Blue Whale Capital LLP Acquires 35,493 Shares of Lam Research Corporation $LRCX

Blue Whale Capital LLP raised its holdings in Lam Research Corporation (NASDAQ:LRCX) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,879,528 shares of the semiconductor company’s stock after acquiring an additional 35,493 shares during the quarter. Lam Research comprises 12.0% of Blue Whale Capital LLP’s portfolio, making the stock its 2nd largest position. Blue Whale Capital LLP owned approximately 0.15% of Lam Research worth $182,953,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IMG Wealth Management Inc. acquired a new stake in shares of Lam Research during the second quarter worth $26,000. REAP Financial Group LLC bought a new position in Lam Research during the second quarter worth about $31,000. 1 North Wealth Services LLC bought a new position in Lam Research during the first quarter worth about $36,000. Saudi Central Bank acquired a new position in shares of Lam Research during the 1st quarter worth about $37,000. Finally, Bank of Jackson Hole Trust increased its stake in shares of Lam Research by 111.1% in the 2nd quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Up 1.0%

LRCX stock opened at $151.93 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60. The stock has a market capitalization of $190.83 billion, a P/E ratio of 33.46, a P/E/G 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 business has a 50-day moving average of $145.43 and a 200-day moving average of $113.50.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating 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 firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the business posted $0.86 EPS. The business’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. On average, sell-side analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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

Analyst Upgrades and Downgrades

LRCX has been the topic of several recent analyst reports. B. Riley lifted their price objective on shares of Lam Research from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. New Street Research boosted their price target on shares of Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Evercore ISI upped their price objective 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. Hsbc Global Res upgraded Lam Research to a “hold” rating in a report on Tuesday, September 30th. Finally, Susquehanna boosted their target price on Lam Research from $135.00 to $200.00 and gave the company a “positive” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $152.17.

Insider Buying and Selling at Lam Research

In other news, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the transaction, the director owned 1,652 shares in the company, valued at $264,303.48. This trade represents a 44.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 251,047 shares in the company, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 102,608 shares of company stock worth $14,916,496. Company insiders own 0.31% of the company’s stock.

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.