TD Asset Management Inc Has $324.39 Million Position in Lam Research Corporation $LRCX

TD Asset Management Inc lessened its position in Lam Research Corporation (NASDAQ:LRCX) by 17.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,422,589 shares of the semiconductor company’s stock after selling 529,820 shares during the period. TD Asset Management Inc owned about 0.19% of Lam Research worth $324,385,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Howard Hughes Medical Institute bought a new stake in Lam Research during the second quarter worth about $27,000. Strategic Wealth Investment Group LLC bought a new position in Lam Research in the 2nd quarter valued at $29,000. Delos Wealth Advisors LLC acquired a new position in Lam Research in the second quarter worth $30,000. Bank of Jackson Hole Trust grew its holdings 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 worth $37,000 after purchasing an additional 200 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Lam Research during the second quarter worth $38,000. Institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on LRCX. Needham & Company LLC upped their price target on shares of Lam Research from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. UBS Group set a $300.00 target price on shares of Lam Research in a research report on Thursday, January 29th. Oppenheimer reissued an “outperform” rating and set a $265.00 price target on shares of Lam Research in a research note on Thursday, January 29th. Mizuho set a $265.00 price objective on shares of Lam Research in a research report on Wednesday, January 28th. Finally, HSBC increased their price objective on Lam Research from $181.00 to $221.00 and gave the company a “hold” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $244.88.

Lam Research Trading Up 0.8%

NASDAQ:LRCX opened at $244.25 on Wednesday. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $251.87. The firm has a market capitalization of $305.01 billion, a price-to-earnings ratio of 50.05, a PEG ratio of 2.60 and a beta of 1.78. The business’s 50-day moving average price is $212.29 and its two-hundred day moving average price is $162.76.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the prior year, the business posted $0.91 EPS. Lam Research’s revenue was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, equities analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Lam Research’s payout ratio is 21.31%.

Insider Activity at Lam Research

In related news, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the sale, the director owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.