Creekmur Asset Management LLC Has $1.13 Million Position in Lam Research Corporation $LRCX

Creekmur Asset Management LLC raised its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 41.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,617 shares of the semiconductor company’s stock after buying an additional 3,417 shares during the period. Creekmur Asset Management LLC’s holdings in Lam Research were worth $1,131,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LRCX. IMG Wealth Management Inc. acquired a new stake in shares of Lam Research during the 2nd quarter valued at $26,000. REAP Financial Group LLC acquired a new stake in shares of Lam Research during the 2nd quarter valued at $31,000. 1 North Wealth Services LLC acquired a new stake in shares of Lam Research during the 1st quarter valued at $36,000. Rossby Financial LCC acquired a new stake in shares of Lam Research during the 1st quarter valued at $37,000. Finally, Saudi Central Bank acquired a new stake in shares of Lam Research during the 1st quarter valued at $37,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LRCX. Citigroup raised their price target on shares of Lam Research from $120.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Berenberg Bank lifted their price objective on shares of Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Morgan Stanley lifted their price objective on shares of Lam Research from $125.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Summit Insights lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. Finally, B. Riley lifted their price objective on shares of Lam Research from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.54.

Lam Research Stock Up 0.2%

Lam Research stock opened at $161.01 on Friday. The firm has a market cap of $202.23 billion, a price-to-earnings ratio of 35.46, a P/E/G ratio of 1.68 and a beta of 1.84. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $165.22. The firm has a fifty day moving average price of $127.98 and a two-hundred day moving average price of $102.36.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The business’s revenue was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.6%. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

Insiders Place Their Bets

In other news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction 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 approximately $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ava Harter sold 9,010 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the transaction, the insider directly owned 56,786 shares of the company’s stock, valued at $8,942,091.42. This represents a 13.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.31% of the stock is owned by 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.