Stokes Capital Advisors LLC Invests $283,000 in Lam Research Corporation $LRCX

Stokes Capital Advisors LLC purchased a new position in Lam Research Corporation (NASDAQ:LRCX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,323 shares of the semiconductor company’s stock, valued at approximately $283,000.

Several other institutional investors also recently added to or reduced their stakes in LRCX. Topsail Wealth Management LLC lifted its stake in Lam Research by 5.1% in the first quarter. Topsail Wealth Management LLC now owns 1,569 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 76 shares during the last quarter. Decker Retirement Planning Inc. increased its position in Lam Research by 49.6% in the first quarter. Decker Retirement Planning Inc. now owns 40,599 shares of the semiconductor company’s stock worth $8,674,000 after buying an additional 13,463 shares during the last quarter. LifeWealth Investments LLC raised its stake in shares of Lam Research by 6.5% in the first quarter. LifeWealth Investments LLC now owns 1,336 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 81 shares during the period. Davidson Trust Co. bought a new stake in shares of Lam Research in the first quarter valued at $206,000. Finally, Cottage Street Advisors LLC lifted its position in shares of Lam Research by 6.6% during the 1st quarter. Cottage Street Advisors LLC now owns 1,285 shares of the semiconductor company’s stock valued at $275,000 after buying an additional 79 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

LRCX stock opened at $401.82 on Friday. The firm has a 50 day moving average of $311.62 and a 200-day moving average of $248.67. The firm has a market capitalization of $502.50 billion, a P/E ratio of 75.82, a price-to-earnings-growth ratio of 3.09 and a beta of 1.85. Lam Research Corporation has a 12 month low of $90.93 and a 12 month high of $409.75. 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 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. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. Lam Research’s revenue 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, sell-side analysts predict that Lam Research Corporation will post 5.7 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders 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 annualized dividend and a dividend yield of 0.3%. Lam Research’s dividend payout ratio is presently 19.62%.

Insider Buying and Selling

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director directly owned 199,205 shares in the company, valued at $69,881,114. This represents a 21.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the sale, the senior vice president owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. This trade represents a 11.58% 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 86,339 shares of company stock worth $27,680,267. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LRCX shares. Berenberg Bank lifted their target price on shares of Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Stifel Nicolaus raised their price objective on shares of Lam Research from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. BNP Paribas Exane lifted their price objective on shares of Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Cantor Fitzgerald set a $425.00 price objective on shares of Lam Research and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Finally, Raymond James Financial set a $425.00 target price on shares of Lam Research in a report on Wednesday, June 10th. Twenty-eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $334.43.

Lam Research News Roundup

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Lam Research opened a new Boise office to get closer to Micron’s memory expansion, reinforcing its role as a key supplier in advanced memory manufacturing and signaling deeper customer engagement. Lam Research (LRCX) Opens Boise Office To Get Closer To Micron’s Memory Expansion
• Positive Sentiment: Micron’s strong quarterly earnings and upbeat outlook are helping push chip stocks higher, which supports sentiment for Lam Research because it supplies equipment used in memory chip production. Micron Q3 earnings beat sends stock surging 18% premarket
• Positive Sentiment: Wells Fargo raised its price target on Lam Research to $450 from $365 and kept an Overweight rating, reflecting growing confidence in semiconductor capital equipment demand. Wells Fargo Raises its Price Target on Lam Research (LRCX)
• Positive Sentiment: Lam Research received an average brokerage recommendation of “Moderate Buy,” adding to the bullish analyst backdrop. Lam Research Corporation (NASDAQ:LRCX) Receives Average Recommendation of “Moderate Buy” from Brokerages
• Neutral Sentiment: Lam Research was said to have “short interest” data showing 0 shares, which appears to be a data anomaly and does not provide a meaningful trading signal.

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.