Meeder Advisory Services Inc. Buys 1,779 Shares of Lam Research Corporation $LRCX

Meeder Advisory Services Inc. raised its stake in Lam Research Corporation (NASDAQ:LRCX) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,126 shares of the semiconductor company’s stock after buying an additional 1,779 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Lam Research were worth $8,787,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 12,936 shares during the period. Caxton Associates LLP acquired a new stake in Lam Research in the first quarter worth $239,000. Gabelli Funds LLC acquired a new stake in Lam Research in the second quarter worth $253,000. NewEdge Advisors LLC boosted its position in shares of Lam Research by 2.7% during the second 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 in the last quarter. Finally, Osterweis Capital Management Inc. boosted its position in shares of Lam Research by 5,206.7% during the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 781 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on LRCX. Mizuho upped their price objective on shares of Lam Research from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Erste Group Bank lowered Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Citigroup reissued a “buy” rating and issued a $450.00 target price (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. The Goldman Sachs Group restated a “buy” rating and issued a $290.00 price target on shares of Lam Research in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada raised their price target on Lam Research from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Twenty-eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $358.67.

Insider Transactions at Lam Research

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the transaction, the director owned 199,205 shares of the company’s stock, valued at $69,881,114. This represents a 21.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the transaction, the director directly owned 87,142 shares of the company’s stock, valued at $29,192,570. This represents a 17.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 104,621 shares of company stock worth $33,804,737. Insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

LRCX opened at $313.30 on Monday. The business’s 50-day moving average price is $339.57 and its two-hundred day moving average price is $269.60. Lam Research Corporation has a 1 year low of $90.93 and a 1 year high of $438.50. The company has a market capitalization of $391.80 billion, a price-to-earnings ratio of 59.11, a P/E/G ratio of 1.86 and a beta of 1.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77.

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

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were paid a $0.26 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research’s payout ratio is presently 19.62%.

About Lam Research

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.