Burney Co. Has $50.38 Million Stake in Lam Research Corporation $LRCX

Burney Co. lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 16.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 376,281 shares of the semiconductor company’s stock after purchasing an additional 51,967 shares during the period. Lam Research accounts for about 1.6% of Burney Co.’s portfolio, making the stock its 10th biggest position. Burney Co.’s holdings in Lam Research were worth $50,384,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LRCX. Natural Investments LLC boosted its holdings in shares of Lam Research by 2.4% during the 3rd quarter. Natural Investments LLC now owns 3,408 shares of the semiconductor company’s stock worth $456,000 after buying an additional 79 shares in the last quarter. Ignite Planners LLC lifted its position in shares of Lam Research by 1.9% during the 3rd quarter. Ignite Planners LLC now owns 5,269 shares of the semiconductor company’s stock valued at $706,000 after acquiring an additional 100 shares during the period. Toth Financial Advisory Corp boosted its stake in Lam Research by 10.0% during the third quarter. Toth Financial Advisory Corp now owns 1,100 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 100 shares in the last quarter. Bahl & Gaynor Inc. grew its holdings in Lam Research by 1.9% in the second quarter. Bahl & Gaynor Inc. now owns 5,602 shares of the semiconductor company’s stock worth $545,000 after purchasing an additional 102 shares during the period. Finally, Busey Bank increased its stake in Lam Research by 1.1% in the third quarter. Busey Bank now owns 9,775 shares of the semiconductor company’s stock valued at $1,309,000 after purchasing an additional 103 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LRCX has been the topic of a number of research analyst reports. Sanford C. Bernstein increased their price objective on shares of Lam Research from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. BNP Paribas Exane raised their price objective on Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Lam Research in a report on Monday. Zacks Research cut Lam Research from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Wall Street Zen lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Twenty-six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $161.21.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $178.07 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The stock has a market cap of $223.66 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 2.05 and a beta of 1.77. The stock’s fifty day simple moving average is $158.39 and its two-hundred day simple moving average is $125.96. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $179.80.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.6%. Lam Research’s dividend payout ratio (DPR) is currently 22.91%.

Insiders Place Their Bets

In other news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the completion of the transaction, the senior vice president directly owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ava Harter sold 9,010 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $157.47, for a total value of $1,418,804.70. Following the sale, the insider directly owned 56,786 shares of the company’s stock, valued at $8,942,091.42. The trade was a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 102,608 shares of company stock worth $14,916,496 over the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

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.