Lam Research Corporation $LRCX Shares Bought by Clearbridge Investments LLC

by · The Markets Daily

Clearbridge Investments LLC increased its stake in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 5.5% in the 4th quarter, HoldingsChannel reports. The firm owned 451,872 shares of the semiconductor company’s stock after buying an additional 23,687 shares during the quarter. Clearbridge Investments LLC’s holdings in Lam Research were worth $77,351,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of LRCX. Brighton Jones LLC raised its position in shares of Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of Lam Research during the 1st quarter worth approximately $239,000. Gabelli Funds LLC acquired a new position in shares of Lam Research during the 2nd quarter worth approximately $253,000. NewEdge Advisors LLC raised its position in shares of Lam Research by 2.7% during the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after purchasing an additional 2,661 shares during the last quarter. Finally, Osterweis Capital Management Inc. raised its position in shares of Lam Research by 5,206.7% during the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 781 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lam Research

In other news, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction 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 completion of the sale, the insider directly owned 53,205 shares of the company’s stock, valued at $13,762,005.30. The trade was a 10.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the sale, the senior vice president directly owned 58,470 shares of the company’s stock, valued at $18,102,312. This represents a 11.58% 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 a total of 31,839 shares of company stock valued at $8,561,667 over the last three months. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Citigroup restated a “buy” rating and set a $315.00 price objective (up from $300.00) on shares of Lam Research in a research report on Thursday, April 23rd. Needham & Company LLC restated a “buy” rating and set a $300.00 price objective on shares of Lam Research in a research report on Thursday, April 23rd. HSBC lifted their price objective on Lam Research from $221.00 to $247.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Wells Fargo & Company reiterated an “overweight” rating and issued a $575.00 price target (up from $320.00) on shares of Lam Research in a report on Monday, June 1st. Finally, B. Riley Financial boosted their price target on Lam Research from $350.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Twenty-seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and a consensus price target of $303.30.

Get Our Latest Stock Report on Lam Research

Lam Research Trading Up 7.0%

Shares of LRCX opened at $324.45 on Tuesday. The stock has a fifty day moving average of $275.48 and a two-hundred day moving average of $228.55. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The company has a market capitalization of $405.75 billion, a PE ratio of 61.22, a price-to-earnings-growth ratio of 2.51 and a beta of 1.85. Lam Research Corporation has a fifty-two week low of $87.02 and a fifty-two week high of $346.19.

Lam Research (NASDAQ:LRCX – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company 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 company earned $1.04 EPS. The business’s quarterly revenue 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. As a group, analysts forecast that Lam Research Corporation will post 5.67 EPS for the current 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 paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research’s payout ratio is currently 19.62%.

Lam Research Profile

(Free Report)

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.

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