Grandfield & Dodd LLC Buys New Shares in Lam Research Corporation $LRCX

Grandfield & Dodd LLC acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,650 shares of the semiconductor company’s stock, valued at approximately $258,000.

Other large investors have also added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new position in shares of Lam Research in the second quarter valued at about $26,000. REAP Financial Group LLC acquired a new stake in Lam Research during the second quarter worth approximately $31,000. 1 North Wealth Services LLC bought a new position in shares of Lam Research in the first quarter worth $36,000. Saudi Central Bank acquired a new position in shares of Lam Research in the 1st quarter valued at approximately $37,000. Finally, Bank of Jackson Hole Trust increased its stake in Lam Research by 111.1% in the second quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

In related news, Director Bethany Mayer sold 1,298 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the sale, the director directly owned 1,652 shares in the company, valued at $264,303.48. This represents a 44.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred on 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 sale, the senior vice president directly owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This represents a 17.21% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 62,528 shares of company stock worth $8,880,448. Insiders own 0.31% of the company’s stock.

Lam Research Stock Down 3.3%

NASDAQ:LRCX opened at $148.26 on Friday. Lam Research Corporation has a one year low of $56.32 and a one year high of $167.15. 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 company has a market cap of $186.22 billion, a PE ratio of 32.66, a P/E/G ratio of 1.68 and a beta of 1.87. The firm’s 50 day simple moving average is $140.75 and its 200 day simple moving average is $109.40.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.04. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. 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 anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LRCX. B. Riley lifted their price target on Lam Research from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Mizuho raised their price objective on Lam Research from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Susquehanna boosted their target price on Lam Research from $135.00 to $200.00 and gave the stock a “positive” rating in a research note on Thursday, October 23rd. Barclays set a $142.00 price target on shares of Lam Research and gave the company an “equal weight” rating in a research note on Monday, October 20th. Finally, Rothschild & Co Redburn increased their price objective on shares of Lam Research from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.04.

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.