Lam Research Corporation $LRCX Shares Bought by Syon Capital LLC

Syon Capital LLC grew its stake in Lam Research Corporation (NASDAQ:LRCX) by 21.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,038 shares of the semiconductor company’s stock after acquiring an additional 4,138 shares during the quarter. Syon Capital LLC’s holdings in Lam Research were worth $3,085,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Lam Research by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock valued at $17,537,447,000 after buying an additional 364,949 shares during the period. State Street Corp lifted its holdings in Lam Research by 1.1% in the second quarter. State Street Corp now owns 59,551,547 shares of the semiconductor company’s stock valued at $5,810,172,000 after acquiring an additional 629,666 shares during the last quarter. JPMorgan Chase & Co. grew its position in Lam Research by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after acquiring an additional 5,102,589 shares during the period. Geode Capital Management LLC increased its stake in Lam Research by 3.5% during the second quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock worth $3,280,484,000 after acquiring an additional 1,135,405 shares during the last quarter. Finally, Norges Bank purchased a new stake in Lam Research in the second quarter valued at $1,894,585,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Activity at Lam Research

In related news, Director Eric Brandt sold 35,000 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the transaction, the director owned 253,705 shares in the company, valued at approximately $57,235,848. The trade was a 12.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LRCX shares. Jefferies Financial Group reiterated a “buy” rating and set a $200.00 price target (up from $175.00) on shares of Lam Research in a report on Monday, December 15th. TD Cowen upped their target price on shares of Lam Research from $170.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Oppenheimer reiterated an “outperform” rating and set a $265.00 price target on shares of Lam Research in a research report on Thursday, January 29th. Berenberg Bank boosted their price target on shares of Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, HSBC increased their price objective on shares of Lam Research from $181.00 to $221.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average price target of $244.88.

Lam Research Stock Up 0.0%

Shares of NASDAQ LRCX opened at $235.58 on Wednesday. The stock has a market cap of $294.19 billion, a P/E ratio of 48.27, a PEG ratio of 2.53 and a beta of 1.78. The business’s fifty day simple moving average is $204.61 and its 200-day simple moving average is $157.71. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $251.87. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.Lam Research’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, equities analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, March 4th. Lam Research’s payout ratio is 21.31%.

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.