L2 Asset Management LLC Purchases 10,536 Shares of Lam Research Corporation $LRCX

L2 Asset Management LLC increased its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 60.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,926 shares of the semiconductor company’s stock after acquiring an additional 10,536 shares during the quarter. L2 Asset Management LLC’s holdings in Lam Research were worth $4,780,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LRCX. Brighton Jones LLC increased its holdings in shares of Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after acquiring an additional 12,936 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Lam Research in the first quarter worth about $239,000. Gabelli Funds LLC bought a new stake in shares of Lam Research in the second quarter worth about $253,000. NewEdge Advisors LLC increased its holdings in shares of Lam Research by 2.7% in the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after acquiring an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. increased its holdings in shares of Lam Research by 5,206.7% in the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 781 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Key Lam Research News

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

• Positive Sentiment: Multiple recent articles describe Lam Research as a strong growth and long-term stock, citing its earnings outlook and potential to outperform the market. Is Lam Research (LRCX) a Solid Growth Stock? 3 Reasons to Think “Yes”
• Positive Sentiment: The broader semiconductor sector has been rallying, with chip ETFs and several semiconductor names hitting new highs, which is lifting sentiment across the group, including LRCX. Chips Up 8.8% in One Week: 5 Semiconductor Names Breaking Into New Highs
• Positive Sentiment: Commentary notes Lam Research has surged off its June lows as lower rates and a more favorable Fed backdrop improved risk appetite for semicap stocks. Buy, Hold, or Sell: Lam Research Rocketed 21% Off Its June Lows as a New Fed Begins. Is LRCX Worthwhile at $366?
• Neutral Sentiment: Lam Research director Eric Brandt sold 54,500 shares for about $19.1 million, but the sale was disclosed as part of a pre-arranged Rule 10b5-1 plan, limiting the negative takeaway. SEC filing for director share sale
• Neutral Sentiment: Industry commentary also highlights semiconductor ETFs as a popular trading theme, reinforcing sector momentum but offering no new Lam-specific catalyst. Semiconductor ETFs Now Dominate the Most?Traded List — A Signal You Can’t Ignore

Insider Transactions at Lam Research

In other news, SVP Neil J. Fernandes sold 18,170 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president directly owned 66,129 shares of the company’s stock, valued at $16,872,153.06. This represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the transaction, the insider directly owned 53,205 shares of the company’s stock, valued at $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 86,339 shares of company stock valued at $27,680,267 over the last three months. Company insiders own 0.31% of the company’s stock.

Lam Research Stock Up 6.0%

LRCX stock opened at $388.92 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 stock has a market capitalization of $486.37 billion, a P/E ratio of 73.38, a P/E/G ratio of 3.02 and a beta of 1.85. The business has a 50-day moving average of $289.51 and a 200-day moving average of $235.83. Lam Research Corporation has a fifty-two week low of $87.75 and a fifty-two week high of $393.07.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.Lam Research’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 5.7 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company 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. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 17th. Lam Research’s dividend payout ratio is currently 19.62%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several recent analyst reports. Susquehanna increased their price target on Lam Research from $350.00 to $385.00 and gave the stock a “positive” rating in a report on Thursday, April 23rd. Mizuho set a $380.00 price target on Lam Research and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Needham & Company LLC restated a “buy” rating and issued a $300.00 price target on shares of Lam Research in a report on Thursday, April 23rd. Cantor Fitzgerald set a $425.00 price target on Lam Research and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Finally, Oppenheimer restated an “outperform” rating and issued a $400.00 price target (up from $330.00) on shares of Lam Research in a report on Monday. Twenty-eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $324.26.

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.