Lam Research Corporation $LRCX Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,802,736 shares of the semiconductor company’s stock after purchasing an additional 1,135,405 shares during the period. Geode Capital Management LLC’s holdings in Lam Research were worth $3,280,484,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LRCX. Brighton Jones LLC lifted its stake in Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Mutual of America Capital Management LLC acquired a new stake in Lam Research during the first quarter worth approximately $13,345,000. Stephens Inc. AR lifted its position in shares of Lam Research by 55.0% during the 1st quarter. Stephens Inc. AR now owns 9,603 shares of the semiconductor company’s stock worth $698,000 after buying an additional 3,409 shares during the last quarter. CWM LLC boosted its holdings in shares of Lam Research by 32.0% in the 1st quarter. CWM LLC now owns 66,123 shares of the semiconductor company’s stock valued at $4,807,000 after buying an additional 16,028 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its position in shares of Lam Research by 11.9% in the 1st quarter. Bleakley Financial Group LLC now owns 27,518 shares of the semiconductor company’s stock valued at $2,001,000 after buying an additional 2,922 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX stock opened at $159.18 on Wednesday. The stock’s 50-day moving average price is $137.51 and its 200 day moving average price is $108.19. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $199.93 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 1.68 and a beta of 1.87. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $167.15.

Lam Research (NASDAQ:LRCX) last announced its earnings results 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 return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the business posted $0.86 EPS. The company’s revenue was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, equities research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Lam Research’s dividend payout ratio is presently 22.91%.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of research reports. Dbs Bank boosted their price target on shares of Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. Erste Group Bank began coverage on Lam Research in a research report on Thursday, August 14th. They set a “buy” rating on the stock. BNP Paribas Exane upped their target price on Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. New Street Research raised their price target on Lam Research from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, Evercore ISI lifted their price target on Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $148.54.

Insider Transactions at Lam Research

In other news, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the sale, the director owned 1,652 shares of the company’s stock, valued at $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ava Harter sold 9,010 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the transaction, the insider owned 56,786 shares in the company, valued at approximately $8,942,091.42. This trade represents a 13.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 62,528 shares of company stock worth $8,880,448. Company insiders own 0.31% of the company’s stock.

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.