Klingman & Associates LLC Buys Shares of 2,127 Lam Research Corporation $LRCX

Klingman & Associates LLC bought a new stake in shares of Lam Research Corporation (NASDAQ:LRCXFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,127 shares of the semiconductor company’s stock, valued at approximately $207,000.

A number of other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in shares of Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 12,936 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Lam Research by 21.5% in the 1st quarter. GAMMA Investing LLC now owns 29,408 shares of the semiconductor company’s stock valued at $2,138,000 after purchasing an additional 5,213 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Lam Research by 6.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 22,753 shares of the semiconductor company’s stock valued at $1,654,000 after purchasing an additional 1,432 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Lam Research by 6.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 542,215 shares of the semiconductor company’s stock valued at $39,419,000 after purchasing an additional 32,462 shares during the last quarter. Finally, Legacy Advisors LLC lifted its stake in shares of Lam Research by 10.5% in the 1st quarter. Legacy Advisors LLC now owns 9,721 shares of the semiconductor company’s stock valued at $707,000 after purchasing an additional 926 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity

In other news, SVP Vahid Vahedi sold 52,190 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX opened at $145.04 on Wednesday. The company has a market capitalization of $182.90 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 1.75 and a beta of 1.84. Lam Research Corporation has a one year low of $56.32 and a one 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. The company’s fifty day moving average price is $120.69 and its 200 day moving average price is $98.08.

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

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 24th. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is presently 25.00%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Lam Research from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Summit Insights lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. Wells Fargo & Company lifted their price objective on shares of Lam Research from $98.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft raised shares of Lam Research from a “hold” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $150.00 in a research note on Monday, September 29th. Finally, Wall Street Zen upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.04.

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Lam Research Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

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