Country Trust Bank Makes New Investment in Lam Research Corporation $LRCX

Country Trust Bank purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 400 shares of the semiconductor company’s stock, valued at approximately $39,000.

Other institutional investors and hedge funds have also modified their holdings of the company. IMG Wealth Management Inc. bought a new position in Lam Research during the second quarter valued at about $26,000. REAP Financial Group LLC bought a new stake in shares of Lam Research during the 2nd quarter worth about $31,000. Bank of Jackson Hole Trust increased its holdings in shares of Lam Research by 111.1% during the 2nd 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. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Lam Research in the 2nd quarter valued at approximately $38,000. Finally, Hilltop National Bank acquired a new stake in Lam Research in the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

NASDAQ LRCX opened at $155.14 on Thursday. The company’s fifty day moving average is $146.09 and its two-hundred day moving average is $113.79. Lam Research Corporation has a 52-week low of $56.32 and a 52-week 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 firm has a market capitalization of $194.86 billion, a price-to-earnings ratio of 34.17, a P/E/G ratio of 1.68 and a beta of 1.87.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The firm’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. 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 $0.26 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Lam Research’s dividend payout ratio (DPR) is currently 22.91%.

Insider Transactions at Lam Research

In other news, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the sale, the chief financial officer directly owned 987,237 shares in the company, valued at approximately $148,677,892.20. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the completion of the transaction, the senior vice president owned 251,047 shares of the company’s stock, valued at $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 102,608 shares of company stock worth $14,916,496 over the last quarter. 0.31% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on LRCX shares. Rothschild & Co Redburn increased their price target on Lam Research from $140.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Hsbc Global Res upgraded shares of Lam Research to a “hold” rating in a research note on Tuesday, September 30th. Dbs Bank boosted their target price on shares of Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. TD Cowen upped their price target on shares of Lam Research from $145.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Mizuho lifted their price objective on Lam Research from $162.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Twenty-six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and an average target price of $152.17.

About Lam Research

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.