Lam Research Corporation $LRCX is Harbor Island Capital LLC’s Largest Position

Harbor Island Capital LLC lessened its stake in Lam Research Corporation (NASDAQ:LRCX) by 28.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 230,800 shares of the semiconductor company’s stock after selling 93,675 shares during the quarter. Lam Research accounts for about 13.2% of Harbor Island Capital LLC’s portfolio, making the stock its largest holding. Harbor Island Capital LLC’s holdings in Lam Research were worth $30,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stanley Laman Group Ltd. purchased a new stake in Lam Research in the 3rd quarter worth approximately $8,789,000. Glass Wealth Management Co LLC increased its holdings in shares of Lam Research by 19.1% during the 3rd quarter. Glass Wealth Management Co LLC now owns 34,379 shares of the semiconductor company’s stock valued at $4,603,000 after purchasing an additional 5,509 shares in the last quarter. Earned Wealth Advisors LLC lifted its stake in shares of Lam Research by 3.5% in the 3rd quarter. Earned Wealth Advisors LLC now owns 10,995 shares of the semiconductor company’s stock valued at $1,472,000 after purchasing an additional 369 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Lam Research by 8.3% during the third quarter. Asset Management One Co. Ltd. now owns 598,637 shares of the semiconductor company’s stock worth $80,157,000 after buying an additional 45,946 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. grew its position in Lam Research by 13.4% during the third quarter. Penobscot Investment Management Company Inc. now owns 16,210 shares of the semiconductor company’s stock valued at $2,171,000 after buying an additional 1,920 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LRCX has been the subject of a number of analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $210.00 price objective on shares of Lam Research in a research report on Tuesday, December 16th. Mizuho increased their price target on Lam Research from $170.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Rothschild & Co Redburn raised their price objective on Lam Research from $140.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Wall Street Zen downgraded Lam Research from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Sanford C. Bernstein upped their price objective on shares of Lam Research from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. 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 has an average rating of “Moderate Buy” and a consensus target price of $161.21.

Lam Research Trading Up 8.1%

Shares of LRCX 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 stock has a market cap of $232.44 billion, a PE ratio of 40.76, a price-to-earnings-growth ratio of 2.14 and a beta of 1.77. The firm’s fifty day moving average is $161.34 and its two-hundred day moving average is $129.39. 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 posted its quarterly earnings results 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. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same period last year, the firm posted $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Research analysts forecast that Lam Research Corporation will post 3.71 earnings per share 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. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.6%. Lam Research’s payout ratio is 22.91%.

Insider Buying and Selling

In other news, Director Bethany Mayer sold 1,298 shares of Lam Research 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 in the company, valued at $264,303.48. The trade was a 44.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ava Harter sold 9,010 shares of the business’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 transaction, the insider directly owned 56,786 shares in the company, valued at approximately $8,942,091.42. The trade was a 13.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 102,608 shares of company stock valued at $14,916,496 in the last quarter. Corporate insiders own 0.31% of the company’s stock.

Lam Research Company 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.