Glass Wealth Management Co LLC Buys 5,509 Shares of Lam Research Corporation $LRCX

Glass Wealth Management Co LLC boosted its stake in Lam Research Corporation (NASDAQ:LRCX) by 19.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,379 shares of the semiconductor company’s stock after purchasing an additional 5,509 shares during the quarter. Lam Research comprises about 2.1% of Glass Wealth Management Co LLC’s holdings, making the stock its 16th biggest position. Glass Wealth Management Co LLC’s holdings in Lam Research were worth $4,603,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LRCX. IMG Wealth Management Inc. acquired a new stake in shares of Lam Research in the 2nd quarter valued at about $26,000. Howard Hughes Medical Institute acquired a new stake in Lam Research in the second quarter valued at approximately $27,000. Strategic Wealth Investment Group LLC bought a new stake in shares of Lam Research during the second quarter valued at approximately $29,000. Delos Wealth Advisors LLC bought a new stake in shares of Lam Research during the second quarter valued at approximately $30,000. Finally, REAP Financial Group LLC acquired a new position in shares of Lam Research during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LRCX shares. Zacks Research lowered shares of 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 objective on shares of Lam Research and gave the company a “hold” rating in a report on Tuesday, September 30th. BNP Paribas Exane upped their target price on shares of Lam Research from $80.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Needham & Company LLC lifted their price target on Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Evercore ISI boosted their price objective on Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Twenty-six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $161.21.

Lam Research Price Performance

Lam Research stock opened at $185.06 on Monday. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $185.78. The company’s 50 day moving average price is $161.34 and its two-hundred day moving average price is $129.39. The stock has a market cap of $232.44 billion, a P/E ratio of 40.76, a P/E/G ratio of 2.14 and a beta of 1.77. 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 results on Wednesday, October 22nd. The semiconductor company reported $1.26 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 the consensus estimate of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.Lam Research’s revenue was up 27.7% on a year-over-year basis. During the same period last year, the business posted $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

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

Insider Activity at Lam Research

In related news, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the completion of the sale, the insider owned 56,786 shares in the company, valued at approximately $8,942,091.42. This trade represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the transaction, the director owned 1,652 shares in the company, valued at approximately $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 102,608 shares of company stock worth $14,916,496 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Lam Research Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.