1,153 Shares in Lam Research Corporation $LRCX Bought by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp bought a new stake in Lam Research Corporation (NASDAQ:LRCX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,153 shares of the semiconductor company’s stock, valued at approximately $112,000.

Several other institutional investors and hedge funds have also bought and sold shares of LRCX. Empowered Funds LLC raised its holdings in shares of Lam Research by 10.5% during the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after buying an additional 17,833 shares in the last quarter. Genus Capital Management Inc. bought a new position in Lam Research in the second quarter valued at about $14,476,000. Cookson Peirce & Co. Inc. acquired a new position in Lam Research during the first quarter worth about $607,000. Glass Wealth Management Co LLC lifted its holdings in shares of Lam Research by 8.5% in the second quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock worth $2,810,000 after acquiring an additional 2,270 shares during the last quarter. Finally, First Interstate Bank acquired a new stake in shares of Lam Research in the 2nd quarter valued at approximately $230,000. Institutional investors own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In other Lam Research news, insider Ava Harter sold 9,010 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the completion of the sale, the insider directly owned 56,786 shares in the company, valued at approximately $8,942,091.42. This trade represents a 13.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the transaction, the director directly owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. This trade represents a 44.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 62,498 shares of company stock worth $8,875,663 over the last three months. 0.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

LRCX has been the subject of a number of research analyst reports. Cowen reiterated a “buy” rating on shares of Lam Research in a research report on Thursday, October 23rd. UBS Group set a $165.00 price target on shares of Lam Research and gave the stock a “buy” rating in a report on Thursday, October 23rd. Evercore ISI raised their price objective on Lam Research from $115.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Stifel Nicolaus set a $160.00 price objective on Lam Research and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Lam Research in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $148.54.

Lam Research Stock Down 1.8%

Shares of LRCX opened at $159.35 on Monday. The stock’s 50-day moving average price is $134.94 and its two-hundred day moving average price is $106.90. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $166.92. The company has a market capitalization of $200.15 billion, a PE ratio of 35.10, a PEG ratio of 1.68 and a beta of 1.87. 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 issued its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the company earned $0.86 earnings per share. The firm’s revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 3rd. Lam Research’s dividend payout ratio is currently 22.91%.

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.