Jennison Associates LLC Decreases Stock Holdings in Lam Research Corporation $LRCX

Jennison Associates LLC lowered its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 0.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 844,643 shares of the semiconductor company’s stock after selling 128 shares during the period. Jennison Associates LLC owned about 0.07% of Lam Research worth $82,218,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Lam Research by 1,032.4% in the fourth 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 in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Lam Research by 18.5% in the first quarter. Golden State Wealth Management LLC now owns 2,249 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 351 shares in the last quarter. Canandaigua National Bank & Trust Co. purchased a new stake in shares of Lam Research in the first quarter valued at about $214,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Lam Research in the first quarter valued at about $26,000. Finally, Mather Group LLC. lifted its holdings in shares of Lam Research by 134.4% in the first quarter. Mather Group LLC. now owns 37,985 shares of the semiconductor company’s stock valued at $2,762,000 after purchasing an additional 21,779 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Activity at Lam Research

In other news, insider Ava Harter sold 9,010 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $157.47, for a total value of $1,418,804.70. Following the completion of the sale, the insider owned 56,786 shares of the company’s stock, valued at $8,942,091.42. This represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction on Monday, October 13th. The stock was 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 of the company’s stock, valued at $34,870,428.30. The trade was a 17.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LRCX. New Street Research boosted their price objective on shares of Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Hsbc Global Res raised shares of Lam Research to a “hold” rating in a research report on Tuesday, September 30th. HSBC set a $127.00 price objective on shares of Lam Research and gave the company a “hold” rating in a research report on Tuesday, September 30th. B. Riley boosted their price objective 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, The Goldman Sachs Group boosted their price objective on shares of Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.54.

Lam Research Stock Performance

Shares of LRCX stock opened at $160.67 on Thursday. Lam Research Corporation has a one year low of $56.32 and a one year high of $163.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The company has a 50 day moving average price of $126.73 and a 200 day moving average price of $101.95. The firm has a market capitalization of $201.81 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 1.62 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results 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 net margin of 29.66% and a return on equity of 60.60%. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the prior year, the business posted $0.86 earnings per share. Lam Research’s revenue for the quarter 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. Sell-side analysts anticipate 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. 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 0.6%. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, September 24th. Lam Research’s dividend payout ratio (DPR) is currently 22.91%.

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.