Lam Research Corporation $LRCX Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in Lam Research Corporation (NASDAQ:LRCX) by 12.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,495,415 shares of the semiconductor company’s stock after acquiring an additional 378,090 shares during the period. Envestnet Asset Management Inc. owned 0.27% of Lam Research worth $340,244,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LRCX. Smallwood Wealth Investment Management LLC acquired a new position in Lam Research in the first quarter valued at approximately $26,000. IMG Wealth Management Inc. acquired a new position in Lam Research in the second quarter valued at approximately $26,000. REAP Financial Group LLC acquired a new position in Lam Research during the second quarter worth $31,000. 1 North Wealth Services LLC acquired a new position in Lam Research during the first quarter worth $36,000. Finally, Rossby Financial LCC acquired a new position in Lam Research during the first quarter worth $37,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on LRCX. Deutsche Bank Aktiengesellschaft upped their price target on Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday. B. Riley upped their price target on Lam Research from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Argus upped their price target on Lam Research from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Cowen restated a “buy” rating on shares of Lam Research in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price target on Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $147.57.

Insiders Place Their Bets

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the firm’s stock in a transaction 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 sale, the senior vice president directly owned 251,047 shares in the company, valued at $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Stock Up 2.8%

Shares of NASDAQ LRCX opened at $151.68 on Monday. The stock has a market cap of $191.27 billion, a P/E ratio of 33.41, a PEG ratio of 1.66 and a beta of 1.84. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $153.70. The business’s fifty day simple moving average is $123.23 and its 200-day simple moving average is $100.07.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the firm earned $0.86 earnings per share. Lam Research’s quarterly 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. As a group, 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. Shareholders of record on Wednesday, September 24th were paid a $0.26 dividend. This is a boost from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, September 24th. Lam Research’s payout ratio is 22.91%.

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.