Robinhood Asset Management LLC Takes Position in Lam Research Corporation $LRCX

Robinhood Asset Management LLC purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 77,400 shares of the semiconductor company’s stock, valued at approximately $13,249,000. Lam Research accounts for approximately 1.1% of Robinhood Asset Management LLC’s holdings, making the stock its 20th biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 12,936 shares during the period. Caxton Associates LLP purchased a new stake in Lam Research in the first quarter worth $239,000. Edgestream Partners L.P. raised its holdings in Lam Research by 14.9% in the second quarter. Edgestream Partners L.P. now owns 4,789 shares of the semiconductor company’s stock worth $466,000 after purchasing an additional 621 shares in the last quarter. Brown Advisory Inc. lifted its position in Lam Research by 1.1% during the second quarter. Brown Advisory Inc. now owns 34,983 shares of the semiconductor company’s stock valued at $3,405,000 after buying an additional 370 shares during the period. Finally, Cresset Asset Management LLC lifted its position in Lam Research by 9.5% during the second quarter. Cresset Asset Management LLC now owns 30,103 shares of the semiconductor company’s stock valued at $2,937,000 after buying an additional 2,614 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LRCX shares. HSBC upped their target price on shares of Lam Research from $181.00 to $221.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Citic Securities boosted their price objective on shares of Lam Research from $165.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Susquehanna set a $325.00 price objective on shares of Lam Research and gave the stock a “positive” rating in a report on Thursday, January 29th. 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, Cantor Fitzgerald reiterated an “overweight” rating and set a $320.00 target price (up from $265.00) on shares of Lam Research in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $245.54.

Insider Transactions at Lam Research

In other Lam Research news, insider Ava Harter sold 4,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $232.50, for a total value of $930,000.00. Following the completion of the transaction, the insider owned 54,705 shares of the company’s stock, valued at approximately $12,718,912.50. The trade was a 6.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the transaction, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. This represents a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 130,886 shares of company stock worth $29,658,802 over the last quarter. 0.31% of the stock is currently owned by insiders.

Lam Research Stock Up 1.0%

Shares of Lam Research stock opened at $220.65 on Tuesday. The company has a 50-day simple moving average of $226.97 and a two-hundred day simple moving average of $186.44. The stock has a market capitalization of $275.54 billion, a PE ratio of 45.22, a price-to-earnings-growth ratio of 2.35 and a beta of 1.78. Lam Research Corporation has a 52-week low of $56.32 and a 52-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.

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 company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter last year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue 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. On average, analysts anticipate that Lam Research Corporation will post 3.71 EPS 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 issued a $0.26 dividend. 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 presently 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.