Lam Research Corporation $LRCX Shares Bought by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 115.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,198 shares of the semiconductor company’s stock after acquiring an additional 11,883 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Lam Research were worth $2,972,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Howard Hughes Medical Institute acquired a new stake in Lam Research during the 2nd quarter valued at $27,000. Strategic Wealth Investment Group LLC bought a new stake in shares of Lam Research in the second quarter valued at approximately $29,000. Delos Wealth Advisors LLC acquired a new position in shares of Lam Research during the second quarter valued at about $30,000. Bank of Jackson Hole Trust raised its stake in shares of Lam Research by 111.1% in the second quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 200 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Lam Research during the 2nd quarter valued at about $38,000. 84.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lam Research from $260.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Summit Insights raised shares of Lam Research from a “hold” rating to a “buy” rating in a research note on Thursday, January 29th. Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Lam Research in a research note on Monday, December 29th. Finally, Susquehanna set a $325.00 price target on Lam Research and gave the company a “positive” rating in a research note on Thursday, January 29th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $245.19.

Lam Research Trading Up 2.1%

LRCX opened at $249.48 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $256.68. The company’s 50 day moving average price is $214.18 and its two-hundred day moving average price is $163.37. The firm has a market capitalization of $311.54 billion, a price-to-earnings ratio of 51.12, a PEG ratio of 2.62 and a beta of 1.78.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. Lam Research’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is 21.31%.

Insider Activity

In other Lam Research news, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.31% of the stock is owned by company insiders.

About Lam Research

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.