17,649 Shares in Lam Research Corporation $LRCX Acquired by CenterBook Partners LP

CenterBook Partners LP bought a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,649 shares of the semiconductor company’s stock, valued at approximately $2,363,000.

Other large investors have also recently made changes to their positions in the company. Howard Hughes Medical Institute purchased a new stake in Lam Research during the 2nd quarter worth about $27,000. Sound Income Strategies LLC bought a new stake in shares of Lam Research during the third quarter valued at about $41,000. Tripletail Wealth Management LLC purchased a new stake in shares of Lam Research in the third quarter worth about $44,000. Strategic Wealth Investment Group LLC bought a new position in shares of Lam Research in the second quarter valued at approximately $29,000. Finally, Delos Wealth Advisors LLC purchased a new position in Lam Research during the second quarter valued at approximately $30,000. 84.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LRCX. JPMorgan Chase & Co. increased their target price on shares of Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Rothschild & Co Redburn increased their price objective on Lam Research from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. BNP Paribas Exane boosted their target price on Lam Research from $80.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. New Street Research upped their target price on Lam Research from $195.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Finally, Mizuho set a $265.00 price target on Lam Research in a research report on Wednesday, January 28th. One investment 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $244.88.

Insider Activity at Lam Research

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

Lam Research Stock Down 1.1%

Shares of LRCX opened at $237.39 on Friday. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $251.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The stock has a 50 day simple moving average of $207.42 and a two-hundred day simple moving average of $158.84. The firm has a market cap of $296.45 billion, a P/E ratio of 48.65, a P/E/G ratio of 2.57 and a beta of 1.78.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the previous year, the business posted $0.91 EPS. The business’s quarterly revenue was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is 21.31%.

Lam Research Company 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.