Aviva PLC Has $94.15 Million Stake in Lam Research Corporation $LRCX

Aviva PLC reduced its stake in Lam Research Corporation (NASDAQ:LRCX) by 3.6% in the 2nd quarter, Holdings Channel reports. The firm owned 967,245 shares of the semiconductor company’s stock after selling 35,668 shares during the period. Aviva PLC’s holdings in Lam Research were worth $94,152,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. bought 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 Lam Research in the 2nd quarter valued at $31,000. 1 North Wealth Services LLC bought a new position in Lam Research in the 1st quarter worth $36,000. Saudi Central Bank acquired a new position in Lam Research during the 1st quarter worth $37,000. Finally, Bank of Jackson Hole Trust boosted its holdings in Lam Research by 111.1% during the second quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 200 shares during the period. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $159.35 on Friday. The firm has a market capitalization of $200.15 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 1.68 and a beta of 1.87. Lam Research Corporation has a one year low of $56.32 and a one year high of $166.92. The business has a fifty day simple moving average of $134.94 and a 200 day simple moving average of $106.31. 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 (NASDAQ:LRCX) last posted its quarterly 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 for 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 business’s revenue was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 earnings per share. 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 announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Lam Research’s payout ratio is presently 22.91%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LRCX. Needham & Company LLC raised their price target on Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. UBS Group set a $165.00 target price on Lam Research and gave the company a “buy” rating in a report on Thursday, October 23rd. TD Cowen upped their price target on Lam Research from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Argus raised their price objective on shares of Lam Research from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group boosted their target price on shares of Lam Research from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. One investment 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.54.

Insider Buying and Selling

In other news, insider Ava Harter sold 9,010 shares of the company’s 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 sale, the insider directly owned 56,786 shares in the company, valued at approximately $8,942,091.42. This represents a 13.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 62,498 shares of company stock valued at $8,875,663 over the last quarter. Corporate insiders own 0.31% of the company’s stock.

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.