Leavell Investment Management Inc. Has $2.59 Million Stock Position in Lam Research Corporation $LRCX

Leavell Investment Management Inc. boosted its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 9.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 26,534 shares of the semiconductor company’s stock after buying an additional 2,299 shares during the period. Leavell Investment Management Inc.’s holdings in Lam Research were worth $2,589,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fielder Capital Group LLC acquired a new stake in shares of Lam Research during the second quarter worth approximately $221,000. Leelyn Smith LLC grew its position in Lam Research by 2.0% during the 2nd quarter. Leelyn Smith LLC now owns 20,327 shares of the semiconductor company’s stock worth $1,979,000 after acquiring an additional 398 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Lam Research by 1.5% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,235,709 shares of the semiconductor company’s stock valued at $314,964,000 after purchasing an additional 47,478 shares in the last quarter. Asset Management One Co. Ltd. raised its position in Lam Research by 1.9% in the 2nd quarter. Asset Management One Co. Ltd. now owns 552,691 shares of the semiconductor company’s stock valued at $53,799,000 after purchasing an additional 10,476 shares during the last quarter. Finally, AlTi Global Inc. boosted its stake in Lam Research by 2.3% in the second quarter. AlTi Global Inc. now owns 9,523 shares of the semiconductor company’s stock worth $930,000 after purchasing an additional 216 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LRCX. Mizuho raised their target price on Lam Research from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday. Hsbc Global Res upgraded shares of Lam Research to a “hold” rating in a research report on Tuesday, September 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $170.00 target price on shares of Lam Research in a research note on Thursday. Stifel Nicolaus set a $160.00 price target on shares of Lam Research and gave the company a “buy” rating in a research note on Thursday. Finally, Summit Insights lowered shares of Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.57.

Insider Activity at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the completion of the sale, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.31% of the stock is currently owned by company insiders.

Lam Research Stock Up 2.8%

Shares of NASDAQ LRCX opened at $151.68 on Friday. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $153.70. The firm’s 50-day moving average is $123.23 and its 200-day moving average is $99.87. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $191.27 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 1.81 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same period in the prior year, the business 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. Equities analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were given a $0.26 dividend. The ex-dividend date was Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. This is an increase from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s dividend payout ratio is 22.91%.

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.