Daymark Wealth Partners LLC Decreases Position in Lam Research Corporation $LRCX

Daymark Wealth Partners LLC trimmed its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 65.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,427 shares of the semiconductor company’s stock after selling 8,325 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Lam Research were worth $431,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. IMG Wealth Management Inc. purchased a new stake in Lam Research during the second quarter worth $26,000. REAP Financial Group LLC purchased a new stake in shares of Lam Research in the second quarter valued at $31,000. Bank of Jackson Hole Trust lifted its position in shares of Lam Research by 111.1% in the second quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 200 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Lam Research in the second quarter valued at $38,000. Finally, Bruce G. Allen Investments LLC lifted its position in shares of Lam Research by 207.3% in the second quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 284 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LRCX. Argus upped their price objective on Lam Research from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Susquehanna upped their price objective on Lam Research from $135.00 to $200.00 and gave the company a “positive” rating in a research report on Thursday, October 23rd. Wall Street Zen upgraded Lam Research from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Needham & Company LLC upped their price objective on Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, B. Riley upped their price objective on Lam Research from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $148.54.

Lam Research Stock Performance

Lam Research stock opened at $161.01 on Friday. The firm has a market capitalization of $202.23 billion, a P/E ratio of 35.46, a PEG ratio of 1.68 and a beta of 1.84. The stock has a fifty day moving average price of $127.98 and a 200 day moving average price of $102.36. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $165.22. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37.

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

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were paid a dividend of $0.26 per share. 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 0.6%. The ex-dividend date was Wednesday, September 24th. Lam Research’s payout ratio is currently 22.91%.

Insider Activity

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president directly 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ava Harter sold 9,010 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $157.47, for a total value of $1,418,804.70. Following the sale, the insider owned 56,786 shares of the company’s stock, valued at $8,942,091.42. This represents a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.31% of the company’s stock.

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.