AIA Group Ltd Increases Stock Holdings in Lam Research Corporation $LRCX

AIA Group Ltd increased its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 197.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,857 shares of the semiconductor company’s stock after purchasing an additional 21,818 shares during the period. AIA Group Ltd’s holdings in Lam Research were worth $4,400,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Gilliland Jeter Wealth Management LLC grew its stake in shares of Lam Research by 0.3% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 26,501 shares of the semiconductor company’s stock valued at $3,548,000 after buying an additional 69 shares during the period. Gold Investment Management Ltd. raised its position in shares of Lam Research by 0.5% during the 3rd quarter. Gold Investment Management Ltd. now owns 14,736 shares of the semiconductor company’s stock valued at $1,973,000 after buying an additional 70 shares during the period. Hemington Wealth Management raised its position in shares of Lam Research by 4.3% during the 3rd quarter. Hemington Wealth Management now owns 1,731 shares of the semiconductor company’s stock valued at $231,000 after buying an additional 72 shares during the period. Magnus Financial Group LLC lifted its holdings in Lam Research by 0.3% in the third quarter. Magnus Financial Group LLC now owns 22,838 shares of the semiconductor company’s stock valued at $3,058,000 after acquiring an additional 76 shares during the last quarter. Finally, Addison Advisors LLC lifted its holdings in Lam Research by 2.8% in the third quarter. Addison Advisors LLC now owns 2,857 shares of the semiconductor company’s stock valued at $383,000 after acquiring an additional 77 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lam Research 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 value of $7,896,000.00. Following the completion of the transaction, the director owned 253,705 shares in the company, valued at $57,235,848. The trade was a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ava Harter sold 1,500 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $222.66, for a total value of $333,990.00. Following the sale, the insider directly owned 53,205 shares in the company, valued at $11,846,625.30. This represents a 2.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,886 shares of company stock valued at $29,658,802 in the last ninety days. Company insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

LRCX has been the subject of several recent analyst reports. Mizuho set a $265.00 target price on Lam Research in a research note on Wednesday, January 28th. Susquehanna set a $325.00 price target on Lam Research and gave the company a “positive” rating in a research note on Thursday, January 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $320.00 price target (up from $265.00) on shares of Lam Research in a report on Thursday, January 29th. Wells Fargo & Company boosted their price objective on shares of Lam Research from $250.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Finally, Sanford C. Bernstein upped their target price on shares of Lam Research from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $245.35.

Lam Research Trading Up 4.1%

Shares of NASDAQ LRCX opened at $233.99 on Friday. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $292.20 billion, a PE ratio of 47.95, a PEG ratio of 2.42 and a beta of 1.77. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $256.68. The stock has a fifty day simple moving average of $226.72 and a 200-day simple moving average of $176.12.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, equities analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The firm 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 $0.26 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is presently 21.31%.

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.