Riposte Capital LLC Makes New $11.75 Million Investment in Lam Research Corporation $LRCX

Riposte Capital LLC bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 55,000 shares of the semiconductor company’s stock, valued at approximately $11,751,000. Lam Research makes up approximately 3.0% of Riposte Capital LLC’s portfolio, making the stock its 8th biggest position.

A number of other institutional investors have also recently modified their holdings of the business. State Street Corp increased its stake in shares of Lam Research by 0.4% during the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after purchasing an additional 265,805 shares in the last quarter. Geode Capital Management LLC lifted its stake in Lam Research by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock valued at $5,764,117,000 after buying an additional 126,613 shares in the last quarter. Invesco Ltd. lifted its stake in Lam Research by 7.7% in the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock valued at $3,906,559,000 after buying an additional 1,638,406 shares in the last quarter. Norges Bank acquired a new stake in Lam Research in the 4th quarter worth about $3,645,427,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Lam Research by 352.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock valued at $2,344,347,000 after acquiring an additional 10,666,540 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research News Roundup

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

• Positive Sentiment: AI data-center construction and increased memory spending are supporting demand for Lam Research’s wafer-fabrication equipment. The company’s prior quarter included $5.84 billion in revenue and record non-GAAP EPS of $1.47, which exceeded estimates by 8.1%. Lam Research Rose on AI Data Center and Memory Spending
• Positive Sentiment: Analysts and market commentary remain constructive on semiconductor capital spending, with AI-related investment and memory demand viewed as important growth drivers for Lam Research heading into earnings. Lam Research to Report Q4 Results Amid Robust AI-Driven Semiconductor Spending
• Neutral Sentiment: Lam Research is scheduled to report fiscal fourth-quarter results after the market closes on July 29. Investors will likely watch revenue, earnings, memory-equipment demand and management’s outlook for continued AI-related spending. Earnings To Watch: Lam Research Reports Q2 Results Tomorrow
• Negative Sentiment: Chip stocks were among the market’s weakest performers during the latest session, placing pressure on Lam Research despite its favorable industry outlook. The upcoming earnings release also creates near-term volatility and disappointment risk, particularly after a strong AI-led rally. Most Stocks Are Higher Despite the S&P 500’s Reversal

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. BNP Paribas Exane lifted their price target on Lam Research from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. HSBC reiterated a “hold” rating and issued a $333.00 target price on shares of Lam Research in a research report on Monday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $290.00 price objective on shares of Lam Research in a research note on Thursday, April 23rd. Mizuho increased their price objective on shares of Lam Research from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $363.37.

Insider Activity at Lam Research

In related news, Director Eric Brandt sold 54,500 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 199,205 shares in the company, valued at approximately $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the sale, the senior vice president directly owned 66,129 shares of the company’s stock, valued at approximately $16,872,153.06. This trade represents a 21.55% 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 three months, insiders have sold 98,611 shares of company stock worth $32,250,190. Insiders own 0.31% of the company’s stock.

Lam Research Price Performance

Shares of LRCX stock opened at $269.61 on Wednesday. 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 company has a market capitalization of $337.17 billion, a PE ratio of 50.87, a price-to-earnings-growth ratio of 1.73 and a beta of 1.80. The firm’s 50-day moving average is $341.94 and its two-hundred day moving average is $275.43. Lam Research Corporation has a 12 month low of $90.93 and a 12 month high of $438.50.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, June 17th. Lam Research’s payout ratio is presently 19.62%.

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.