Ashton Thomas Private Wealth LLC Sells 2,760 Shares of Lam Research Corporation $LRCX

Ashton Thomas Private Wealth LLC reduced its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 3.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 75,514 shares of the semiconductor company’s stock after selling 2,760 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Lam Research were worth $7,367,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new position in Lam Research during the 2nd quarter valued at about $26,000. REAP Financial Group LLC bought a new position in Lam Research during the 2nd quarter valued at about $31,000. Smallwood Wealth Investment Management LLC bought a new position in Lam Research during the 1st quarter valued at about $26,000. Hilltop National Bank bought a new position in Lam Research during the 2nd quarter valued at about $38,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in Lam Research by 207.3% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 284 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Insider Buying and Selling at Lam Research

In other news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the completion of the transaction, the senior vice president owned 251,047 shares in the company, valued at $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by company insiders.

Analyst Ratings Changes

LRCX has been the subject of several analyst reports. Morgan Stanley lifted their price target on shares of Lam Research from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday. B. Riley boosted their target price on shares of Lam Research from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. HSBC set a $127.00 target price on shares of Lam Research and gave the stock a “hold” rating in a research note on Tuesday, September 30th. Rothschild & Co Redburn boosted their target price 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. Finally, Evercore ISI boosted their target price on shares of Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.57.

Lam Research Stock Up 2.8%

Shares of NASDAQ:LRCX opened at $151.68 on Monday. Lam Research Corporation has a one year low of $56.32 and a one year high of $153.70. The company has a 50 day moving average of $123.23 and a 200-day moving average of $100.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60. The stock has a market cap of $191.27 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 1.66 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last issued its quarterly 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 during 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%. Lam Research’s revenue was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, sell-side analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. This is a boost from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, September 24th. Lam Research’s dividend payout ratio is currently 22.91%.

Lam Research Company 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.