Harbour Investments Inc. Increases Holdings in Lam Research Corporation $LRCX

Harbour Investments Inc. raised its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,230 shares of the semiconductor company’s stock after buying an additional 192 shares during the period. Harbour Investments Inc.’s holdings in Lam Research were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LRCX. Vanguard Group Inc. increased its stake 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. increased its stake in shares of Lam Research by 2.8% in the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company’s stock worth $1,259,947,000 after purchasing an additional 472,636 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Lam Research by 25.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company’s stock worth $693,319,000 after purchasing an additional 1,953,221 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Lam Research by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company’s stock worth $647,067,000 after purchasing an additional 418,077 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Lam Research in the 1st quarter worth $604,344,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Performance

Lam Research stock opened at $144.05 on Tuesday. The firm has a market capitalization of $181.65 billion, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 1.72 and a beta of 1.84. The company’s 50-day moving average is $119.90 and its 200 day moving average is $97.75. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $153.70. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. The business had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were paid a $0.26 dividend. 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 was Wednesday, September 24th. Lam Research’s payout ratio is 25.00%.

Insider Activity at Lam Research

In other news, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the completion of the sale, the senior vice president directly owned 251,047 shares in the company, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wells Fargo & Company upped their price objective on Lam Research from $98.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lam Research in a report on Wednesday, October 8th. Erste Group Bank assumed coverage on shares of Lam Research in a report on Thursday, August 14th. They issued a “buy” rating for the company. Hsbc Global Res raised shares of Lam Research to a “hold” rating in a report on Tuesday, September 30th. Finally, Barclays set a $142.00 target price on shares of Lam Research and gave the stock an “equal weight” rating in a report on Monday. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.04.

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.