M&G PLC Grows Stake in Lam Research Corporation $LRCX

M&G PLC raised its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 254.1% during the second quarter, HoldingsChannel reports. The firm owned 1,835,912 shares of the semiconductor company’s stock after buying an additional 1,317,368 shares during the quarter. M&G PLC’s holdings in Lam Research were worth $178,083,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LRCX. BankPlus Wealth Management LLC raised its holdings in Lam Research by 2.0% during the 2nd quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company’s stock valued at $511,000 after buying an additional 105 shares during the period. ORG Partners LLC boosted its stake in Lam Research by 7.3% during the second quarter. ORG Partners LLC now owns 1,676 shares of the semiconductor company’s stock worth $162,000 after buying an additional 114 shares during the period. Quotient Wealth Partners LLC increased its position in Lam Research by 2.1% during the second quarter. Quotient Wealth Partners LLC now owns 5,437 shares of the semiconductor company’s stock valued at $529,000 after acquiring an additional 114 shares during the last quarter. Fairvoy Private Wealth LLC raised its stake in shares of Lam Research by 3.0% in the second quarter. Fairvoy Private Wealth LLC now owns 4,185 shares of the semiconductor company’s stock valued at $407,000 after acquiring an additional 120 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its holdings in shares of Lam Research by 16.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 869 shares of the semiconductor company’s stock worth $85,000 after acquiring an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. UBS Group set a $165.00 price target on shares of Lam Research and gave the company a “buy” rating in a report on Thursday, October 23rd. Wall Street Zen cut Lam Research from a “buy” rating to a “hold” rating in a research note on Saturday. KeyCorp raised their price target on Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Susquehanna boosted their target price on shares of Lam Research from $135.00 to $200.00 and gave the company a “positive” rating in a research note on Thursday, October 23rd. Finally, HSBC set a $127.00 price target on shares of Lam Research and gave the stock a “hold” rating in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.54.

Insiders Place Their Bets

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the company’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 in the company, valued at $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ava Harter sold 9,010 shares of Lam Research 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 transaction, the insider owned 56,786 shares in the company, valued at $8,942,091.42. This represents a 13.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,528 shares of company stock worth $8,880,448 over the last 90 days. Company insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

LRCX stock opened at $159.18 on Wednesday. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $167.15. The business has a 50-day moving average price of $137.51 and a 200 day moving average price of $108.19. The company has a market capitalization of $199.93 billion, a P/E ratio of 35.06, a PEG ratio of 1.68 and a beta of 1.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $5.23 billion. During the same quarter last year, the firm posted $0.86 EPS. The company’s revenue for the quarter 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 fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. 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.