Klingman & Associates LLC Invests $207,000 in Lam Research Corporation $LRCX

Klingman & Associates LLC bought a new stake in Lam Research Corporation (NASDAQ:LRCX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,127 shares of the semiconductor company’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LRCX. Smallwood Wealth Investment Management LLC bought a new stake in Lam Research in the first quarter valued at about $26,000. REAP Financial Group LLC bought a new stake in Lam Research in the second quarter valued at about $31,000. 1 North Wealth Services LLC bought a new stake in Lam Research in the first quarter valued at about $36,000. Rossby Financial LCC bought a new stake in Lam Research in the first quarter valued at about $37,000. Finally, Saudi Central Bank bought a new stake in Lam Research in the first quarter valued at about $37,000. Institutional investors own 84.61% of the company’s stock.

Insider Activity

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 shares were 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 in the company, valued at approximately $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 accessible through this link. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LRCX. Wells Fargo & Company upped their target price on shares of Lam Research from $98.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, October 2nd. Cantor Fitzgerald boosted their price target on shares of Lam Research from $155.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Needham & Company LLC boosted their price target on shares of Lam Research from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. B. Riley boosted their price target on shares of Lam Research from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Monday. Finally, Summit Insights lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, July 31st. Twenty-three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.04.

Lam Research Price Performance

NASDAQ:LRCX opened at $145.04 on Wednesday. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $153.70. The company’s 50-day moving average price is $120.69 and its two-hundred day moving average price is $98.08. The firm has a market cap of $182.90 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 1.75 and a beta of 1.84. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38.

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

Lam Research Increases Dividend

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

About Lam Research

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.