Lam Research Corporation $LRCX Shares Purchased by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. raised its stake in Lam Research Corporation (NASDAQ:LRCX) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,247 shares of the semiconductor company’s stock after buying an additional 773 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Lam Research were worth $3,944,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. IMG Wealth Management Inc. acquired a new position in shares of Lam Research in the 2nd quarter worth approximately $26,000. REAP Financial Group LLC acquired a new stake in Lam Research in the 2nd quarter valued at approximately $31,000. 1 North Wealth Services LLC purchased a new stake in Lam Research in the first quarter valued at approximately $36,000. Saudi Central Bank purchased a new stake in Lam Research in the first quarter valued at approximately $37,000. Finally, Bank of Jackson Hole Trust lifted its stake in Lam Research by 111.1% during the second quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX stock opened at $159.35 on Friday. The company has a market cap of $200.15 billion, a P/E ratio of 35.10, a PEG ratio of 1.68 and a beta of 1.87. The firm has a fifty day moving average price of $134.94 and a 200 day moving average price of $106.31. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $166.92.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.Lam Research’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. 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 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. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

Insider Transactions at Lam Research

In related news, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the sale, the director directly owned 1,652 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ava Harter sold 9,010 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 62,498 shares of company stock worth $8,875,663. 0.31% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LRCX shares. Morgan Stanley lifted their price objective on Lam Research from $125.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Rothschild & Co Redburn lifted their target price on Lam Research from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Hsbc Global Res raised shares of Lam Research to a “hold” rating in a research report on Tuesday, September 30th. Susquehanna raised their price objective on shares of Lam Research from $135.00 to $200.00 and gave the company a “positive” rating in a research note on Thursday, October 23rd. Finally, Cowen reaffirmed a “buy” rating on shares of Lam Research in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.54.

Lam Research Company 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.