Bank of Nova Scotia Boosts Stock Position in Lam Research Corporation $LRCX

Bank of Nova Scotia increased its stake in Lam Research Corporation (NASDAQ:LRCX) by 65.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,120,512 shares of the semiconductor company’s stock after buying an additional 442,860 shares during the period. Bank of Nova Scotia owned 0.09% of Lam Research worth $109,071,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sava Infond d.o.o. raised its position in shares of Lam Research by 3.1% in the second quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock worth $7,325,000 after acquiring an additional 2,250 shares during the period. Horizon Bancorp Inc. IN purchased a new position in shares of Lam Research in the 2nd quarter valued at about $389,000. Empowered Funds LLC increased its stake in shares of Lam Research by 10.5% in the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock valued at $13,629,000 after purchasing an additional 17,833 shares in the last quarter. Genus Capital Management Inc. acquired a new position in Lam Research in the 2nd quarter worth about $14,476,000. Finally, Cookson Peirce & Co. Inc. purchased a new position in Lam Research during the first quarter worth approximately $607,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Performance

LRCX opened at $158.70 on Monday. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $167.15. The firm has a market capitalization of $199.33 billion, a PE ratio of 34.96, a PEG ratio of 1.63 and a beta of 1.77. 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 firm’s 50-day moving average price is $150.02 and its 200 day moving average price is $117.59.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. Lam Research’s quarterly 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, sell-side analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be given a dividend of $0.26 per share. The ex-dividend date 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 (DPR) is presently 22.91%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LRCX shares. BNP Paribas Exane boosted their price objective on Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Wall Street Zen cut shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Wells Fargo & Company upped their price objective on shares of Lam Research from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Sanford C. Bernstein increased their price objective on shares of Lam Research from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Finally, The Goldman Sachs Group lifted their target price on shares of Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Twenty-six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $152.87.

Insider Buying and Selling

In other Lam Research news, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the transaction, the director owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $157.47, for a total value of $1,418,804.70. Following the completion of the sale, the insider directly owned 56,786 shares of the company’s stock, valued at $8,942,091.42. This trade represents a 13.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 102,608 shares of company stock worth $14,916,496. 0.31% of the stock is currently owned by corporate insiders.

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.