Lam Research Corporation $LRCX Shares Purchased by Elm Partners Management LLC

by · The Cerbat Gem

Elm Partners Management LLC boosted its holdings in Lam Research Corporation (NASDAQ:LRCX – Free Report) by 44.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,250 shares of the semiconductor company’s stock after buying an additional 2,240 shares during the quarter. Elm Partners Management LLC’s holdings in Lam Research were worth $1,241,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. PMV Capital Advisers LLC acquired a new position in Lam Research in the fourth quarter worth approximately $25,000. Stance Capital LLC acquired a new position in Lam Research in the third quarter worth approximately $26,000. Triumph Capital Management acquired a new position in Lam Research in the third quarter worth approximately $27,000. Core Wealth Advisors LLC acquired a new position in Lam Research in the fourth quarter worth approximately $29,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in Lam Research in the second quarter worth approximately $29,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Key Lam Research News

Here are the key news stories impacting Lam Research this week:

  • Positive Sentiment: Lam Research hit a new 12-month high, reinforcing strong momentum in the shares and signaling continued investor demand for semiconductor equipment stocks.
  • Positive Sentiment: Mizuho Securities reiterated its Buy rating on Lam Research, which supports the stock’s bullish trading tone.
  • Positive Sentiment: Options activity showed unusually heavy interest in Lam Research, with investors reportedly favoring short put positions, a sign some traders expect the stock to hold up or rise further.
  • Positive Sentiment: Broader semiconductor commentary remained constructive, as Applied Materials’ CEO said AI-driven demand is creating the strongest period ever for the chip equipment industry, a favorable backdrop for Lam Research.
  • Neutral Sentiment: Recent articles noted Lam Research’s strong technical run and high valuation, suggesting momentum is powerful but the stock may be vulnerable to volatility if expectations cool.
  • Negative Sentiment: Some market commentary questioned whether the semiconductor rally is getting ahead of fundamentals, warning that chip stocks could face a pullback if the current “supercycle” narrative weakens.

Analyst Ratings Changes

Several research firms have issued reports on LRCX. Weiss Ratings lowered shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Jefferies Financial Group lifted their price target on shares of Lam Research from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Mizuho set a $380.00 price target on shares of Lam Research and gave the stock an “outperform” rating in a research report on Wednesday. Argus lifted their price target on shares of Lam Research from $175.00 to $280.00 in a research report on Tuesday, February 3rd. Finally, Seaport Research Partners began coverage on shares of Lam Research in a research note on Monday, May 4th. They issued a “buy” rating and a $300.00 price objective for the company. Twenty-seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average price target of $295.07.

Check Out Our Latest Research Report on Lam Research

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Neil J. Fernandes sold 18,170 shares of Lam Research stock in a transaction on Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the completion of the sale, the senior vice president owned 66,129 shares of the company’s stock, valued at $16,872,153.06. This trade represents a 21.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction on 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 sale, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at $242,334,371.15. This trade represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 75,737 shares of company stock valued at $17,738,700 in the last quarter. Company insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

Lam Research stock opened at $318.18 on Monday. The company has a 50 day moving average price of $263.88 and a 200 day moving average price of $221.18. Lam Research Corporation has a 52 week low of $79.49 and a 52 week high of $333.33. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The firm has a market capitalization of $397.91 billion, a price-to-earnings ratio of 60.03, a P/E/G ratio of 2.63 and a beta of 1.85.

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

Lam Research Announces Dividend

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

Lam Research Profile

(Free Report)

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.

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