Linscomb Wealth Inc. Sells 440 Shares of Lam Research Corporation $LRCX

Linscomb Wealth Inc. cut its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 167,083 shares of the semiconductor company’s stock after selling 440 shares during the period. Lam Research accounts for 0.7% of Linscomb Wealth Inc.’s portfolio, making the stock its 18th biggest position. Linscomb Wealth Inc.’s holdings in Lam Research were worth $16,264,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. IMG Wealth Management Inc. purchased a new position in shares of Lam Research during the second quarter valued at approximately $26,000. REAP Financial Group LLC purchased a new position in shares of Lam Research during the second quarter valued at approximately $31,000. Bank of Jackson Hole Trust increased its stake in shares of Lam Research by 111.1% during the second quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 200 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Lam Research during the second quarter valued at approximately $38,000. Finally, Hilltop National Bank purchased a new position in shares of Lam Research during the second quarter valued at approximately $38,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen raised Lam Research from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Cowen reissued a “buy” rating on shares of Lam Research in a research note on Thursday, October 23rd. Barclays set a $142.00 price target on Lam Research and gave the stock an “equal weight” rating in a research note on Monday, October 20th. KeyCorp upped 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. Finally, Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.54.

Lam Research Trading Up 0.2%

Lam Research stock opened at $161.01 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The business’s fifty day simple moving average is $127.98 and its two-hundred day simple moving average is $102.36. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $165.22. The company has a market capitalization of $202.23 billion, a price-to-earnings ratio of 35.46, a price-to-earnings-growth ratio of 1.68 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, equities 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. Stockholders of record on Wednesday, September 24th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, September 24th. This is an increase from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.6%. Lam Research’s dividend payout ratio is currently 22.91%.

Insiders Place Their Bets

In other news, insider Ava Harter sold 9,010 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the transaction, the insider directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction on 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.31% of the company’s stock.

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.