Bayforest Capital Ltd Makes New Investment in Lam Research Corporation $LRCX

Bayforest Capital Ltd purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,049 shares of the semiconductor company’s stock, valued at approximately $944,000. Lam Research makes up approximately 0.4% of Bayforest Capital Ltd’s portfolio, making the stock its 20th biggest position.

A number of other hedge funds also recently bought and sold shares of the company. Sava Infond d.o.o. boosted its holdings in shares of Lam Research by 3.1% during the 2nd quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock valued at $7,325,000 after acquiring an additional 2,250 shares during the last quarter. Horizon Bancorp Inc. IN purchased a new stake in Lam Research in the second quarter worth approximately $389,000. Oregon Public Employees Retirement Fund grew its position in Lam Research by 30.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock worth $19,369,000 after purchasing an additional 34,147 shares during the period. Genus Capital Management Inc. purchased a new stake in Lam Research during the 2nd quarter valued at $14,476,000. Finally, Diversified Trust Co lifted its holdings in shares of Lam Research by 34.4% during the 3rd quarter. Diversified Trust Co now owns 31,922 shares of the semiconductor company’s stock valued at $4,274,000 after buying an additional 8,172 shares during the period. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Up 8.7%

LRCX stock opened at $218.36 on Friday. The business’s 50-day moving average price is $165.99 and its 200-day moving average price is $133.06. The stock has a market cap of $274.27 billion, a P/E ratio of 48.10, a PEG ratio of 2.52 and a beta of 1.77. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $219.59.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the business earned $0.86 EPS. The firm’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. On average, equities research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. Lam Research’s payout ratio is 22.91%.

Insider Activity

In other Lam Research news, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the sale, the chief financial officer owned 987,237 shares in the company, valued at approximately $148,677,892.20. This represents a 3.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $8,942,091.42. This represents a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 102,608 shares of company stock worth $14,916,496. 0.31% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on LRCX. Jefferies Financial Group reaffirmed a “buy” rating and issued a $200.00 price objective (up previously from $175.00) on shares of Lam Research in a report on Monday, December 15th. Cowen reissued a “buy” rating on shares of Lam Research in a research report on Thursday, October 23rd. Stifel Nicolaus set a $160.00 price target on shares of Lam Research and gave the company a “buy” rating in a research report on Thursday, October 23rd. New Street Research increased their price objective on shares of Lam Research from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lam Research from $160.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Twenty-six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and a consensus price target of $164.37.

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.