Lam Research Corporation $LRCX Shares Purchased by Westpac Banking Corp

Westpac Banking Corp boosted its stake in Lam Research Corporation (NASDAQ:LRCX) by 24.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,805 shares of the semiconductor company’s stock after buying an additional 3,852 shares during the quarter. Westpac Banking Corp’s holdings in Lam Research were worth $2,652,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LRCX. Howard Hughes Medical Institute purchased a new position in Lam Research in the 2nd quarter valued at $27,000. Strategic Wealth Investment Group LLC acquired a new stake in shares of Lam Research in the second quarter valued at about $29,000. Delos Wealth Advisors LLC purchased a new position in shares of Lam Research in the second quarter worth about $30,000. Bank of Jackson Hole Trust boosted its position in Lam Research by 111.1% during the second quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 200 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Lam Research during the second quarter worth about $38,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Trading Up 2.1%

Shares of LRCX stock opened at $249.48 on Thursday. The company has a 50-day moving average of $214.18 and a two-hundred day moving average of $163.37. The firm has a market cap of $311.54 billion, a PE ratio of 51.12, a price-to-earnings-growth ratio of 2.62 and a beta of 1.78. 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 posted 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. The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the company posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

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

Insider Transactions at Lam Research

In related news, Director Eric Brandt sold 35,000 shares of the 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 of the company’s stock, valued at approximately $57,235,848. This represents a 12.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

LRCX has been the topic of several recent research reports. Sanford C. Bernstein boosted their target price on Lam Research from $275.00 to $285.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $290.00 target price (up from $260.00) on shares of Lam Research in a research note on Thursday, January 29th. Argus upped their price objective on shares of Lam Research from $175.00 to $280.00 in a report on Tuesday, February 3rd. UBS Group set a $300.00 price objective on shares of Lam Research in a research report on Thursday, January 29th. Finally, Citic Securities boosted their target price on shares of Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $245.19.

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.