Wedbush Securities Inc. Buys 3,425 Shares of Lam Research Corporation $LRCX

Wedbush Securities Inc. lifted its stake in Lam Research Corporation (NASDAQ:LRCX) by 19.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,968 shares of the semiconductor company’s stock after acquiring an additional 3,425 shares during the quarter. Wedbush Securities Inc.’s holdings in Lam Research were worth $2,041,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. IMG Wealth Management Inc. bought a new stake in Lam Research in the 2nd quarter worth approximately $26,000. REAP Financial Group LLC purchased a new position in shares of Lam Research in the 2nd quarter worth $31,000. 1 North Wealth Services LLC bought a new stake in shares of Lam Research in the first quarter worth $36,000. Saudi Central Bank bought a new stake in shares of Lam Research in the first quarter worth $37,000. Finally, Bank of Jackson Hole Trust increased its position in 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 acquiring an additional 200 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Ava Harter sold 9,010 shares of the company’s stock in a transaction 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 completion of the transaction, the insider owned 56,786 shares in the company, valued at approximately $8,942,091.42. This represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction 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 completion of the sale, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 62,498 shares of company stock worth $8,875,663 in the last three months. 0.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LRCX shares. Needham & Company LLC raised their target price on Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Berenberg Bank raised their price objective on shares of Lam Research from $122.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $170.00 price target on shares of Lam Research 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 note on Monday, October 20th. One 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.54.

Lam Research Stock Down 1.8%

Shares of LRCX stock opened at $159.35 on Friday. 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 one year low of $56.32 and a one year high of $166.92. The company’s fifty day moving average price is $134.94 and its 200-day moving average price is $106.61. The company has a market capitalization of $200.15 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 1.68 and a beta of 1.87.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the firm earned $0.86 earnings per share. The business’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. Sell-side analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Lam Research’s payout ratio is currently 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.