Ashton Thomas Private Wealth LLC Has $7.37 Million Stock Position in Lam Research Corporation $LRCX

Ashton Thomas Private Wealth LLC decreased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,514 shares of the semiconductor company’s stock after selling 2,760 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Lam Research were worth $7,367,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LRCX. Smallwood Wealth Investment Management LLC acquired a new position in Lam Research in the 1st quarter valued at $26,000. IMG Wealth Management Inc. acquired a new position in Lam Research in the 2nd quarter valued at $26,000. REAP Financial Group LLC acquired a new position in Lam Research in the 2nd quarter valued at $31,000. 1 North Wealth Services LLC acquired a new position in Lam Research in the 1st quarter valued at $36,000. Finally, Rossby Financial LCC acquired a new position in Lam Research in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Lam Research from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Hsbc Global Res upgraded shares of Lam Research to a “hold” rating in a research note on Tuesday, September 30th. HSBC set a $127.00 target price on shares of Lam Research and gave the company a “hold” rating in a research note on Tuesday, September 30th. The Goldman Sachs Group raised their target price on shares of Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Needham & Company LLC raised their target price on shares of Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $147.57.

Insider Activity at Lam Research

In other news, SVP Vahid Vahedi sold 52,190 shares of the firm’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 completion of the transaction, the senior vice president directly owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

NASDAQ LRCX opened at $151.68 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60. The firm has a market capitalization of $191.27 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 1.66 and a beta of 1.84. The company’s fifty day moving average is $123.23 and its two-hundred day moving average is $100.07. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $153.70.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.04. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The business’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Equities research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend 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 22.91%.

Lam Research Company 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.