D.A. Davidson & CO. Acquires 2,405 Shares of Lam Research Corporation $LRCX

D.A. Davidson & CO. raised its holdings in Lam Research Corporation (NASDAQ:LRCX) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 105,407 shares of the semiconductor company’s stock after purchasing an additional 2,405 shares during the quarter. D.A. Davidson & CO.’s holdings in Lam Research were worth $10,260,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC raised its position in Lam Research by 10.5% in the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock valued at $13,629,000 after purchasing an additional 17,833 shares during the last quarter. Pinnacle Financial Partners Inc bought a new position in Lam Research in the 1st quarter valued at $201,000. Cookson Peirce & Co. Inc. bought a new position in Lam Research in the 1st quarter valued at $607,000. China Universal Asset Management Co. Ltd. raised its position in Lam Research by 27.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company’s stock valued at $3,607,000 after purchasing an additional 10,565 shares during the last quarter. Finally, Glass Wealth Management Co LLC raised its position in Lam Research by 8.5% in the 2nd quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock valued at $2,810,000 after purchasing an additional 2,270 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 2.6%

NASDAQ:LRCX opened at $141.25 on Thursday. 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 firm has a market capitalization of $178.12 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 1.76 and a beta of 1.84. The business’s 50-day moving average price is $121.38 and its two-hundred day moving average price is $98.38. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $153.70.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.Lam Research’s revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were paid a $0.26 dividend. This is a boost 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 dividend payout ratio (DPR) is currently 25.00%.

Analysts Set New Price Targets

LRCX has been the subject of several research reports. Mizuho set a $162.00 target price on Lam Research and gave the company an “outperform” rating in a research note on Thursday, October 16th. KeyCorp boosted their target price on Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Stifel Nicolaus set a $135.00 target price on Lam Research and gave the stock a “buy” rating in a research report on Monday, October 13th. Cantor Fitzgerald boosted their target price on Lam Research from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Finally, Summit Insights downgraded Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $128.04.

Insider Activity at Lam Research

In other news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the completion of the sale, the senior vice president directly owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This represents a 17.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.31% of the stock is currently owned by company insiders.

Lam Research Company 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.