West Michigan Advisors LLC Decreases Position in Lam Research Corporation $LRCX

West Michigan Advisors LLC cut its stake in Lam Research Corporation (NASDAQ:LRCX) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,406 shares of the semiconductor company’s stock after selling 319 shares during the quarter. West Michigan Advisors LLC’s holdings in Lam Research were worth $332,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Asset Management One Co. Ltd. raised its holdings in Lam Research by 1.9% in the 2nd quarter. Asset Management One Co. Ltd. now owns 552,691 shares of the semiconductor company’s stock valued at $53,799,000 after acquiring an additional 10,476 shares during the last quarter. AlTi Global Inc. increased its holdings in shares of Lam Research by 2.3% during the 2nd quarter. AlTi Global Inc. now owns 9,523 shares of the semiconductor company’s stock worth $930,000 after buying an additional 216 shares during the last quarter. Carnegie Investment Counsel acquired a new stake in shares of Lam Research during the 2nd quarter worth approximately $639,000. SoundView Advisors Inc. increased its holdings in shares of Lam Research by 1.8% during the 2nd quarter. SoundView Advisors Inc. now owns 14,968 shares of the semiconductor company’s stock worth $1,456,000 after buying an additional 267 shares during the last quarter. Finally, FSM Wealth Advisors LLC acquired a new stake in shares of Lam Research during the 2nd quarter worth approximately $364,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Price Performance

Lam Research stock opened at $151.68 on Friday. The stock has a market cap of $191.27 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 1.76 and a beta of 1.84. The company has a fifty day simple moving average of $123.23 and a 200-day simple moving average of $99.60. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $153.70. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.37.

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

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders 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. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 24th. Lam Research’s payout ratio is currently 22.91%.

Insider Transactions at Lam Research

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 value of $7,249,191.00. Following the completion of the transaction, the senior vice president owned 251,047 shares in the company, valued at $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of recent analyst reports. New Street Research raised their price target on shares of Lam Research from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday. B. Riley raised their price target on shares of Lam Research from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Wall Street Zen upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Mizuho lifted their target price on shares of Lam Research from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Wells Fargo & Company lifted their target price on shares of Lam Research from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $147.21.

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.