FNY Investment Advisers LLC Makes New $104,000 Investment in Lam Research Corporation $LRCX

FNY Investment Advisers LLC purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,069 shares of the semiconductor company’s stock, valued at approximately $104,000.

Several other hedge funds have also recently made changes to their positions in the stock. Smallwood Wealth Investment Management LLC bought a new position in shares of Lam Research in the first quarter worth approximately $26,000. IMG Wealth Management Inc. purchased a new stake in shares of Lam Research in the second quarter valued at $26,000. REAP Financial Group LLC bought a new position in Lam Research during the 2nd quarter worth about $31,000. 1 North Wealth Services LLC bought a new position in Lam Research during the 1st quarter worth about $36,000. Finally, Rossby Financial LCC bought a new stake in shares of Lam Research in the 1st quarter valued at about $37,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction on 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

LRCX has been the subject of a number of recent research reports. Susquehanna raised their price target on shares of Lam Research from $135.00 to $200.00 and gave the stock a “positive” rating in a research report on Thursday. Morgan Stanley boosted their price objective on shares of Lam Research from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday. Barclays set a $142.00 price objective on Lam Research and gave the stock an “equal weight” rating in a research report on Monday. Berenberg Bank boosted their price objective on Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price target on Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.85.

Lam Research Stock Up 4.5%

LRCX opened at $147.54 on Friday. The stock’s fifty day moving average is $122.19 and its 200-day moving average is $98.97. The company has a market capitalization of $186.05 billion, a PE ratio of 32.50, a P/E/G ratio of 1.71 and a beta of 1.84. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research Corporation has a one year low of $56.32 and a one year high of $153.70.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 61.89% and a net margin of 29.66%.The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The firm’s revenue for the quarter was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, September 24th. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Lam Research’s dividend payout ratio (DPR) is currently 22.91%.

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.