Lam Research Corporation $LRCX Shares Acquired by Harbour Investments Inc.

Harbour Investments Inc. grew its stake in Lam Research Corporation (NASDAQ:LRCX) by 6.3% during the 2nd quarter, Holdings Channel reports. The firm owned 3,230 shares of the semiconductor company’s stock after purchasing an additional 192 shares during the quarter. Harbour Investments Inc.’s holdings in Lam Research were worth $314,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LRCX. BankPlus Wealth Management LLC grew its stake in Lam Research by 2.0% during the 2nd quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company’s stock valued at $511,000 after acquiring an additional 105 shares in the last quarter. ORG Partners LLC increased its stake in Lam Research by 7.3% during the 2nd quarter. ORG Partners LLC now owns 1,676 shares of the semiconductor company’s stock worth $162,000 after buying an additional 114 shares during the period. Fairvoy Private Wealth LLC increased its stake in Lam Research by 3.0% during the 2nd quarter. Fairvoy Private Wealth LLC now owns 4,185 shares of the semiconductor company’s stock worth $407,000 after buying an additional 120 shares during the period. Abundance Wealth Counselors increased its stake in Lam Research by 1.1% during the 2nd quarter. Abundance Wealth Counselors now owns 11,537 shares of the semiconductor company’s stock worth $1,123,000 after buying an additional 124 shares during the period. Finally, First Pacific Financial increased its stake in Lam Research by 7.7% during the 2nd quarter. First Pacific Financial now owns 1,766 shares of the semiconductor company’s stock worth $172,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Trading Up 1.8%

Shares of NASDAQ:LRCX opened at $144.05 on Tuesday. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $153.70. The company’s 50 day moving average is $119.90 and its two-hundred day moving average is $97.75. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The company has a market cap of $181.65 billion, a PE ratio of 34.63, a P/E/G ratio of 1.72 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company’s revenue was up 33.6% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were given a $0.26 dividend. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Lam Research’s payout ratio is 25.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LRCX shares. Oppenheimer upped their target price on shares of Lam Research from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Stifel Nicolaus set a $135.00 target price on shares of Lam Research and gave the stock a “buy” rating in a research note on Monday, October 13th. Morgan Stanley set a $125.00 target price on shares of Lam Research and gave the stock an “equal weight” rating in a research note on Monday, September 22nd. Deutsche Bank Aktiengesellschaft raised shares of Lam Research from a “hold” rating to a “buy” rating and increased their price objective for the company from $100.00 to $150.00 in a research report on Monday, September 29th. Finally, Barclays set a $142.00 price objective on shares of Lam Research and gave the company an “equal weight” rating in a research report on Monday. Twenty-three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.04.

Insider Activity at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total value 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 trade represents a 17.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.31% of the stock is owned by company insiders.

Lam Research Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.