Cercano Management LLC Has $12.39 Million Stock Holdings in Lam Research Corporation $LRCX

Cercano Management LLC grew its holdings in Lam Research Corporation (NASDAQ:LRCX) by 745.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,360 shares of the semiconductor company’s stock after acquiring an additional 63,800 shares during the period. Cercano Management LLC’s holdings in Lam Research were worth $12,387,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fideuram Asset Management Ireland dac acquired a new stake in Lam Research in the 4th quarter worth approximately $10,035,000. Generali Investments Management Co LLC grew its holdings in Lam Research by 62.0% during the fourth quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company’s stock valued at $6,209,000 after purchasing an additional 13,878 shares during the last quarter. Thoroughbred Financial Services LLC raised its position in shares of Lam Research by 115.2% in the third quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company’s stock valued at $2,972,000 after purchasing an additional 11,883 shares during the period. Vanguard Group Inc. lifted its stake in shares of Lam Research by 0.3% in the third quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock worth $17,537,447,000 after buying an additional 364,949 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in shares of Lam Research by 40.8% in the third quarter. Penserra Capital Management LLC now owns 353,460 shares of the semiconductor company’s stock worth $47,325,000 after buying an additional 102,497 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Trading Down 0.3%

LRCX opened at $317.12 on Tuesday. Lam Research Corporation has a 1-year low of $80.43 and a 1-year high of $333.33. The stock has a market capitalization of $396.58 billion, a PE ratio of 59.83, a PEG ratio of 2.63 and a beta of 1.85. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $265.55 and a two-hundred day moving average price of $222.29.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts anticipate that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research’s payout ratio is currently 19.62%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group raised their price target on Lam Research from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Seaport Research Partners started coverage on Lam Research in a report on Monday, May 4th. They set a “buy” rating and a $300.00 price objective on the stock. Sanford C. Bernstein boosted their price objective on Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Citigroup restated a “buy” rating and issued a $315.00 target price (up from $300.00) on shares of Lam Research in a research note on Thursday, April 23rd. Finally, Stifel Nicolaus raised their target price on Lam Research from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and a consensus target price of $303.30.

Insider Buying and Selling at Lam Research

In other news, SVP Neil J. Fernandes sold 18,170 shares of Lam Research stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $255.14, for a total value of $4,635,893.80. Following the sale, the senior vice president directly owned 66,129 shares in the company, valued at $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction dated Wednesday, March 4th. The stock was 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 of the company’s stock, valued at approximately $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 75,737 shares of company stock valued at $17,738,700. Company insiders own 0.31% of the company’s stock.

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.