Williamson Legacy Group LLC Acquires Shares of 7,934 Lam Research Corporation $LRCX

Williamson Legacy Group LLC acquired a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,934 shares of the semiconductor company’s stock, valued at approximately $1,358,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Syverson Strege & Co increased its stake in Lam Research by 32.3% during the 4th quarter. Syverson Strege & Co now owns 2,057 shares of the semiconductor company’s stock valued at $352,000 after purchasing an additional 502 shares in the last quarter. TrustBank bought a new stake in Lam Research during the 4th quarter valued at about $537,000. Roundview Capital LLC bought a new stake in Lam Research during the 4th quarter valued at about $489,000. Integrity Alliance LLC. increased its stake in Lam Research by 2.2% during the 4th quarter. Integrity Alliance LLC. now owns 7,421 shares of the semiconductor company’s stock valued at $1,270,000 after purchasing an additional 159 shares in the last quarter. Finally, AlphaQuest LLC increased its stake in Lam Research by 25.4% during the 4th quarter. AlphaQuest LLC now owns 8,746 shares of the semiconductor company’s stock valued at $1,497,000 after purchasing an additional 1,773 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $322.68 on Wednesday. The firm’s 50-day moving average price is $258.19 and its 200-day moving average price is $217.89. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The company has a market cap of $403.53 billion, a PE ratio of 60.88, a PEG ratio of 2.53 and a beta of 1.81. Lam Research Corporation has a 52-week low of $79.49 and a 52-week high of $323.98.

Lam Research (NASDAQ:LRCX) last posted 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 for the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm’s revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, analysts anticipate that Lam Research Corporation will post 5.67 EPS for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be issued a $0.26 dividend. The ex-dividend date of this dividend is 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 (DPR) is presently 19.62%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LRCX. Sanford C. Bernstein raised their price objective 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. Summit Insights raised shares of Lam Research from a “hold” rating to a “buy” rating in a report on Thursday, January 29th. New Street Research raised their price target on shares of Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price target on shares of Lam Research in a report on Thursday, April 23rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $290.00 price target 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $293.46.

Insider Buying and Selling

In related news, insider Ava Harter sold 6,010 shares of the firm’s 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 of the company’s stock, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the completion of the transaction, the senior vice president directly owned 66,129 shares in the company, valued at approximately $16,872,153.06. The trade was a 21.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 120,066 shares of company stock valued at $27,953,242. 0.31% of the stock is owned by insiders.

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.