Bank of New York Mellon Corp Reduces Stake in Lam Research Corporation $LRCX

Bank of New York Mellon Corp trimmed its stake in Lam Research Corporation (NASDAQ:LRCX) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,606,659 shares of the semiconductor company’s stock after selling 508,158 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.83% of Lam Research worth $1,032,452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in shares of Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 12,936 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Lam Research by 18.5% during the 1st quarter. Golden State Wealth Management LLC now owns 2,249 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 351 shares during the period. Rossby Financial LCC bought a new stake in shares of Lam Research during the first quarter valued at about $37,000. Private Trust Co. NA increased its position in shares of Lam Research by 18.6% during the first quarter. Private Trust Co. NA now owns 6,441 shares of the semiconductor company’s stock valued at $468,000 after buying an additional 1,010 shares during the period. Finally, OneDigital Investment Advisors LLC increased its position in shares of Lam Research by 29.7% during the first quarter. OneDigital Investment Advisors LLC now owns 13,777 shares of the semiconductor company’s stock valued at $1,002,000 after buying an additional 3,153 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lam Research

In other news, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $157.47, for a total value of $1,418,804.70. Following the transaction, the insider owned 56,786 shares in the company, valued at approximately $8,942,091.42. This trade represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Vahid Vahedi sold 52,190 shares of the firm’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 transaction of $7,249,191.00. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. 0.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several analyst reports. KeyCorp upped their price target on Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Evercore ISI upped their price target on Lam Research from $115.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Mizuho upped their price target on Lam Research from $162.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Raymond James Financial upped their price target on Lam Research from $90.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Finally, Summit Insights cut Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.54.

Lam Research Stock Down 2.2%

Shares of NASDAQ LRCX opened at $157.46 on Monday. Lam Research Corporation has a one year low of $56.32 and a one year high of $165.22. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60. The firm’s 50 day simple moving average is $129.13 and its two-hundred day simple moving average is $103.49. The stock has a market capitalization of $197.77 billion, a P/E ratio of 34.68, a PEG ratio of 1.68 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the business earned $0.86 earnings per share. The business’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, analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were issued a $0.26 dividend. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 24th. Lam Research’s dividend payout ratio (DPR) is 22.91%.

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.