WealthBridge Capital Management LLC Acquires New Stake in Lam Research Corporation $LRCX

WealthBridge Capital Management LLC acquired a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,691 shares of the semiconductor company’s stock, valued at approximately $359,000.

Other hedge funds have also recently made changes to their positions in the company. Sava Infond d.o.o. increased its position in shares of Lam Research by 3.1% in the second quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock worth $7,325,000 after purchasing an additional 2,250 shares during the last quarter. Empowered Funds LLC lifted its position in Lam Research by 10.5% during the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock valued at $13,629,000 after purchasing an additional 17,833 shares during the last quarter. Genus Capital Management Inc. purchased a new position in Lam Research in the 2nd quarter worth approximately $14,476,000. Cookson Peirce & Co. Inc. bought a new position in shares of Lam Research in the 1st quarter worth $607,000. Finally, Glass Wealth Management Co LLC raised its position in shares of Lam Research by 8.5% during the 2nd quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock valued at $2,810,000 after buying an additional 2,270 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 2.2%

Shares of LRCX opened at $142.65 on Friday. 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 market capitalization of $179.17 billion, a P/E ratio of 31.42, a PEG ratio of 1.68 and a beta of 1.87. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $167.15. The firm has a fifty day simple moving average of $144.17 and a two-hundred day simple moving average of $111.89.

Lam Research (NASDAQ:LRCX) last released 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. The business 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%.Lam Research’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

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

Insider Activity at Lam Research

In related news, insider Ava Harter sold 9,010 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 56,786 shares in the company, valued at $8,942,091.42. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bethany Mayer sold 1,298 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction 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. The trade was a 44.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 102,608 shares of company stock worth $14,916,496. 0.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LRCX. Erste Group Bank began coverage on shares of Lam Research in a research report on Thursday, August 14th. They issued a “buy” rating for the company. Berenberg Bank lifted their price target on Lam Research from $122.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. HSBC set a $127.00 price objective on Lam Research and gave the company a “hold” rating in a research report on Tuesday, September 30th. UBS Group set a $165.00 target price on Lam Research and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Cowen reiterated a “buy” rating on shares of Lam Research in a research report on Thursday, October 23rd. One 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.