2,393 Shares in Lam Research Corporation $LRCX Acquired by Mitchell Capital Management Co.

Mitchell Capital Management Co. acquired a new stake in Lam Research Corporation (NASDAQ:LRCX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,393 shares of the semiconductor company’s stock, valued at approximately $320,000.

Several other large investors have also modified their holdings of LRCX. Brighton Jones LLC boosted its stake 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 worth $1,025,000 after purchasing an additional 12,936 shares during the period. Caxton Associates LLP purchased a new stake in shares of Lam Research in the first quarter valued at about $239,000. Ignite Planners LLC raised its holdings in shares of Lam Research by 32.8% in the second quarter. Ignite Planners LLC now owns 5,169 shares of the semiconductor company’s stock valued at $520,000 after buying an additional 1,277 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in Lam Research by 2.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 16,090 shares of the semiconductor company’s stock valued at $1,566,000 after acquiring an additional 361 shares during the period. Finally, CWM LLC raised its stake in Lam Research by 2.1% during the 2nd quarter. CWM LLC now owns 67,491 shares of the semiconductor company’s stock valued at $6,570,000 after acquiring an additional 1,368 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Up 3.8%

Shares of NASDAQ LRCX opened at $235.12 on Thursday. The stock has a market capitalization of $293.61 billion, a price-to-earnings ratio of 48.18, a price-to-earnings-growth ratio of 2.43 and a beta of 1.78. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $251.87. The firm has a 50-day moving average price of $198.74 and a 200 day moving average price of $153.46. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data 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. The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.Lam Research’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors 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 0.4%. Lam Research’s payout ratio is currently 21.31%.

Analyst Ratings Changes

Several brokerages have weighed in on LRCX. New Street Research lifted their target price on Lam Research from $195.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lam Research in a report on Monday, December 29th. B. Riley Financial reissued a “buy” rating on shares of Lam Research in a research note on Thursday, January 15th. Dbs Bank upped their price objective on shares of Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. Finally, Susquehanna set a $325.00 target price on shares of Lam Research and gave the company a “positive” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $244.88.

Insider Transactions at Lam Research

In other Lam Research news, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the transaction, the director directly owned 253,705 shares in the company, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the sale, the chief financial officer directly owned 987,237 shares in the company, valued at $148,677,892.20. This trade represents a 3.90% decrease in their position. The SEC filing for this sale provides additional information. 0.31% of the stock is currently owned by corporate insiders.

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.