Littlejohn Financial Services Inc. Buys Shares of 1,303 Lam Research Corporation $LRCX

Littlejohn Financial Services Inc. bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,303 shares of the semiconductor company’s stock, valued at approximately $278,000.

Other large investors have also modified their holdings of the company. 3Chopt Investment Partners LLC increased its stake in shares of Lam Research by 1.8% during the 1st quarter. 3Chopt Investment Partners LLC now owns 16,701 shares of the semiconductor company’s stock worth $3,573,000 after purchasing an additional 302 shares in the last quarter. McLean Asset Management Corp lifted its stake in Lam Research by 4.6% in the 1st quarter. McLean Asset Management Corp now owns 5,335 shares of the semiconductor company’s stock valued at $1,140,000 after buying an additional 236 shares in the last quarter. Apollon Financial LLC lifted its stake in Lam Research by 8.2% in the 1st quarter. Apollon Financial LLC now owns 1,529 shares of the semiconductor company’s stock valued at $327,000 after buying an additional 116 shares in the last quarter. Formidable Asset Management LLC grew its holdings in Lam Research by 3.1% during the 1st quarter. Formidable Asset Management LLC now owns 2,382 shares of the semiconductor company’s stock valued at $509,000 after buying an additional 72 shares during the last quarter. Finally, First Financial Group Corp acquired a new stake in Lam Research during the 1st quarter valued at $249,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LRCX shares. Barclays reissued an “overweight” rating and issued a $335.00 price target (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. HSBC increased their price objective on Lam Research from $221.00 to $247.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Evercore boosted their target price 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. JPMorgan Chase & Co. upped their target price on shares of Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings cut shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $342.49.

Insider Buying and Selling

In related news, SVP Neil J. Fernandes sold 18,170 shares of Lam Research stock in a transaction on Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the transaction, the senior vice president owned 66,129 shares in the company, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction dated 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 sale, the insider directly 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 position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 86,339 shares of company stock valued at $27,680,267. 0.31% of the stock is currently owned by company insiders.

Lam Research Price Performance

LRCX opened at $410.91 on Tuesday. Lam Research Corporation has a 1 year low of $90.93 and a 1 year high of $414.98. The company’s 50 day simple moving average is $316.90 and its 200 day simple moving average is $251.92. The stock has a market capitalization of $513.87 billion, a PE ratio of 77.53, a P/E/G ratio of 3.14 and a beta of 1.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping 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 net margin of 30.94% and a return on equity of 66.21%. Lam Research’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 5.68 EPS for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) 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.