10,110 Shares in Lam Research Corporation $LRCX Purchased by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc acquired a new stake in Lam Research Corporation (NASDAQ:LRCX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,110 shares of the semiconductor company’s stock, valued at approximately $1,354,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Lam Research during the 2nd quarter valued at about $1,894,585,000. JPMorgan Chase & Co. raised its stake in shares of Lam Research by 14.4% in the 2nd 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. Price T Rowe Associates Inc. MD raised its position in Lam Research by 99.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company’s stock valued at $417,242,000 after purchasing an additional 2,864,863 shares during the period. Nordea Investment Management AB raised its holdings in shares of Lam Research by 34.1% during the 2nd quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock valued at $1,029,210,000 after buying an additional 2,692,189 shares during the period. Finally, Artisan Partners Limited Partnership lifted its position in shares of Lam Research by 35.4% during the second quarter. Artisan Partners Limited Partnership now owns 9,849,868 shares of the semiconductor company’s stock worth $958,786,000 after purchasing an additional 2,575,456 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

Shares of LRCX opened at $163.26 on Wednesday. Lam Research Corporation has a one year low of $56.32 and a one year high of $169.69. 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 cap of $205.06 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 1.69 and a beta of 1.77. The company has a 50-day moving average of $153.29 and a two-hundred day moving average of $121.65.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (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 analyst estimates of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently commented on LRCX. Deutsche Bank Aktiengesellschaft boosted their price target on Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. New Street Research lifted 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. Zacks Research downgraded Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. HSBC set a $127.00 price target on shares of Lam Research and gave the company a “hold” rating in a research note on Tuesday, September 30th. Finally, Rothschild & Co Redburn upped their price objective on shares of Lam Research from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Twenty-six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $157.54.

Insider Activity at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of the 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 sale, the senior vice president directly owned 251,047 shares in the company, valued at approximately $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 accessible through the SEC website. Also, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $150.60, for a total value of $6,036,048.00. Following the sale, the chief financial officer owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 102,608 shares of company stock valued at $14,916,496. 0.31% of the stock is owned by 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.