Spire Wealth Management Has $2.04 Million Position in Lam Research Corporation $LRCX

Spire Wealth Management grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 215.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 21,219 shares of the semiconductor company’s stock after buying an additional 14,503 shares during the period. Spire Wealth Management’s holdings in Lam Research were worth $2,036,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. IMG Wealth Management Inc. acquired a new position in shares of Lam Research during the second quarter valued at about $26,000. REAP Financial Group LLC acquired a new position in shares of Lam Research during the second quarter valued at about $31,000. Bank of Jackson Hole Trust raised its position in shares of Lam Research by 111.1% during the second quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 200 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Lam Research during the second quarter valued at about $38,000. Finally, Hilltop National Bank acquired a new position in Lam Research in the second quarter worth about $38,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity

In other news, insider Ava Harter sold 9,010 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the sale, the insider directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred 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 sale, the senior vice president directly owned 251,047 shares in the company, valued at $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Price Performance

Shares of Lam Research stock opened at $161.01 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $202.23 billion, a price-to-earnings ratio of 35.46, a P/E/G ratio of 1.68 and a beta of 1.84. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $165.22. The firm’s 50-day moving average price is $127.98 and its two-hundred day moving average price is $102.36.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.04. The firm had revenue of $5.32 billion for 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 quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed 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 positive change 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 of this dividend was Wednesday, September 24th. Lam Research’s payout ratio is currently 22.91%.

Analyst Upgrades and Downgrades

LRCX has been the subject of several recent research reports. KeyCorp increased their price target on shares of Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Zacks Research raised shares of Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Evercore ISI increased their price target on shares of Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Oppenheimer set a $200.00 price target on shares of Lam Research and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, Barclays set a $142.00 price target on shares of Lam Research and gave the stock an “equal weight” rating in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.54.

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.