Lam Research Corporation $LRCX Shares Bought by iA Global Asset Management Inc.

iA Global Asset Management Inc. boosted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,206 shares of the semiconductor company’s stock after buying an additional 322 shares during the period. iA Global Asset Management Inc.’s holdings in Lam Research were worth $14,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in shares of Lam Research in the second quarter valued at about $26,000. REAP Financial Group LLC acquired a new position in shares of Lam Research in the second quarter valued at about $31,000. 1 North Wealth Services LLC acquired a new position in shares of Lam Research in the first quarter valued at about $36,000. Rossby Financial LCC purchased a new stake in shares of Lam Research in the first quarter worth about $37,000. Finally, Saudi Central Bank purchased a new stake in shares of Lam Research in the first quarter worth about $37,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LRCX. Mizuho upped their target price on Lam Research from $162.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. upped their target price on Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. BNP Paribas Exane upped their target price on Lam Research from $80.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. 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, Summit Insights downgraded Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.54.

Lam Research Price Performance

NASDAQ:LRCX opened at $157.46 on Friday. Lam Research Corporation has a one year low of $56.32 and a one year high of $165.22. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The stock has a market cap of $197.77 billion, a PE ratio of 34.68, a P/E/G ratio of 1.68 and a beta of 1.84. The stock has a 50 day moving average price of $129.13 and a 200 day moving average price of $103.22.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating 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 firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The business’s revenue for the quarter was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Equities research analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.7%. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, September 24th. Lam Research’s payout ratio is 22.91%.

Insider Buying and Selling at Lam Research

In other news, SVP Vahid Vahedi sold 52,190 shares of the firm’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the completion of the transaction, the senior vice president directly owned 251,047 shares in the company, valued at $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction 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 approximately $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. Company 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.