Lam Research Corporation $LRCX Stake Cut by Capco Asset Management LLC

Capco Asset Management LLC lessened its holdings in Lam Research Corporation (NASDAQ:LRCX) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,290 shares of the semiconductor company’s stock after selling 508 shares during the quarter. Lam Research makes up about 5.1% of Capco Asset Management LLC’s investment portfolio, making the stock its 11th largest holding. Capco Asset Management LLC’s holdings in Lam Research were worth $24,266,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. IMG Wealth Management Inc. acquired a new position in shares of Lam Research in the 2nd quarter valued at about $26,000. REAP Financial Group LLC bought a new position in Lam Research in the second quarter worth about $31,000. 1 North Wealth Services LLC bought a new position in Lam Research in the first quarter worth about $36,000. Saudi Central Bank acquired a new position in Lam Research in the first quarter valued at approximately $37,000. Finally, Bank of Jackson Hole Trust grew its holdings in shares of 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 purchasing an additional 200 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Trading Down 3.3%

Shares of NASDAQ:LRCX opened at $148.26 on Friday. The company has a 50 day moving average of $140.75 and a 200-day moving average of $109.40. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The firm has a market cap of $186.22 billion, a P/E ratio of 32.66, a P/E/G ratio of 1.68 and a beta of 1.87. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $167.15.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. The business had revenue of $5.32 billion for 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 for the quarter was up 27.7% on a year-over-year basis. During the same quarter last year, the business earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd will be issued a $0.26 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Lam Research’s dividend payout ratio is 22.91%.

Insider Activity

In related news, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the completion of the transaction, the insider owned 56,786 shares of the company’s stock, valued at $8,942,091.42. This trade represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction dated 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 transaction, the senior vice president directly owned 251,047 shares in the company, 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 a total of 62,528 shares of company stock worth $8,880,448 over the last 90 days. 0.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Needham & Company LLC raised their price target on Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. increased their target price on Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Evercore ISI boosted their price target on shares of Lam Research from $115.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $170.00 price objective on shares of Lam Research in a report on Thursday, October 23rd. Finally, Barclays set a $142.00 price objective on shares of Lam Research and gave the company an “equal weight” rating in a research report on Monday, October 20th. One investment 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.04.

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.