Penserra Capital Management LLC Purchases 5,713 Shares of Lam Research Corporation $LRCX

Penserra Capital Management LLC boosted its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 2.3% in the second quarter, HoldingsChannel reports. The fund owned 250,963 shares of the semiconductor company’s stock after purchasing an additional 5,713 shares during the quarter. Penserra Capital Management LLC’s holdings in Lam Research were worth $24,427,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Lam Research by 6.9% in the 1st 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 in the last quarter. Invesco Ltd. raised its stake in Lam Research by 2.8% in the first quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company’s stock valued at $1,259,947,000 after buying an additional 472,636 shares during the last quarter. Nordea Investment Management AB raised its stake 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 valued at $1,029,210,000 after buying an additional 2,692,189 shares during the last quarter. 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 acquiring an additional 1,953,221 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Lam Research by 4.9% during 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 acquiring an additional 418,077 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Price Performance

NASDAQ:LRCX opened at $159.35 on Friday. The firm’s fifty day moving average is $134.94 and its two-hundred day moving average is $106.31. The firm has a market cap of $200.15 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 1.68 and a beta of 1.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. Lam Research Corporation has a one year low of $56.32 and a one year high of $166.92.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (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 business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The company’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. Research analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

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 given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, December 3rd. Lam Research’s dividend payout ratio is currently 22.91%.

Insider Transactions at Lam Research

In other news, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Vahid Vahedi sold 52,190 shares of the 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 sale, 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 SEC filing for this sale provides additional information. Insiders have sold 62,498 shares of company stock valued at $8,875,663 in the last 90 days. 0.31% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on LRCX. Wells Fargo & Company increased their price objective on shares of Lam Research from $135.00 to $145.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Morgan Stanley raised their price target on shares of Lam Research from $125.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Mizuho boosted their price objective on shares of Lam Research from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $170.00 target price on shares of Lam Research in a research report on Thursday, October 23rd. Finally, Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $148.54.

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.