CoreCap Advisors LLC Grows Stock Position in Lam Research Corporation $LRCX

CoreCap Advisors LLC increased its stake in Lam Research Corporation (NASDAQ:LRCX) by 314.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,591 shares of the semiconductor company’s stock after acquiring an additional 20,180 shares during the period. CoreCap Advisors LLC’s holdings in Lam Research were worth $4,552,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after buying an additional 12,936 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Lam Research during the first quarter valued at about $239,000. J.W. Cole Advisors Inc. raised its stake in shares of Lam Research by 2.8% during the second quarter. J.W. Cole Advisors Inc. now owns 12,236 shares of the semiconductor company’s stock valued at $1,191,000 after acquiring an additional 337 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Lam Research by 0.7% during the second quarter. State Board of Administration of Florida Retirement System now owns 1,271,816 shares of the semiconductor company’s stock worth $123,799,000 after purchasing an additional 9,216 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Lam Research by 12.6% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 9,677,640 shares of the semiconductor company’s stock worth $942,022,000 after purchasing an additional 1,084,306 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on LRCX. HSBC boosted their price target on Lam Research from $181.00 to $221.00 and gave the company a “hold” rating in a report on Friday, January 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $290.00 target price (up from $260.00) on shares of Lam Research in a research note on Thursday, January 29th. Needham & Company LLC upped their price objective on shares of Lam Research from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Morgan Stanley lifted their price objective on Lam Research from $244.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 25th. Finally, 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 report on Friday, January 30th. 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $245.35.

Lam Research Price Performance

LRCX opened at $211.41 on Friday. The firm has a market cap of $264.00 billion, a PE ratio of 43.32, a P/E/G ratio of 2.28 and a beta of 1.77. The stock has a 50-day moving average price of $227.81 and a 200-day moving average price of $181.35. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $256.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the company earned $0.91 earnings per share. The business’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. Sell-side analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

Insiders Place Their Bets

In other news, Director Eric Brandt sold 35,000 shares of the business’s stock in a transaction on 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 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ava Harter sold 1,500 shares of the stock in a transaction on Wednesday, March 4th. The shares were 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 trade represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 130,886 shares of company stock valued at $29,658,802. Corporate insiders own 0.31% of the company’s stock.

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.