Burns Matteson Capital Management LLC Makes New Investment in Lam Research Corporation $LRCX

Burns Matteson Capital Management LLC bought a new stake in Lam Research Corporation (NASDAQ:LRCX) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,069 shares of the semiconductor company’s stock, valued at approximately $545,000.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in Lam Research by 1,032.4% during the 4th 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. GKV Capital Management Co. Inc. bought a new stake in shares of Lam Research during the first quarter valued at approximately $231,000. Canada Pension Plan Investment Board boosted its position in shares of Lam Research by 66.4% during the first quarter. Canada Pension Plan Investment Board now owns 2,699,143 shares of the semiconductor company’s stock worth $196,228,000 after buying an additional 1,077,487 shares during the period. Evergreen Capital Management LLC grew its holdings in Lam Research by 63.1% in the 1st quarter. Evergreen Capital Management LLC now owns 13,263 shares of the semiconductor company’s stock worth $967,000 after buying an additional 5,130 shares in the last quarter. Finally, Kodai Capital Management LP acquired a new stake in Lam Research in the 1st quarter valued at approximately $36,785,000. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling

In other news, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the sale, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction on Monday, October 13th. The shares were 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 owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This trade represents a 17.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 102,608 shares of company stock worth $14,916,496 over the last quarter. 0.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Evercore ISI boosted their price target on Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Lam Research from $113.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Morgan Stanley upped their price objective on shares of Lam Research from $137.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 2nd. B. Riley raised their target price on shares of Lam Research from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Finally, New Street Research boosted their price target on shares of Lam Research from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Twenty-six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.21.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $178.07 on Friday. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $179.80. 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 firm has a 50-day moving average of $158.39 and a two-hundred day moving average of $125.96. The company has a market capitalization of $223.66 billion, a price-to-earnings ratio of 39.22, a PEG ratio of 2.05 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the company posted $0.86 EPS. The business’s revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be issued a $0.26 dividend. 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 is currently 22.91%.

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.