FDx Advisors Inc. Acquires New Shares in Lam Research Corporation $LRCX

FDx Advisors Inc. bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,211 shares of the semiconductor company’s stock, valued at approximately $313,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LRCX. Acadian Asset Management LLC lifted its holdings in shares of Lam Research by 669.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,592,753 shares of the semiconductor company’s stock valued at $155,019,000 after purchasing an additional 1,385,667 shares in the last quarter. Brio Consultants LLC raised its holdings in Lam Research by 4.8% during the 2nd quarter. Brio Consultants LLC now owns 2,961 shares of the semiconductor company’s stock worth $288,000 after buying an additional 136 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Lam Research by 8.4% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,024,553 shares of the semiconductor company’s stock valued at $294,410,000 after buying an additional 234,369 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in Lam Research by 68.8% in the second quarter. Los Angeles Capital Management LLC now owns 1,254,343 shares of the semiconductor company’s stock valued at $122,098,000 after buying an additional 511,377 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its holdings in shares of Lam Research by 620.5% in the second quarter. Prospera Financial Services Inc now owns 71,133 shares of the semiconductor company’s stock valued at $6,926,000 after buying an additional 61,260 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Performance

LRCX opened at $159.35 on Friday. The business’s 50-day simple moving average is $134.94 and its 200 day simple moving average is $106.61. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $166.92. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The firm has a market capitalization of $200.15 billion, a PE ratio of 35.10, a PEG ratio of 1.68 and a beta of 1.87.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the company earned $0.86 earnings per share. The business’s revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, December 3rd. Lam Research’s payout ratio is presently 22.91%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Berenberg Bank raised their price objective on shares of Lam Research from $122.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Needham & Company LLC lifted their price target on Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Citigroup boosted their price target on Lam Research from $120.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. HSBC set a $127.00 price objective on Lam Research and gave the stock a “hold” rating in a report on Tuesday, September 30th. Finally, Zacks Research upgraded Lam Research from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and an average target price of $148.54.

Insiders Place Their Bets

In other Lam Research news, insider Ava Harter sold 9,010 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $157.47, for a total value of $1,418,804.70. Following the completion of the sale, the insider owned 56,786 shares in the company, valued at $8,942,091.42. This trade represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Vahid Vahedi sold 52,190 shares of the business’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 62,498 shares of company stock valued at $8,875,663. 0.31% of the stock is currently owned by corporate insiders.

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.