Lam Research Corporation $LRCX Shares Acquired by Master S Wealth Management Inc.

Master S Wealth Management Inc. grew its stake in Lam Research Corporation (NASDAQ:LRCX) by 77.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,149 shares of the semiconductor company’s stock after acquiring an additional 1,377 shares during the period. Lam Research comprises 0.2% of Master S Wealth Management Inc.’s investment portfolio, making the stock its 27th biggest holding. Master S Wealth Management Inc.’s holdings in Lam Research were worth $673,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. State Street Corp increased its holdings in Lam Research by 0.4% in the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock valued at $8,024,684,000 after purchasing an additional 265,805 shares during the last quarter. Geode Capital Management LLC raised its position in Lam Research by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock valued at $5,764,117,000 after purchasing an additional 126,613 shares during the period. Invesco Ltd. lifted its stake in Lam Research by 7.7% during the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock worth $3,906,559,000 after purchasing an additional 1,638,406 shares in the last quarter. Norges Bank acquired a new position in Lam Research during the fourth quarter worth $3,645,427,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Lam Research by 352.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock worth $2,344,347,000 after buying an additional 10,666,540 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Up 8.4%

Shares of NASDAQ LRCX opened at $410.91 on Tuesday. The stock has a market cap of $513.87 billion, a P/E ratio of 77.53, a PEG ratio of 3.14 and a beta of 1.85. The business’s fifty day simple moving average is $316.90 and its 200-day simple moving average is $251.92. Lam Research Corporation has a 12-month low of $90.93 and a 12-month high of $414.98. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35.

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

Lam Research Announces Dividend

The business 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 dividend of $0.26 per share. 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 payout ratio is currently 19.62%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of a number of research reports. Mizuho set a $380.00 price objective on Lam Research and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Morgan Stanley raised Lam Research from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $293.00 to $331.00 in a research note on Monday, May 18th. The Goldman Sachs Group restated a “buy” rating and set a $290.00 target price on shares of Lam Research in a report on Thursday, April 23rd. B. Riley Financial lifted their target price on Lam Research from $350.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Erste Group Bank lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Twenty-eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $342.49.

Insider Buying and Selling

In related news, insider Ava Harter sold 6,010 shares of the company’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 transaction of $1,554,546.60. Following the sale, the insider directly owned 53,205 shares in the company, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the transaction, the senior vice president owned 58,470 shares of the company’s stock, valued at $18,102,312. This represents a 11.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 86,339 shares of company stock worth $27,680,267. 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.