Lam Research Corporation $LRCX Shares Bought by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership grew its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 35.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,849,868 shares of the semiconductor company’s stock after purchasing an additional 2,575,456 shares during the period. Lam Research makes up 1.4% of Artisan Partners Limited Partnership’s portfolio, making the stock its 19th biggest holding. Artisan Partners Limited Partnership owned 0.77% of Lam Research worth $958,786,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC boosted its stake in shares of 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 acquiring an additional 12,936 shares in the last quarter. Mutual of America Capital Management LLC acquired a new stake in shares of Lam Research during the first quarter worth $13,345,000. Private Advisor Group LLC lifted its holdings in shares of Lam Research by 10.3% during the first quarter. Private Advisor Group LLC now owns 60,701 shares of the semiconductor company’s stock valued at $4,413,000 after purchasing an additional 5,664 shares during the last quarter. OneAscent Financial Services LLC acquired a new position in shares of Lam Research in the 1st quarter valued at $500,000. Finally, J.W. Cole Advisors Inc. boosted its position in shares of Lam Research by 281.7% in the 1st quarter. J.W. Cole Advisors Inc. now owns 11,899 shares of the semiconductor company’s stock valued at $865,000 after purchasing an additional 8,782 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Down 2.9%

Shares of NASDAQ:LRCX opened at $143.24 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $179.91 billion, a PE ratio of 31.55, a P/E/G ratio of 1.68 and a beta of 1.87. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $167.15. The firm has a fifty day moving average price of $142.35 and a 200 day moving average price of $110.96.

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

Lam Research Announces Dividend

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

Insider Buying and Selling

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president owned 251,047 shares in the company, valued at $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the transaction, the director directly owned 1,652 shares in the company, valued at approximately $264,303.48. This represents a 44.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 102,608 shares of company stock worth $14,916,496 over the last ninety days. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on LRCX shares. Mizuho boosted their price objective on Lam Research from $162.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Barclays set a $142.00 target price on shares of Lam Research and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Evercore ISI upped their price target on shares of Lam Research from $115.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Argus raised their price objective on shares of Lam Research from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, UBS Group set a $165.00 price objective on shares of Lam Research and gave the stock a “buy” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $149.04.

About Lam Research

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.