Ballast Advisors LLC Purchases Shares of 2,121 Lam Research Corporation $LRCX

Ballast Advisors LLC purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,121 shares of the semiconductor company’s stock, valued at approximately $206,000.

Other institutional investors have also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC acquired a new position in shares of Lam Research in the first quarter valued at approximately $26,000. IMG Wealth Management Inc. acquired a new position in shares of Lam Research in the second quarter valued at approximately $26,000. REAP Financial Group LLC acquired a new position in shares of Lam Research in the second quarter valued at approximately $31,000. 1 North Wealth Services LLC acquired a new position in shares of Lam Research in the first quarter valued at approximately $36,000. Finally, Rossby Financial LCC acquired a new position in shares of Lam Research in the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on LRCX. Cowen restated a “buy” rating on shares of Lam Research in a report on Thursday. Needham & Company LLC lifted their price target on shares of Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday. Hsbc Global Res upgraded shares of Lam Research to a “hold” rating in a research note on Tuesday, September 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $170.00 price target on shares of Lam Research in a research note on Thursday. Finally, Evercore ISI lifted their price target on shares of Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.57.

Lam Research Stock Up 2.8%

Shares of NASDAQ:LRCX opened at $151.68 on Friday. The company has a market capitalization of $191.27 billion, a PE ratio of 33.41, a P/E/G ratio of 1.81 and a beta of 1.84. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $153.70. The firm has a 50 day simple moving average of $123.23 and a 200-day simple moving average of $99.87.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.04. The business 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 was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were given a $0.26 dividend. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, September 24th. This represents a $1.04 annualized dividend and a yield of 0.7%. Lam Research’s payout ratio is currently 22.91%.

Insider Buying and Selling

In related news, 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 sale, the senior vice president owned 251,047 shares in the company, valued at $34,870,428.30. This represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is currently owned by company insiders.

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.