Darden Wealth Group Inc Sells 2,950 Shares of Lam Research Corporation $LRCX

Darden Wealth Group Inc trimmed its holdings in Lam Research Corporation (NASDAQ:LRCX) by 42.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,070 shares of the semiconductor company’s stock after selling 2,950 shares during the period. Darden Wealth Group Inc’s holdings in Lam Research were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Empowered Funds LLC grew its stake in Lam Research by 10.5% during the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock valued at $13,629,000 after acquiring an additional 17,833 shares in the last quarter. Pinnacle Financial Partners Inc purchased a new position in shares of Lam Research during the first quarter valued at about $201,000. Cookson Peirce & Co. Inc. bought a new stake in shares of Lam Research in the first quarter worth about $607,000. China Universal Asset Management Co. Ltd. lifted its position in shares of Lam Research by 27.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company’s stock worth $3,607,000 after buying an additional 10,565 shares in the last quarter. Finally, Glass Wealth Management Co LLC boosted its stake in Lam Research by 8.5% during the second quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock valued at $2,810,000 after buying an additional 2,270 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

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 transaction of $7,249,191.00. Following the transaction, the senior vice president owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LRCX shares. Stifel Nicolaus set a $160.00 price objective on Lam Research and gave the stock a “buy” rating in a research note on Thursday. Evercore ISI upped their price target on shares of Lam Research from $115.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday. Mizuho increased their price objective on shares of Lam Research from $162.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday. Cowen restated a “buy” rating on shares of Lam Research in a report on Thursday. Finally, UBS Group set a $165.00 price target on shares of Lam Research and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.57.

Lam Research Trading Up 2.8%

LRCX opened at $151.68 on Friday. Lam Research Corporation has a one year low of $56.32 and a one year high of $153.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.55 and a current ratio of 2.21. The stock has a market cap of $191.27 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 1.81 and a beta of 1.84. The stock’s 50 day moving average price is $123.23 and its 200-day moving average price is $99.87.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the prior year, the company posted $0.86 EPS. Lam Research’s quarterly revenue 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, equities analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were given a dividend of $0.26 per share. 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 yield of 0.7%. Lam Research’s dividend payout ratio is presently 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.