Lam Research Corporation $LRCX Position Boosted by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. increased its position in Lam Research Corporation (NASDAQ:LRCX) by 21.7% in the second quarter, Holdings Channel reports. The firm owned 172,525 shares of the semiconductor company’s stock after purchasing an additional 30,720 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Lam Research were worth $16,792,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LRCX. Sittner & Nelson LLC grew its position in shares of Lam Research by 5.7% in the 2nd quarter. Sittner & Nelson LLC now owns 3,595 shares of the semiconductor company’s stock worth $350,000 after acquiring an additional 195 shares in the last quarter. Fiera Capital Corp acquired a new stake in shares of Lam Research during the 2nd quarter valued at approximately $9,214,000. ABN Amro Investment Solutions bought a new position in Lam Research during the second quarter worth $4,320,000. Smithfield Trust Co boosted its holdings in Lam Research by 2.9% in the second quarter. Smithfield Trust Co now owns 16,126 shares of the semiconductor company’s stock worth $1,568,000 after purchasing an additional 462 shares during the period. Finally, Cherokee Insurance Co acquired a new position in Lam Research in the second quarter worth $438,000. 84.61% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction dated 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 in the company, valued at $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ava Harter sold 9,010 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 62,528 shares of company stock worth $8,880,448. 0.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

LRCX has been the topic of a number of research reports. Hsbc Global Res raised shares of Lam Research to a “hold” rating in a report on Tuesday, September 30th. Dbs Bank boosted their price objective on shares of Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. HSBC set a $127.00 price objective on shares of Lam Research and gave the stock a “hold” rating in a research note on Tuesday, September 30th. Zacks Research upgraded Lam Research from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Finally, Rothschild & Co Redburn upped their target price on Lam Research from $140.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. One 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $149.04.

Lam Research Trading Down 3.3%

Lam Research stock opened at $148.26 on Friday. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $167.15. 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 firm has a market capitalization of $186.22 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 1.68 and a beta of 1.87. The firm has a 50-day moving average price of $140.75 and a two-hundred day moving average price of $109.40.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. Lam Research’s revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be paid 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%.

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.