Central Pacific Bank Trust Division Has $1.35 Million Stake in Lam Research Corporation $LRCX

Central Pacific Bank Trust Division reduced its stake in Lam Research Corporation (NASDAQ:LRCX) by 30.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,098 shares of the semiconductor company’s stock after selling 4,413 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Lam Research were worth $1,352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Lam Research by 1.1% in the second quarter. Vanguard Group Inc. now owns 130,609,265 shares of the semiconductor company’s stock worth $12,713,506,000 after buying an additional 1,457,163 shares during the last quarter. State Street Corp raised its holdings in Lam Research by 1.1% in the 2nd quarter. State Street Corp now owns 59,551,547 shares of the semiconductor company’s stock worth $5,810,172,000 after acquiring an additional 629,666 shares during the period. JPMorgan Chase & Co. boosted its holdings in Lam Research by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after acquiring an additional 5,102,589 shares during the period. Geode Capital Management LLC grew its position in shares of Lam Research by 3.5% in the second quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock valued at $3,280,484,000 after purchasing an additional 1,135,405 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Lam Research in the second quarter valued at about $1,894,585,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction on Friday, November 14th. The stock was 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. This represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ava Harter sold 9,010 shares of Lam Research stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $157.47, for a total value of $1,418,804.70. Following the completion of the transaction, the insider directly owned 56,786 shares of the company’s stock, valued at $8,942,091.42. This represents a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 102,608 shares of company stock worth $14,916,496 in the last three months. Company insiders own 0.31% of the company’s stock.

Lam Research Trading Up 2.4%

Shares of Lam Research stock opened at $164.30 on Tuesday. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $169.69. The stock has a market capitalization of $206.37 billion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 1.65 and a beta of 1.77. The company has a 50-day simple moving average of $152.83 and a 200 day simple moving average of $121.06. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share 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 firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. The company’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. Research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be given a $0.26 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a yield of 0.6%. Lam Research’s payout ratio is presently 22.91%.

Analyst Ratings Changes

Several brokerages recently weighed in on LRCX. Mizuho increased their target price on Lam Research from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Susquehanna upped their price target on Lam Research from $135.00 to $200.00 and gave the stock a “positive” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. raised their price objective on shares of Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. New Street Research upped their target price on shares of Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, Dbs Bank raised their price target on shares of Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. Twenty-six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and an average price target of $156.21.

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.