Ballast Advisors LLC Invests $206,000 in Lam Research Corporation $LRCX

Ballast Advisors LLC purchased a new stake in Lam Research Corporation (NASDAQ:LRCX) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 2,121 shares of the semiconductor company’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Lam Research by 6.9% in the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock worth $9,389,358,000 after purchasing an additional 8,364,375 shares during the period. Invesco Ltd. boosted its holdings in Lam Research by 2.8% in the first quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company’s stock worth $1,259,947,000 after purchasing an additional 472,636 shares during the period. Nordea Investment Management AB boosted its holdings in Lam Research by 34.1% in the second quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock worth $1,029,210,000 after purchasing an additional 2,692,189 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Lam Research by 25.8% in the first quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company’s stock worth $693,319,000 after purchasing an additional 1,953,221 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Lam Research by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company’s stock worth $647,067,000 after purchasing an additional 418,077 shares during the period. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

LRCX stock opened at $151.68 on Friday. The company has a market capitalization of $191.27 billion, a P/E ratio of 33.41, a PEG ratio of 1.81 and a beta of 1.84. The company has a 50-day simple moving average of $123.23 and a 200 day simple moving average of $99.87. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $153.70. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.04. The business 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 quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Sell-side analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.7%. This is a boost from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, September 24th. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

Insider Buying and Selling

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the business’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the sale, the senior vice president directly owned 251,047 shares in the company, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on LRCX. TD Cowen lifted their price objective on shares of Lam Research from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group set a $165.00 price target on shares of Lam Research and gave the company a “buy” rating in a report on Thursday. B. Riley boosted their price target on shares of Lam Research from $160.00 to $175.00 and gave the company a “buy” rating in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Lam Research from $113.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $147.57.

About Lam Research

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.