2,900 Shares in Lam Research Corporation $LRCX Bought by CTC Alternative Strategies Ltd.

CTC Alternative Strategies Ltd. purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) in the third quarter, Holdings Channel reports. The firm purchased 2,900 shares of the semiconductor company’s stock, valued at approximately $388,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Caxton Associates LLP bought a new position in Lam Research during the 1st quarter valued at approximately $239,000. Avantax Advisory Services Inc. lifted its holdings in Lam Research by 22.2% in the 2nd quarter. Avantax Advisory Services Inc. now owns 57,832 shares of the semiconductor company’s stock worth $5,629,000 after buying an additional 10,496 shares during the period. LSV Asset Management lifted its holdings in Lam Research by 0.3% in the 2nd quarter. LSV Asset Management now owns 96,280 shares of the semiconductor company’s stock worth $9,372,000 after buying an additional 320 shares during the period. Finally, Portside Wealth Group LLC grew its position in shares of Lam Research by 13.7% in the 2nd quarter. Portside Wealth Group LLC now owns 4,459 shares of the semiconductor company’s stock worth $434,000 after buying an additional 538 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on LRCX shares. HSBC upped their target price on Lam Research from $181.00 to $221.00 and gave the company a “hold” rating in a report on Friday, January 30th. Sanford C. Bernstein boosted their price objective 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. UBS Group set a $300.00 price objective on shares of Lam Research in a report on Thursday, January 29th. Evercore set a $275.00 target price on shares of Lam Research in a research report on Thursday, January 29th. Finally, Citigroup boosted their price target on shares of Lam Research from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. One 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 stock. Based on data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and a consensus target price of $245.35.

Insider Activity

In other news, insider Ava Harter sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $232.50, for a total value of $930,000.00. Following the sale, the insider directly owned 54,705 shares of the company’s stock, valued at $12,718,912.50. The trade was a 6.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the sale, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. The trade was a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 130,886 shares of company stock worth $29,658,802. Insiders own 0.31% of the company’s stock.

Lam Research Price Performance

LRCX opened at $224.71 on Thursday. 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 company has a market cap of $280.61 billion, a price-to-earnings ratio of 46.05, a price-to-earnings-growth ratio of 2.44 and a beta of 1.77. The stock has a fifty day simple moving average of $226.06 and a two-hundred day simple moving average of $175.71. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $256.68.

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 firm had revenue of $5.34 billion for 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 company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

Lam Research 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.