Nixon Peabody Trust Co. Lowers Position in Lam Research Corporation $LRCX

Nixon Peabody Trust Co. trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 14.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,008 shares of the semiconductor company’s stock after selling 491 shares during the quarter. Nixon Peabody Trust Co.’s holdings in Lam Research were worth $293,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in Lam Research in the 2nd quarter valued at approximately $26,000. REAP Financial Group LLC purchased a new stake in shares of Lam Research in the 2nd quarter valued at $31,000. 1 North Wealth Services LLC acquired a new position in Lam Research during the 1st quarter worth about $36,000. Saudi Central Bank acquired a new position in Lam Research during the 1st quarter worth about $37,000. Finally, Bank of Jackson Hole Trust boosted its holdings in Lam Research by 111.1% during the 2nd 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 period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In related 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 value of $7,249,191.00. Following the completion of the sale, the senior vice president directly owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ava Harter sold 9,010 shares of Lam Research stock in a transaction that occurred on 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 transaction, 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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 62,528 shares of company stock worth $8,880,448. Corporate insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX opened at $153.32 on Friday. The company has a market capitalization of $192.57 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 1.68 and a beta of 1.87. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $167.15. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $139.84 and a 200 day moving average price of $108.87.

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 business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The company’s revenue was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Research analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LRCX. Weiss Ratings reissued a “buy (b-)” rating on shares of Lam Research in a research report on Wednesday, November 5th. Dbs Bank boosted their price target on shares of Lam Research from $119.40 to $184.20 in a research note on Monday, October 27th. Morgan Stanley lifted their target price on Lam Research from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. HSBC set a $127.00 price target on Lam Research and gave the company a “hold” rating in a research report on Tuesday, September 30th. Finally, Mizuho upped their target price on shares of Lam Research from $162.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $149.04.

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.