Arvest Bank Trust Division Trims Stock Position in Lam Research Corporation $LRCX

Arvest Bank Trust Division reduced its stake in Lam Research Corporation (NASDAQ:LRCX) by 30.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,356 shares of the semiconductor company’s stock after selling 38,078 shares during the period. Arvest Bank Trust Division’s holdings in Lam Research were worth $11,697,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of LRCX. Gilliland Jeter Wealth Management LLC grew its holdings in Lam Research by 0.3% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 26,501 shares of the semiconductor company’s stock worth $3,548,000 after purchasing an additional 69 shares during the period. Gold Investment Management Ltd. increased its stake in shares of Lam Research by 0.5% in the 3rd quarter. Gold Investment Management Ltd. now owns 14,736 shares of the semiconductor company’s stock worth $1,973,000 after purchasing an additional 70 shares in the last quarter. Hemington Wealth Management raised its holdings in Lam Research by 4.3% in the 3rd quarter. Hemington Wealth Management now owns 1,731 shares of the semiconductor company’s stock worth $231,000 after purchasing an additional 72 shares during the period. Magnus Financial Group LLC lifted its position in Lam Research by 0.3% during the third quarter. Magnus Financial Group LLC now owns 22,838 shares of the semiconductor company’s stock valued at $3,058,000 after purchasing an additional 76 shares in the last quarter. Finally, Addison Advisors LLC grew its holdings in Lam Research by 2.8% during the third quarter. Addison Advisors LLC now owns 2,857 shares of the semiconductor company’s stock valued at $383,000 after purchasing an additional 77 shares during the period. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Up 1.8%

LRCX stock opened at $235.53 on Tuesday. The firm has a fifty day moving average price of $203.22 and a 200 day moving average price of $156.73. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $251.87. The firm has a market cap of $294.12 billion, a PE ratio of 48.26, a price-to-earnings-growth ratio of 2.53 and a beta of 1.78. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter last year, the business earned $0.91 earnings per share. Lam Research’s quarterly revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Sell-side analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Lam Research’s payout ratio is currently 21.31%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on LRCX shares. Citic Securities lifted their price objective on Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 30th. HSBC lifted their price target on shares of Lam Research from $181.00 to $221.00 and gave the company a “hold” rating in a report on Friday, January 30th. Argus increased their price objective on shares of Lam Research from $175.00 to $280.00 in a research note on Tuesday, February 3rd. Dbs Bank raised their price objective on shares of Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. Finally, TD Cowen upped their target price on shares of Lam Research from $170.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $244.88.

Insiders Place Their Bets

In other news, Director Eric Brandt sold 35,000 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $225.60, for a total value of $7,896,000.00. Following the sale, the director owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.