Lam Research Corporation $LRCX Stock Holdings Increased by Raiffeisen Bank International AG
Raiffeisen Bank International AG increased its stake in Lam Research Corporation by 11.3% in Q2, owning 168,621 shares valued at $16.19 million. Other institutional investors also adjusted their holdings. Lam Research's stock opened at $148.26, with a market cap of $186.22 billion. The company reported Q3 earnings of $1.26 per share, surpassing estimates, and announced a quarterly dividend of $0.26 per share. Recent insider sales were disclosed, and analysts have set new price targets for the stock.
Raiffeisen Bank International AG boosted its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 11.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,621 shares of the semiconductor company's stock after buying an additional 17,119 shares during the period. Raiffeisen Bank International AG's holdings in Lam Research were worth $16,191,000 as of its most recent SEC filing.
- MarketBeat Week in Review – 11/10 - 11/14
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Empowered Funds LLC raised its stake in shares of Lam Research by 10.5% in the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock valued at $13,629,000 after acquiring an additional 17,833 shares in the last quarter. Genus Capital Management Inc. bought a new stake in Lam Research during the second quarter worth about $14,476,000. Cookson Peirce & Co. Inc. bought a new position in Lam Research in the 1st quarter valued at $607,000. Glass Wealth Management Co LLC lifted its position in Lam Research by 8.5% during the 2nd quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company's stock worth $2,810,000 after buying an additional 2,270 shares in the last quarter. Finally, First Interstate Bank acquired a new position in Lam Research during the 2nd quarter worth $230,000. Institutional investors own 84.61% of the company's stock.
Lam Research Stock Down 3.3%
LRCX stock opened at $148.26 on Monday. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $167.15. The firm has a market cap of $186.22 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.87. The business has a 50 day moving average of $140.75 and a 200 day moving average of $109.94.
- 2 Reasons to Buy Into Lam’s 185% Rally, 1 Reason to Run Away
Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (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 analyst estimates of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The firm's quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.
Lam Research Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 3rd. Lam Research's dividend payout ratio (DPR) is presently 22.91%.
Insiders Place Their Bets
- High-Flyers Near Resistance: 3 Stocks to Watch for a Dip
In other news, Director Bethany Mayer sold 1,298 shares of the business'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 $264,303.48. The trade was a 44.00% 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, insider Ava Harter sold 9,010 shares of Lam Research stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $157.47, for a total value of $1,418,804.70. Following the transaction, 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 disclosure for this sale is available in the SEC filing. Insiders have sold 62,528 shares of company stock valued at $8,880,448 over the last ninety days. Company insiders own 0.31% of the company's stock.
Analysts Set New Price Targets
LRCX has been the subject of a number of research analyst reports. Evercore ISI boosted their target price on Lam Research from $115.00 to $170.00 and gave the company an "outperform" rating in a research note on Thursday, October 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Lam Research in a research report on Wednesday, November 5th. Zacks Research raised shares of Lam Research from a "hold" rating to a "strong-buy" rating in a report on Monday, October 20th. Wells Fargo & Company lifted their price target on shares of Lam Research from $135.00 to $145.00 and gave the stock an "equal weight" rating in a report on Thursday, October 23rd. Finally, BNP Paribas Exane boosted their price objective on Lam Research from $80.00 to $140.00 and gave the company a "neutral" rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.04.
Get Our Latest Report on Lam Research
About Lam Research
(Free Report)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.
Further Reading
- Five stocks we like better than Lam Research
- 3 Best Fintech Stocks for a Portfolio Boost
- Battle of the Black Friday Stocks: Amazon vs. Walmart vs. Target
- What is a Dividend King?
- 4 Cold-Weather Stocks to Buy as Winter Spending Heats Up
- Stock Average Calculator
- Disney Stock Drops—Will Earnings Pave Way for a YouTube TV Truce?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Lam Research Right Now?
Before you consider Lam Research, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lam Research wasn't on the list.
While Lam Research currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
