Fulton Bank N.A. Purchases 2,801 Shares of Lam Research Corporation $LRCX

Fulton Bank N.A. lifted its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 19.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,357 shares of the semiconductor company’s stock after purchasing an additional 2,801 shares during the period. Fulton Bank N.A.’s holdings in Lam Research were worth $2,971,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Stance Capital LLC acquired a new position in Lam Research during the third quarter worth approximately $26,000. Triumph Capital Management acquired a new stake in shares of Lam Research in the third quarter valued at approximately $27,000. Harbor Investment Advisory LLC lifted its position in shares of Lam Research by 73.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 102 shares during the last quarter. Howard Hughes Medical Institute bought a new position in shares of Lam Research during the 2nd quarter worth approximately $27,000. Finally, Sound Income Strategies LLC bought a new position in shares of Lam Research during the 3rd quarter worth approximately $41,000. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Performance

NASDAQ:LRCX opened at $228.36 on Monday. The company has a market cap of $285.17 billion, a price-to-earnings ratio of 46.80, a PEG ratio of 2.46 and a beta of 1.77. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $256.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The stock has a fifty day moving average price of $226.92 and a 200-day moving average price of $178.13.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The company had revenue of $5.34 billion for 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 was up 22.1% on a year-over-year basis. During the same quarter last year, the business earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, equities analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be given a $0.26 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. Lam Research’s payout ratio is presently 21.31%.

Insider Transactions at Lam Research

In other Lam Research news, insider Ava Harter sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total transaction of $333,990.00. Following the completion of the transaction, the insider directly owned 53,205 shares in the company, valued at $11,846,625.30. The trade was a 2.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eric Brandt sold 35,000 shares of the company’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 sale, the director owned 253,705 shares of the company’s stock, valued at $57,235,848. The trade was a 12.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 130,886 shares of company stock valued at $29,658,802. Company insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LRCX. Oppenheimer restated an “outperform” rating and issued a $265.00 price target on shares of Lam Research in a research note on Thursday, January 29th. Susquehanna set a $325.00 price objective on shares of Lam Research and gave the company a “positive” rating in a report on Thursday, January 29th. Rothschild & Co Redburn increased their price objective on shares of Lam Research from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Argus raised their target price on shares of Lam Research from $175.00 to $280.00 in a research note on Tuesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lam Research from $260.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have assigned 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 price target of $245.35.

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.