in Lam Research Corporation $LRCX

Momentum Wealth Planning LLC purchased a new stake in Lam Research Corporation (NASDAQ:LRCX) during the first quarter, according to its most recent filing with the SEC. The fund purchased 11,131 shares of the semiconductor company’s stock, valued at approximately $2,382,000. Lam Research comprises about 2.1% of Momentum Wealth Planning LLC’s portfolio, making the stock its 13th largest holding.

Several other hedge funds have also bought and sold shares of the stock. Cedar Mountain Advisors LLC grew its position in shares of Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 85 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in shares of Lam Research in the first quarter worth about $26,000. PMV Capital Advisers LLC purchased a new stake in shares of Lam Research in the fourth quarter worth about $25,000. Bayban bought a new position in Lam Research during the fourth quarter valued at approximately $26,000. Finally, Mcguire Capital Advisors Inc. bought a new position in Lam Research during the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 2.4%

Shares of LRCX stock opened at $313.30 on Friday. The company has a market cap of $391.80 billion, a PE ratio of 59.11, a price-to-earnings-growth ratio of 1.85 and a beta of 1.80. Lam Research Corporation has a 1 year low of $90.93 and a 1 year high of $438.50. The stock’s 50 day simple moving average is $339.57 and its two-hundred day simple moving average is $268.94. 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 (NASDAQ:LRCX) last announced its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. The firm 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 company’s quarterly revenue was up 23.8% on a year-over-year basis. 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. Research analysts predict that Lam Research Corporation will post 5.68 earnings per share for the current year.

Lam Research Dividend Announcement

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

Insider Activity

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of the stock in a transaction on Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the sale, the director owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. This represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 firm’s stock in a transaction dated 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 completion of the sale, the insider owned 53,205 shares of the company’s stock, valued at $13,762,005.30. This trade represents a 10.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 104,621 shares of company stock valued at $33,804,737 over the last ninety days. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on LRCX shares. Morgan Stanley raised their price target on Lam Research from $331.00 to $404.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Seaport Research Partners started coverage on Lam Research in a research report on Monday, May 4th. They set a “buy” rating and a $300.00 target price for the company. Needham & Company LLC raised their target price on shares of Lam Research from $300.00 to $390.00 and gave the company a “buy” rating in a report on Friday, July 10th. The Goldman Sachs Group restated a “buy” rating and issued a $290.00 price target on shares of Lam Research in a research report on Thursday, April 23rd. Finally, Evercore upped their price target on shares of Lam Research from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $358.67.

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.