Axxcess Wealth Management LLC Purchases 2,988 Shares of Lam Research Corporation $LRCX

Axxcess Wealth Management LLC lifted its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 28.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,665 shares of the semiconductor company’s stock after purchasing an additional 2,988 shares during the period. Axxcess Wealth Management LLC’s holdings in Lam Research were worth $1,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in Lam Research during the 2nd quarter worth $1,894,585,000. JPMorgan Chase & Co. increased its position in Lam Research by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after acquiring an additional 5,102,589 shares during the period. Artisan Partners Limited Partnership raised its stake in Lam Research by 35.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 9,849,868 shares of the semiconductor company’s stock worth $958,786,000 after purchasing an additional 2,575,456 shares in the last quarter. Sei Investments Co. boosted its holdings in Lam Research by 103.5% in the 2nd quarter. Sei Investments Co. now owns 3,049,460 shares of the semiconductor company’s stock valued at $296,833,000 after purchasing an additional 1,550,842 shares during the period. Finally, Voya Investment Management LLC grew its position in shares of Lam Research by 48.9% during the 3rd quarter. Voya Investment Management LLC now owns 4,445,681 shares of the semiconductor company’s stock worth $594,620,000 after purchasing an additional 1,460,622 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Mizuho set a $265.00 price target on shares of Lam Research in a research report on Wednesday, January 28th. Stifel Nicolaus upped their target price on Lam Research from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. The Goldman Sachs Group set a $262.00 target price on Lam Research and gave the stock a “buy” rating in a report on Thursday, January 29th. UBS Group set a $300.00 price target on Lam Research in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $290.00 price objective (up previously from $260.00) on shares of Lam Research in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $244.88.

Lam Research Stock Performance

Shares of Lam Research stock opened at $237.39 on Friday. The company’s 50 day moving average price is $207.42 and its two-hundred day moving average price is $158.84. The firm has a market capitalization of $296.45 billion, a P/E ratio of 48.65, a P/E/G ratio of 2.57 and a beta of 1.78. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $251.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61.

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

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is 21.31%.

Insider Buying and Selling

In other Lam Research news, Director Eric Brandt sold 35,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 253,705 shares in the company, valued at approximately $57,235,848. This represents a 12.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.31% of the stock is currently owned by corporate insiders.

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.