Darden Wealth Group Inc Reduces Stock Position in Lam Research Corporation $LRCX

Darden Wealth Group Inc cut its holdings in Lam Research Corporation (NASDAQ:LRCX) by 42.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,070 shares of the semiconductor company’s stock after selling 2,950 shares during the quarter. Darden Wealth Group Inc’s holdings in Lam Research were worth $396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of LRCX. Smallwood Wealth Investment Management LLC purchased a new position in shares of Lam Research during the first quarter valued at approximately $26,000. IMG Wealth Management Inc. bought a new position in Lam Research in the 2nd quarter worth $26,000. REAP Financial Group LLC bought a new position in Lam Research in the 2nd quarter worth $31,000. 1 North Wealth Services LLC purchased a new stake in shares of Lam Research in the 1st quarter worth about $36,000. Finally, Rossby Financial LCC bought a new stake in shares of Lam Research during the 1st quarter valued at about $37,000. Institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

LRCX has been the topic of several research reports. KeyCorp lifted their price objective on Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. TD Cowen increased their price objective on shares of Lam Research from $145.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company upped their target price on shares of Lam Research from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Thursday. B. Riley raised their price target on shares of Lam Research from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average price target of $147.57.

Lam Research Price Performance

Shares of LRCX opened at $151.68 on Friday. The firm has a fifty day simple moving average of $123.23 and a two-hundred day simple moving average of $99.87. The firm has a market cap of $191.27 billion, a PE ratio of 33.41, a P/E/G ratio of 1.81 and a beta of 1.84. The company has a current ratio of 2.21, a quick ratio of 1.55 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 $153.70.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping 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 company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. Lam Research’s revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were given a dividend of $0.26 per share. 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 dividend payout ratio (DPR) is presently 22.91%.

Insider Buying and Selling

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the transaction, the senior vice president directly owned 251,047 shares in the company, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

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.