Swiss National Bank Has $787.59 Million Position in Lam Research Corporation $LRCX

Swiss National Bank lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 6.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,686,200 shares of the semiconductor company’s stock after purchasing an additional 230,600 shares during the period. Swiss National Bank’s holdings in Lam Research were worth $787,593,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LRCX. Precision Wealth Strategies LLC acquired a new position in Lam Research during the 1st quarter worth about $3,222,000. Legacy Wealth Advisors LLC acquired a new stake in Lam Research in the 1st quarter valued at about $235,000. Arjuna Capital bought a new position in shares of Lam Research in the first quarter worth about $309,000. Jennison Associates LLC raised its stake in shares of Lam Research by 296.9% in the first quarter. Jennison Associates LLC now owns 3,373,306 shares of the semiconductor company’s stock worth $720,740,000 after acquiring an additional 2,523,351 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Lam Research by 50.6% during the first quarter. California Public Employees Retirement System now owns 5,870,899 shares of the semiconductor company’s stock worth $1,254,376,000 after purchasing an additional 1,972,277 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on LRCX. Sanford C. Bernstein increased their price target on shares of Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Jefferies Financial Group boosted their price objective on shares of Lam Research from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Bank of America upped their price objective on Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Weiss Ratings lowered Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Finally, Evercore lifted their target price on 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 issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $358.67.

Lam Research Stock Down 2.4%

Shares of NASDAQ:LRCX opened at $313.30 on Friday. Lam Research Corporation has a one year low of $90.93 and a one year high of $438.50. The company has a 50 day moving average of $339.57 and a 200-day moving average of $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. The stock has a market cap of $391.80 billion, a price-to-earnings ratio of 59.11, a P/E/G ratio of 1.85 and a beta of 1.80.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same period in the previous year, the firm posted $1.04 earnings per share. Lam Research’s revenue for the quarter was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, sell-side analysts forecast that Lam Research Corporation will post 5.68 earnings per share for the current year.

Lam Research Announces Dividend

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

Insider Buying and Selling

In other news, Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director directly owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction on Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the sale, the director directly owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 104,621 shares of company stock valued at $33,804,737 over the last 90 days. Company insiders own 0.31% of the company’s stock.

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.