CNB Bank Has $1.01 Million Stake in Lam Research Corporation $LRCX

CNB Bank decreased its position in Lam Research Corporation (NASDAQ:LRCX) by 5.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,357 shares of the semiconductor company’s stock after selling 626 shares during the period. CNB Bank’s holdings in Lam Research were worth $1,008,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LRCX. BankPlus Wealth Management LLC lifted its position in shares of Lam Research by 2.0% during the second quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company’s stock worth $511,000 after purchasing an additional 105 shares in the last quarter. ORG Partners LLC raised its stake in shares of Lam Research by 7.3% during the second 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 last quarter. Quotient Wealth Partners LLC raised its stake in shares of Lam Research by 2.1% during the second quarter. Quotient Wealth Partners LLC now owns 5,437 shares of the semiconductor company’s stock worth $529,000 after buying an additional 114 shares during the last quarter. Fairvoy Private Wealth LLC increased its stake in Lam Research by 3.0% in the second quarter. Fairvoy Private Wealth LLC now owns 4,185 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 120 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its stake in Lam Research by 16.0% in the second quarter. Rosenberg Matthew Hamilton now owns 869 shares of the semiconductor company’s stock valued at $85,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Up 2.8%

NASDAQ:LRCX opened at $151.68 on Friday. The firm’s 50 day simple moving average is $123.23 and its 200 day simple moving average is $99.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.55. Lam Research Corporation has a one year low of $56.32 and a one year high of $153.70. The company has a market cap of $191.27 billion, a PE ratio of 33.41, a P/E/G ratio of 1.76 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the previous year, the company earned $0.86 EPS. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were issued 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 annualized dividend and a yield of 0.7%. Lam Research’s dividend payout ratio is currently 22.91%.

Insiders Place Their Bets

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction 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 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on LRCX. HSBC set a $127.00 target price on shares of Lam Research and gave the company a “hold” rating in a research note on Tuesday, September 30th. Mizuho upped their target price on shares of Lam Research from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays set a $142.00 target price on shares of Lam Research and gave the company an “equal weight” rating in a research note on Monday. Needham & Company LLC increased their price objective on shares of Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, UBS Group set a $165.00 price objective on shares of Lam Research and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.21.

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.