Jacobsen Capital Management Invests $262,000 in Lam Research Corporation $LRCX

Jacobsen Capital Management acquired a new position in Lam Research Corporation (NASDAQ:LRCX) in the second quarter, HoldingsChannel reports. The firm acquired 2,693 shares of the semiconductor company’s stock, valued at approximately $262,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LRCX. Smallwood Wealth Investment Management LLC bought a new position in Lam Research during the 1st quarter worth approximately $26,000. IMG Wealth Management Inc. bought a new stake in Lam Research in the second quarter valued at approximately $26,000. REAP Financial Group LLC purchased a new stake in shares of Lam Research during the second quarter valued at approximately $31,000. 1 North Wealth Services LLC bought a new position in shares of Lam Research in the first quarter worth approximately $36,000. Finally, Rossby Financial LCC bought a new position in shares of Lam Research in the first quarter worth approximately $37,000. 84.61% of the stock is owned by institutional investors.

Insider Transactions at Lam Research

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the business’s stock in a transaction on 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 sale, the senior vice president directly owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX stock opened at $145.04 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The company’s fifty day moving average price is $120.69 and its 200-day moving average price is $98.08. The stock has a market cap of $182.90 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 1.75 and a beta of 1.84. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $153.70.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the prior year, the company earned $1.03 earnings per share. The business’s revenue was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were given a dividend of $0.26 per share. This is a boost from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Lam Research’s dividend payout ratio is 25.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. HSBC set a $127.00 price target on shares of Lam Research and gave the company a “hold” rating in a research report on Tuesday, September 30th. Cantor Fitzgerald raised their target price on Lam Research from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. B. Riley boosted their price target on Lam Research from $160.00 to $175.00 and gave the company a “buy” rating in a report on Monday. Barclays set a $142.00 price objective on Lam Research and gave the stock an “equal weight” rating in a report on Monday. Finally, Mizuho set a $162.00 target price on Lam Research and gave the company an “outperform” rating in a research note on Thursday, October 16th. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $128.04.

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.