Savvy Advisors Inc. Raises Stock Holdings in Lam Research Corporation $LRCX

Savvy Advisors Inc. boosted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 95.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,644 shares of the semiconductor company’s stock after purchasing an additional 3,252 shares during the quarter. Savvy Advisors Inc.’s holdings in Lam Research were worth $647,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. IMG Wealth Management Inc. purchased a new position in shares of Lam Research in the second quarter valued at approximately $26,000. REAP Financial Group LLC purchased a new position in shares of Lam Research in the second quarter valued at approximately $31,000. 1 North Wealth Services LLC purchased a new position in shares of Lam Research in the first quarter valued at approximately $36,000. Rossby Financial LCC purchased a new position in shares of Lam Research in the first quarter valued at approximately $37,000. Finally, Saudi Central Bank purchased a new position in shares of Lam Research in the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the firm’s 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 owned 251,047 shares of the company’s stock, valued at $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 available through the SEC website. Also, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $157.47, for a total value of $1,418,804.70. Following the sale, the insider directly owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. This trade represents a 13.69% decrease in their position. The SEC filing for this sale provides additional information. 0.31% of the stock is owned by company insiders.

Lam Research Stock Performance

Shares of Lam Research stock opened at $157.46 on Friday. The business’s 50 day moving average price is $129.13 and its 200 day moving average price is $102.98. 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 market cap of $197.77 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 1.68 and a beta of 1.84. Lam Research Corporation has a one year low of $56.32 and a one year high of $165.22.

Lam Research (NASDAQ:LRCX) last posted its 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 during the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The firm’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, research analysts predict 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. Shareholders of record on Wednesday, September 24th were paid 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 of this dividend was Wednesday, September 24th. Lam Research’s payout ratio is 22.91%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Oppenheimer set a $200.00 target price on Lam Research and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Dbs Bank raised their target price on Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. The Goldman Sachs Group raised their target price on Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Stifel Nicolaus set a $160.00 price objective on Lam Research and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $170.00 price objective on shares of Lam Research in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.54.

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.