Avantax Advisory Services Inc. Raises Stock Position in Lam Research Corporation $LRCX

Avantax Advisory Services Inc. boosted its stake in Lam Research Corporation (NASDAQ:LRCX) by 22.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,832 shares of the semiconductor company’s stock after buying an additional 10,496 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Lam Research were worth $5,629,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. BankPlus Wealth Management LLC grew its stake in Lam Research by 2.0% during the 2nd quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company’s stock valued at $511,000 after acquiring an additional 105 shares in the last quarter. ORG Partners LLC grew its holdings in shares of Lam Research by 7.3% during the 2nd quarter. ORG Partners LLC now owns 1,676 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 114 shares during the period. Quotient Wealth Partners LLC increased its position in shares of Lam Research by 2.1% during the 2nd quarter. Quotient Wealth Partners LLC now owns 5,437 shares of the semiconductor company’s stock worth $529,000 after purchasing an additional 114 shares during the last quarter. Fairvoy Private Wealth LLC raised its holdings in Lam Research by 3.0% in the 2nd quarter. Fairvoy Private Wealth LLC now owns 4,185 shares of the semiconductor company’s stock valued at $407,000 after buying an additional 120 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its position in Lam Research by 16.0% in the second quarter. Rosenberg Matthew Hamilton now owns 869 shares of the semiconductor company’s stock valued at $85,000 after buying an additional 120 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Oppenheimer set a $200.00 price objective on shares of Lam Research and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. HSBC set a $127.00 price target on Lam Research and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Evercore ISI lifted their price objective on Lam Research from $115.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Mizuho increased their price target on shares of Lam Research from $162.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, Argus raised their price objective on shares of Lam Research from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.04.

Lam Research Stock Performance

NASDAQ LRCX opened at $143.24 on Wednesday. The stock has a market cap of $179.91 billion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 1.68 and a beta of 1.87. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $167.15. The business has a fifty day moving average of $142.35 and a 200-day moving average of $110.96.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The business’s revenue was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a yield of 0.7%. Lam Research’s dividend payout ratio (DPR) is 22.91%.

Insider Activity

In other news, insider Ava Harter sold 9,010 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $157.47, for a total value of $1,418,804.70. Following the sale, the insider owned 56,786 shares in the company, valued at approximately $8,942,091.42. This represents a 13.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the transaction, the chief financial officer owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This trade represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 102,608 shares of company stock valued at $14,916,496. Corporate insiders own 0.31% of the company’s stock.

Lam Research Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.