Atalanta Sosnoff Capital LLC Invests $65.45 Million in Lam Research Corporation $LRCX

Atalanta Sosnoff Capital LLC acquired a new position in Lam Research Corporation (NASDAQ:LRCX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 672,351 shares of the semiconductor company’s stock, valued at approximately $65,447,000. Lam Research comprises about 1.3% of Atalanta Sosnoff Capital LLC’s investment portfolio, making the stock its 26th largest position. Atalanta Sosnoff Capital LLC owned about 0.05% of Lam Research as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Brighton Jones LLC raised 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 valued at $1,025,000 after purchasing an additional 12,936 shares during the period. Mutual of America Capital Management LLC purchased a new position in Lam Research during the 1st quarter valued at about $13,345,000. Avantax Advisory Services Inc. increased its position in shares of Lam Research by 20.1% during the first quarter. Avantax Advisory Services Inc. now owns 47,336 shares of the semiconductor company’s stock valued at $3,441,000 after buying an additional 7,929 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Lam Research by 7.7% in the first quarter. Cetera Investment Advisers now owns 353,592 shares of the semiconductor company’s stock worth $25,706,000 after buying an additional 25,348 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Lam Research by 9.2% in the first quarter. Pacer Advisors Inc. now owns 221,015 shares of the semiconductor company’s stock valued at $16,068,000 after acquiring an additional 18,655 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Trading Up 2.2%

NASDAQ LRCX opened at $142.65 on Monday. The stock has a market cap of $179.17 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 1.68 and a beta of 1.87. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $167.15. The stock has a 50 day simple moving average of $144.17 and a two-hundred day simple moving average of $112.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating 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 firm’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd will be paid a $0.26 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Lam Research’s payout ratio is currently 22.91%.

Insiders Place Their Bets

In other news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $138.90, for a total value 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 represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction on 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 sale, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. The trade was a 3.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 102,608 shares of company stock valued at $14,916,496. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Erste Group Bank began coverage on Lam Research in a research report on Thursday, August 14th. They issued a “buy” rating on the stock. Barclays set a $142.00 price target on Lam Research and gave the company an “equal weight” rating in a report on Monday, October 20th. Cowen restated a “buy” rating on shares of Lam Research in a research report on Thursday, October 23rd. Susquehanna raised their target price on shares of Lam Research from $135.00 to $200.00 and gave the company a “positive” rating in a research note on Thursday, October 23rd. Finally, New Street Research boosted their price target on shares of Lam Research from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $151.84.

Lam Research Company 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.