Evelyn Partners Investment Management Services Ltd Has $3.63 Million Stake in Lam Research Corporation $LRCX

Evelyn Partners Investment Management Services Ltd increased its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 235,425.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 37,684 shares of the semiconductor company’s stock after buying an additional 37,668 shares during the quarter. Evelyn Partners Investment Management Services Ltd’s holdings in Lam Research were worth $3,629,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in shares of Lam Research in the 2nd quarter valued at approximately $26,000. REAP Financial Group LLC acquired a new stake in shares of Lam Research in the 2nd quarter valued at $31,000. 1 North Wealth Services LLC bought a new position in shares of Lam Research in the 1st quarter valued at $36,000. Saudi Central Bank bought a new stake in shares of Lam Research during the 1st quarter worth $37,000. Finally, Bank of Jackson Hole Trust boosted 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 buying an additional 200 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the transaction, the director directly owned 1,652 shares of the company’s stock, valued at $264,303.48. The trade was a 44.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ava Harter sold 9,010 shares of Lam Research stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $157.47, for a total value of $1,418,804.70. Following the completion of the sale, the insider owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. The trade was a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 102,608 shares of company stock valued at $14,916,496. Insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

NASDAQ LRCX opened at $142.65 on Friday. The stock has a fifty day simple moving average of $144.17 and a 200 day simple moving average of $111.89. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $167.15. The company has a market capitalization of $179.17 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 1.68 and a beta of 1.87. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last announced its 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. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the prior year, the business posted $0.86 earnings per share. The firm’s revenue was up 27.7% on a year-over-year basis. 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 EPS for the current year.

Lam Research Announces Dividend

The firm also recently declared 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. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, December 3rd. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

Analysts Set New Price Targets

A number of research firms have recently commented on LRCX. Evercore ISI increased their target price on shares of Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Lam Research in a research report on Monday. Wells Fargo & Company raised their target price on shares of Lam Research from $135.00 to $145.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Rothschild & Co Redburn upped their price target on shares of Lam Research from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Finally, Wall Street Zen downgraded Lam Research from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.