ABC Arbitrage SA Invests $3.09 Million in Lam Research Corporation $LRCX

ABC Arbitrage SA acquired a new stake in Lam Research Corporation (NASDAQ:LRCX) during the first quarter, HoldingsChannel.com reports. The fund acquired 14,469 shares of the semiconductor company’s stock, valued at approximately $3,091,000.

Other large investors also recently modified their holdings of the company. Calamos Advisors LLC raised its stake in Lam Research by 12.8% during the first quarter. Calamos Advisors LLC now owns 413,151 shares of the semiconductor company’s stock worth $88,274,000 after buying an additional 46,734 shares during the last quarter. AMG National Trust Bank grew its holdings in Lam Research by 55.6% during the 1st quarter. AMG National Trust Bank now owns 1,929 shares of the semiconductor company’s stock worth $412,000 after acquiring an additional 689 shares during the period. Retirement Planning Group LLC raised its position in shares of Lam Research by 184.9% in the 1st quarter. Retirement Planning Group LLC now owns 5,225 shares of the semiconductor company’s stock worth $1,116,000 after acquiring an additional 3,391 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Lam Research by 11.6% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 75,637 shares of the semiconductor company’s stock worth $16,161,000 after acquiring an additional 7,861 shares in the last quarter. Finally, Bryn Mawr Trust Advisors LLC lifted its stake in shares of Lam Research by 11.2% in the 1st quarter. Bryn Mawr Trust Advisors LLC now owns 9,598 shares of the semiconductor company’s stock valued at $2,051,000 after purchasing an additional 968 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Neil J. Fernandes sold 18,170 shares of the company’s stock in a transaction 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 sale, the senior vice president owned 66,129 shares in the company, valued at approximately $16,872,153.06. This represents a 21.55% decrease in their ownership of the stock. The sale was disclosed in a 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, Director Eric Brandt sold 54,500 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the sale, the director directly owned 199,205 shares of the company’s stock, valued at $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. 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. Insiders have sold 86,339 shares of company stock worth $27,680,267 over the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Trading Down 5.8%

NASDAQ:LRCX opened at $329.92 on Tuesday. 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 firm has a 50-day moving average of $336.33 and a 200-day moving average of $265.32. The company has a market cap of $412.59 billion, a PE ratio of 62.25, a PEG ratio of 2.07 and a beta of 1.80. Lam Research Corporation has a one year low of $90.93 and a one year high of $438.50.

Lam Research (NASDAQ:LRCX) last posted its 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. The company had revenue of $5.84 billion for 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%. The firm’s revenue was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities research analysts expect that Lam Research Corporation will post 5.68 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.3%. Lam Research’s dividend payout ratio is 19.62%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LRCX. BNP Paribas Exane upped their target price on Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. TD Cowen reiterated a “buy” rating and issued a $400.00 target price (up from $340.00) on shares of Lam Research in a report on Thursday. Jefferies Financial Group boosted their price target on Lam Research from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Barclays restated an “overweight” rating and set a $335.00 price target (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. Finally, Cantor Fitzgerald set a $500.00 price objective on shares of Lam Research and gave the stock an “overweight” rating in a research report on Monday, June 29th. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $350.81.

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.