Lam Research Corporation $LRCX Holdings Raised by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 19.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 365,060 shares of the semiconductor company’s stock after purchasing an additional 58,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Lam Research were worth $35,535,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smallwood Wealth Investment Management LLC bought a new stake in shares of Lam Research during the first quarter valued at about $26,000. IMG Wealth Management Inc. bought a new stake in Lam Research in the second quarter worth about $26,000. REAP Financial Group LLC bought a new stake in Lam Research in the second quarter worth about $31,000. 1 North Wealth Services LLC bought a new stake in Lam Research in the first quarter worth about $36,000. Finally, Rossby Financial LCC bought a new stake in Lam Research in the first quarter worth about $37,000. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $170.00 price target on shares of Lam Research in a research report on Thursday. UBS Group set a $165.00 price target on shares of Lam Research and gave the stock a “buy” rating in a research report on Thursday. Cowen reiterated a “buy” rating on shares of Lam Research in a research report on Thursday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Raymond James Financial boosted their price target on shares of Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight 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 $148.83.

Insider Activity at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.31% of the company’s stock.

Lam Research Trading Up 3.4%

NASDAQ:LRCX opened at $156.90 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $158.25. The stock’s 50-day moving average is $124.39 and its two-hundred day moving average is $100.67. The stock has a market cap of $197.86 billion, a PE ratio of 34.56, a price-to-earnings-growth ratio of 1.66 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last released 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 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the business posted $0.86 EPS. The business’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. As a group, equities research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. 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. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

About Lam Research

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.