Ferguson Wellman Capital Management Inc. Purchases Shares of 6,750 Lam Research Corporation $LRCX

Ferguson Wellman Capital Management Inc. purchased a new stake in Lam Research Corporation (NASDAQ:LRCX) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,750 shares of the semiconductor company’s stock, valued at approximately $904,000.

Several other large investors have also recently modified their holdings of LRCX. Vanguard Group Inc. boosted its stake in Lam Research by 1.1% in the second quarter. Vanguard Group Inc. now owns 130,609,265 shares of the semiconductor company’s stock valued at $12,713,506,000 after acquiring an additional 1,457,163 shares in the last quarter. State Street Corp increased its position in shares of Lam Research by 1.1% during the second quarter. State Street Corp now owns 59,551,547 shares of the semiconductor company’s stock worth $5,810,172,000 after purchasing an additional 629,666 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Lam Research by 14.4% during 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 purchasing an additional 5,102,589 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Lam Research by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock worth $3,280,484,000 after purchasing an additional 1,135,405 shares in the last quarter. Finally, Norges Bank purchased a new position in Lam Research during the 2nd quarter worth $1,894,585,000. Institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on LRCX. Citigroup upped their target price on Lam Research from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Needham & Company LLC upped their price objective on shares of Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. BNP Paribas Exane increased their price objective on shares of Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Mizuho set a $220.00 target price on shares of Lam Research and gave the stock an “outperform” rating in a research report on Friday. Finally, Hsbc Global Res raised shares of Lam Research to a “hold” rating in a report on Tuesday, September 30th. Twenty-six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and an average price target of $164.37.

Lam Research Trading Up 8.7%

Shares of Lam Research stock opened at $218.36 on Friday. The company has a market cap of $274.27 billion, a P/E ratio of 48.10, a price-to-earnings-growth ratio of 2.32 and a beta of 1.77. The firm has a 50-day simple moving average of $165.99 and a two-hundred day simple moving average of $132.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $219.59.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same period last year, the company earned $0.86 earnings per share. Lam Research’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. As a group, equities analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, December 3rd. Lam Research’s payout ratio is presently 22.91%.

Insider Transactions at Lam Research

In other news, insider Ava Harter sold 9,010 shares of Lam Research stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $157.47, for a total value of $1,418,804.70. Following the sale, the insider directly owned 56,786 shares of the company’s stock, valued at $8,942,091.42. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction on 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 completion of the transaction, the chief financial officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have 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.

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.