Private Trust Co. NA Boosts Position in Lam Research Corporation $LRCX

Private Trust Co. NA raised its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 26.0% in the second quarter, Holdings Channel reports. The institutional investor owned 8,118 shares of the semiconductor company’s stock after buying an additional 1,677 shares during the quarter. Private Trust Co. NA’s holdings in Lam Research were worth $790,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of LRCX. Smallwood Wealth Investment Management LLC purchased a new position in shares of Lam Research during the first quarter worth about $26,000. REAP Financial Group LLC purchased a new position in shares of Lam Research during the second quarter worth about $31,000. 1 North Wealth Services LLC purchased a new position in shares of Lam Research during the first quarter worth about $36,000. Rossby Financial LCC purchased a new position in shares of Lam Research during the first quarter worth about $37,000. Finally, Saudi Central Bank purchased a new position in shares of Lam Research during the first quarter worth about $37,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX stock opened at $141.51 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $153.70. The stock has a 50 day moving average price of $119.06 and a two-hundred day moving average price of $96.94. The company has a market capitalization of $178.45 billion, a P/E ratio of 34.02, a PEG ratio of 1.72 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The business’s revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were given a $0.26 dividend. The ex-dividend date was Wednesday, September 24th. This is an increase from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.7%. Lam Research’s dividend payout ratio is presently 25.00%.

Insiders Place Their Bets

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the completion of the sale, the senior vice president owned 251,047 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on LRCX. Oppenheimer boosted their price objective on Lam Research from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. KeyCorp boosted their target price on Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Summit Insights downgraded Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, July 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Lam Research in a research report on Wednesday, October 8th. Finally, TD Cowen boosted their target price on Lam Research from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.08.

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.