Oak Associates Ltd. OH Acquires 33,000 Shares of Lam Research Corporation $LRCX

Oak Associates Ltd. OH lifted its stake in Lam Research Corporation (NASDAQ:LRCX) by 133.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,638 shares of the semiconductor company’s stock after acquiring an additional 33,000 shares during the period. Oak Associates Ltd. OH’s holdings in Lam Research were worth $5,610,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LRCX. Associated Banc Corp raised its stake in shares of Lam Research by 0.5% during the 2nd quarter. Associated Banc Corp now owns 968,302 shares of the semiconductor company’s stock valued at $94,255,000 after purchasing an additional 4,912 shares during the period. Advisors Asset Management Inc. grew its holdings in Lam Research by 15.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 74,899 shares of the semiconductor company’s stock valued at $7,291,000 after buying an additional 10,029 shares in the last quarter. Columbia Bank grew its holdings in Lam Research by 3.0% during the 2nd quarter. Columbia Bank now owns 44,600 shares of the semiconductor company’s stock valued at $4,452,000 after buying an additional 1,290 shares in the last quarter. Laurel Wealth Advisors LLC increased its position in shares of Lam Research by 9,634.1% during the second quarter. Laurel Wealth Advisors LLC now owns 49,644 shares of the semiconductor company’s stock valued at $4,832,000 after buying an additional 49,134 shares during the period. Finally, One Charles Private Wealth Services LLC lifted its holdings in shares of Lam Research by 347.5% in the second quarter. One Charles Private Wealth Services LLC now owns 17,900 shares of the semiconductor company’s stock worth $1,742,000 after buying an additional 13,900 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Trading Up 5.4%

NASDAQ LRCX opened at $150.38 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The stock’s 50-day simple moving average is $144.80 and its two-hundred day simple moving average is $112.96. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $167.15. The company has a market capitalization of $188.88 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 1.68 and a beta of 1.87.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data 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. The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.Lam Research’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same period last year, the firm posted $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Lam Research’s dividend payout ratio (DPR) is currently 22.91%.

Insider Buying and Selling at Lam Research

In other news, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the transaction, the director owned 1,652 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction dated 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 approximately $148,677,892.20. This trade represents a 3.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 102,608 shares of company stock worth $14,916,496 in the last quarter. 0.31% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on LRCX. Zacks Research upgraded shares of Lam Research from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Susquehanna upped their price target on shares of Lam Research from $135.00 to $200.00 and gave the stock a “positive” rating in a report on Thursday, October 23rd. Wells Fargo & Company lifted their price objective on Lam Research from $135.00 to $145.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. TD Cowen upped their target price on Lam Research from $145.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Stifel Nicolaus set a $160.00 price target on Lam Research and gave the company a “buy” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $151.84.

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.