QRG Capital Management Inc. Boosts Position in Lam Research Corporation $LRCX

QRG Capital Management Inc. boosted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 2.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,516 shares of the semiconductor company’s stock after buying an additional 6,525 shares during the quarter. Lam Research makes up 0.6% of QRG Capital Management Inc.’s portfolio, making the stock its 26th largest position. QRG Capital Management Inc.’s holdings in Lam Research were worth $55,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac bought a new position in Lam Research during the 4th quarter worth about $10,035,000. Generali Investments Management Co LLC raised its holdings in shares of Lam Research by 62.0% in the 4th quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company’s stock valued at $6,209,000 after purchasing an additional 13,878 shares in the last quarter. Krilogy Financial LLC raised its holdings in shares of Lam Research by 19.5% in the 1st quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company’s stock valued at $6,006,000 after purchasing an additional 4,584 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Lam Research in the 1st quarter worth approximately $26,489,000. Finally, Whalen Wealth Management Inc. purchased a new stake in shares of Lam Research in the 4th quarter worth approximately $1,423,000. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LRCX. Oppenheimer reiterated an “outperform” rating and set a $400.00 price objective (up from $330.00) on shares of Lam Research in a research note on Monday, June 15th. Rothschild & Co Redburn increased their target price on Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Citigroup reaffirmed a “buy” rating and set a $450.00 target price (up from $315.00) on shares of Lam Research in a research report on Wednesday, June 17th. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price target on shares of Lam Research in a report on Thursday, April 23rd. Finally, HSBC boosted their price target on Lam Research from $221.00 to $247.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Twenty-eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $345.39.

Lam Research Stock Performance

NASDAQ LRCX opened at $351.41 on Friday. Lam Research Corporation has a 52 week low of $90.93 and a 52 week high of $438.50. The company has a 50 day moving average price of $326.35 and a 200 day moving average price of $257.36. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The firm has a market cap of $439.46 billion, a PE ratio of 66.30, a price-to-earnings-growth ratio of 2.10 and a beta of 1.80.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share 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 the consensus estimate of $5.70 billion. During the same period last year, the firm earned $1.04 earnings per share. Lam Research’s 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, sell-side analysts forecast that Lam Research Corporation will post 5.68 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm 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 $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is presently 19.62%.

Insider Transactions at Lam Research

In related news, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the transaction, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. The trade was a 11.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 company’s stock in a transaction dated 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 transaction, the director directly owned 199,205 shares in the company, valued at $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 86,339 shares of company stock valued at $27,680,267 in the last quarter. 0.31% of the stock is currently owned by corporate insiders.

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.