Harfst & Associates Inc. Has $2.60 Million Holdings in Lam Research Corporation $LRCX

Harfst & Associates Inc. lessened its holdings in Lam Research Corporation (NASDAQ:LRCX) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,662 shares of the semiconductor company’s stock after selling 761 shares during the quarter. Lam Research accounts for approximately 0.5% of Harfst & Associates Inc.’s investment portfolio, making the stock its 28th biggest holding. Harfst & Associates Inc.’s holdings in Lam Research were worth $2,595,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in shares of Lam Research during the 2nd quarter worth about $26,000. REAP Financial Group LLC bought a new stake in Lam Research during the second quarter worth about $31,000. 1 North Wealth Services LLC bought a new stake in Lam Research during the first quarter worth about $36,000. Saudi Central Bank acquired a new position in Lam Research during the first quarter valued at approximately $37,000. Finally, Bank of Jackson Hole Trust grew its stake in Lam Research by 111.1% in the second quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Up 2.1%

LRCX stock opened at $155.14 on Thursday. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $167.15. The company has a market capitalization of $194.86 billion, a PE ratio of 34.17, a price-to-earnings-growth ratio of 1.68 and a beta of 1.87. The company’s 50-day simple moving average is $146.09 and its 200 day simple moving average is $113.79. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.22 by $0.04. The company 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 business’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same period last year, the firm earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, sell-side analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a 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%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several recent analyst reports. Summit Insights downgraded Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, July 31st. Rothschild & Co Redburn boosted their price objective on shares of Lam Research from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Dbs Bank raised their target price on shares of Lam Research from $119.40 to $184.20 in a research note on Monday, October 27th. TD Cowen lifted their price target on Lam Research from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Twenty-six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $152.17.

Insider Activity

In other news, Director Bethany Mayer sold 1,298 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the transaction, the director owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. This represents a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the insider directly owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. The trade was a 13.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 102,608 shares of company stock valued at $14,916,496 over the last quarter. 0.31% of the stock is owned by corporate insiders.

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.