Empirical Asset Management LLC Takes $980,000 Position in Lam Research Corporation $LRCX

Empirical Asset Management LLC acquired a new position in Lam Research Corporation (NASDAQ:LRCX) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,319 shares of the semiconductor company’s stock, valued at approximately $980,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LRCX. Howard Hughes Medical Institute purchased a new stake in shares of Lam Research during the 2nd quarter valued at $27,000. Sound Income Strategies LLC purchased a new position in Lam Research in the third quarter worth $41,000. Tripletail Wealth Management LLC bought a new position in Lam Research in the third quarter valued at $44,000. Strategic Wealth Investment Group LLC purchased a new stake in Lam Research during the second quarter valued at about $29,000. Finally, Delos Wealth Advisors LLC purchased a new stake in Lam Research during the second quarter valued at about $30,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lam Research

In related 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 transaction of $7,896,000.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein upped their price objective on Lam Research from $275.00 to $285.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $265.00 target price on shares of Lam Research in a research note on Thursday, January 29th. B. Riley Financial reissued a “buy” rating on shares of Lam Research in a research note on Thursday, January 15th. Weiss Ratings restated a “buy (b)” rating on shares of Lam Research in a report on Monday, December 29th. Finally, Barclays set a $250.00 target price on shares of Lam Research in a report on Thursday, January 29th. One equities research 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.19.

Lam Research Stock Up 2.1%

Shares of Lam Research stock opened at $249.48 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $256.68. The company’s 50 day moving average price is $214.18 and its 200-day moving average price is $163.37. The stock has a market capitalization of $311.54 billion, a price-to-earnings ratio of 51.12, a P/E/G ratio of 2.62 and a beta of 1.78.

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

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors 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.