Vaughan David Investments LLC IL Sells 8,613 Shares of Lam Research Corporation $LRCX

Vaughan David Investments LLC IL cut its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 611,996 shares of the semiconductor company’s stock after selling 8,613 shares during the period. Lam Research makes up 1.8% of Vaughan David Investments LLC IL’s holdings, making the stock its 5th biggest holding. Vaughan David Investments LLC IL’s holdings in Lam Research were worth $81,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Gilliland Jeter Wealth Management LLC increased its holdings in Lam Research by 0.3% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 26,501 shares of the semiconductor company’s stock valued at $3,548,000 after purchasing an additional 69 shares during the last quarter. Gold Investment Management Ltd. lifted its stake in Lam Research by 0.5% during the third quarter. Gold Investment Management Ltd. now owns 14,736 shares of the semiconductor company’s stock worth $1,973,000 after purchasing an additional 70 shares in the last quarter. Hemington Wealth Management boosted its position in shares of Lam Research by 4.3% during the third quarter. Hemington Wealth Management now owns 1,731 shares of the semiconductor company’s stock worth $231,000 after buying an additional 72 shares during the period. Magnus Financial Group LLC grew its stake in shares of Lam Research by 0.3% in the third quarter. Magnus Financial Group LLC now owns 22,838 shares of the semiconductor company’s stock valued at $3,058,000 after buying an additional 76 shares in the last quarter. Finally, Natural Investments LLC grew its stake in shares of Lam Research by 2.4% in the third quarter. Natural Investments LLC now owns 3,408 shares of the semiconductor company’s stock valued at $456,000 after buying an additional 79 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LRCX has been the subject of a number of research analyst reports. Morgan Stanley set a $211.00 target price on Lam Research in a report on Thursday. Berenberg Bank raised their price objective on shares of Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Dbs Bank upped their target price on shares of Lam Research from $119.40 to $184.20 in a research note on Monday, October 27th. JPMorgan Chase & Co. raised their price target on shares of Lam Research from $113.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $250.00 price target (up previously from $160.00) on shares of Lam Research in a research note on Tuesday. Twenty-eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.46.

Lam Research Stock Up 2.5%

Shares of NASDAQ:LRCX opened at $222.96 on Tuesday. The firm has a 50 day simple moving average of $172.73 and a 200-day simple moving average of $138.40. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $229.57. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $280.04 billion, a PE ratio of 49.11, a P/E/G ratio of 2.55 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last posted its 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 net margin of 29.66% and a return on equity of 60.60%. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the firm posted $0.86 EPS. The company’s 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. On average, equities analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 3rd. Lam Research’s payout ratio is presently 22.91%.

Insider Activity

In other Lam Research news, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the transaction, the director owned 1,652 shares of the company’s stock, valued at $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the sale, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at $148,677,892.20. The trade was a 3.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 50,418 shares of company stock valued at $7,667,305. Insiders own 0.31% of the company’s stock.

Lam Research Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.