D.A. Davidson & CO. Has $12.55 Million Holdings in Lam Research Corporation $LRCX

D.A. Davidson & CO. decreased its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 11.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,743 shares of the semiconductor company’s stock after selling 11,664 shares during the quarter. D.A. Davidson & CO.’s holdings in Lam Research were worth $12,552,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LRCX. IMG Wealth Management Inc. bought a new stake in shares of Lam Research during the second quarter worth about $26,000. Howard Hughes Medical Institute acquired a new stake in Lam Research during the 2nd quarter worth approximately $27,000. Sound Income Strategies LLC bought a new stake in Lam Research during the 3rd quarter worth approximately $41,000. Tripletail Wealth Management LLC acquired a new position in Lam Research in the 3rd quarter valued at approximately $44,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in Lam Research in the 2nd quarter valued at approximately $29,000. Institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on LRCX. Evercore ISI boosted their price objective on shares of Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. TD Cowen lifted their target price on Lam Research from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $210.00 price target on shares of Lam Research in a research report on Tuesday, December 16th. Citigroup raised their price objective on Lam Research from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Lam Research from $160.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Twenty-six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.21.

Insider Transactions at Lam Research

In other news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ava Harter sold 9,010 shares of Lam Research stock in a transaction on 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 directly owned 56,786 shares of the company’s stock, 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 sold a total of 102,608 shares of company stock valued at $14,916,496 in the last 90 days. Corporate insiders own 0.31% of the company’s stock.

Lam Research Price Performance

Lam Research stock opened at $194.76 on Tuesday. The stock has a market capitalization of $244.62 billion, a price-to-earnings ratio of 42.90, a PEG ratio of 2.14 and a beta of 1.77. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $198.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The stock’s 50 day moving average price is $162.10 and its two-hundred day moving average price is $130.12.

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 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%. Lam Research’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, December 3rd. Lam Research’s payout ratio is presently 22.91%.

About Lam Research

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.