Advisors Asset Management Inc. Acquires 10,029 Shares of Lam Research Corporation $LRCX

Advisors Asset Management Inc. lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 15.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,899 shares of the semiconductor company’s stock after purchasing an additional 10,029 shares during the quarter. Advisors Asset Management Inc.’s holdings in Lam Research were worth $7,291,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LRCX. Brighton Jones LLC raised its stake in Lam Research by 1,032.4% during the fourth 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 bought a new position in shares of Lam Research in the 1st quarter worth about $13,345,000. Avantax Advisory Services Inc. boosted its holdings in shares of Lam Research by 20.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 47,336 shares of the semiconductor company’s stock worth $3,441,000 after buying an additional 7,929 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Lam Research by 4.6% during the 1st quarter. LPL Financial LLC now owns 1,155,707 shares of the semiconductor company’s stock worth $84,020,000 after buying an additional 51,280 shares in the last quarter. Finally, Meeder Advisory Services Inc. grew its stake in shares of Lam Research by 12.3% in the 1st quarter. Meeder Advisory Services Inc. now owns 35,180 shares of the semiconductor company’s stock valued at $2,558,000 after buying an additional 3,849 shares during the period. 84.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Oppenheimer set a $200.00 price objective on shares of Lam Research and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Berenberg Bank raised their target price on Lam Research from $122.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Wells Fargo & Company boosted their price target on shares of Lam Research from $135.00 to $145.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Evercore ISI increased their price target on shares of Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Finally, Cowen reaffirmed a “buy” rating on shares of Lam Research in a report on Thursday, October 23rd. One research 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.17.

Lam Research Price Performance

Shares of Lam Research stock opened at $151.93 on Wednesday. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $167.15. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average of $145.43 and a 200 day moving average of $113.50. The company has a market cap of $190.83 billion, a PE ratio of 33.46, a P/E/G ratio of 1.68 and a beta of 1.87.

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

Lam Research Dividend Announcement

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

Insider Buying and Selling

In other news, SVP Vahid Vahedi sold 52,190 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction that occurred 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 owned 987,237 shares in the company, valued at approximately $148,677,892.20. The trade was a 3.90% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 102,608 shares of company stock valued at $14,916,496. 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.