Joseph Group Capital Management Purchases Shares of 58,636 Lam Research Corporation $LRCX

Joseph Group Capital Management bought a new position in Lam Research Corporation (NASDAQ:LRCX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 58,636 shares of the semiconductor company’s stock, valued at approximately $5,708,000. Lam Research comprises approximately 1.9% of Joseph Group Capital Management’s portfolio, making the stock its 14th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LRCX. Brighton Jones LLC boosted its position in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 12,936 shares during the period. Alps Advisors Inc. boosted its position in shares of Lam Research by 294.2% in the first quarter. Alps Advisors Inc. now owns 17,537 shares of the semiconductor company’s stock worth $1,275,000 after buying an additional 13,088 shares during the period. Cerity Partners LLC grew its stake in shares of Lam Research by 30.1% in the first quarter. Cerity Partners LLC now owns 430,948 shares of the semiconductor company’s stock valued at $31,330,000 after buying an additional 99,778 shares in the last quarter. Mutual of America Capital Management LLC purchased a new stake in shares of Lam Research during the 1st quarter valued at about $13,345,000. Finally, New York State Common Retirement Fund boosted its holdings in Lam Research by 1.0% in the 1st quarter. New York State Common Retirement Fund now owns 1,607,244 shares of the semiconductor company’s stock worth $116,847,000 after acquiring an additional 16,434 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LRCX shares. Erste Group Bank started coverage on shares of Lam Research in a research note on Thursday, August 14th. They issued a “buy” rating for the company. KeyCorp boosted their price target on Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Cowen reissued a “buy” rating on shares of Lam Research in a research report on Thursday, October 23rd. Finally, TD Cowen increased their price objective on shares of Lam Research from $145.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $148.54.

Lam Research Trading Down 1.8%

NASDAQ:LRCX opened at $159.35 on Monday. The firm has a market capitalization of $200.15 billion, a P/E ratio of 35.10, a P/E/G ratio of 1.68 and a beta of 1.87. The business has a 50 day simple moving average of $134.94 and a 200 day simple moving average of $106.90. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $166.92.

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

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Lam Research’s payout ratio is currently 22.91%.

Insider Activity at Lam Research

In related news, insider Ava Harter sold 9,010 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $8,942,091.42. This represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the transaction, the director directly owned 1,652 shares in the company, valued at approximately $264,303.48. The trade was a 44.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,498 shares of company stock worth $8,875,663 in the last three months. 0.31% of the stock is owned by company 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.