Evermay Wealth Management LLC Increases Stock Holdings in Lam Research Corporation $LRCX

Evermay Wealth Management LLC increased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 55.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,632 shares of the semiconductor company’s stock after buying an additional 1,292 shares during the quarter. Evermay Wealth Management LLC’s holdings in Lam Research were worth $354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. REAP Financial Group LLC purchased a new stake in Lam Research during the 2nd quarter valued at about $31,000. Smallwood Wealth Investment Management LLC purchased a new stake in Lam Research during the 1st quarter valued at about $26,000. Hilltop National Bank purchased a new stake in Lam Research during the 2nd quarter valued at about $38,000. Bruce G. Allen Investments LLC grew its stake 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. Finally, 1 North Wealth Services LLC purchased a new stake in Lam Research during the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LRCX shares. UBS Group boosted their price target on Lam Research from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, July 21st. HSBC set a $127.00 target price on Lam Research and gave the stock a “hold” rating in a research note on Tuesday, September 30th. Summit Insights downgraded Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. Raymond James Financial upped their target price on Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Finally, B. Riley upped their target price on Lam Research from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Insiders Place Their Bets

In related news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction dated Monday, October 13th. The stock was 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 of the company’s stock, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

NASDAQ LRCX opened at $141.51 on Monday. The stock has a market capitalization of $178.45 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 1.72 and a beta of 1.84. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $153.70. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $119.06 and a 200 day moving average of $97.16.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. The company had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.Lam Research’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 24th. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is currently 25.00%.

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.