Lam Research Corporation $LRCX Shares Bought by MIG Capital LLC

MIG Capital LLC increased its stake in Lam Research Corporation (NASDAQ:LRCX) by 269.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,417 shares of the semiconductor company’s stock after acquiring an additional 22,921 shares during the period. MIG Capital LLC’s holdings in Lam Research were worth $3,058,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LRCX. Vanguard Group Inc. boosted its stake in Lam Research by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 130,609,265 shares of the semiconductor company’s stock valued at $12,713,506,000 after purchasing an additional 1,457,163 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Lam Research by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after buying an additional 5,102,589 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Lam Research by 3.5% in the second quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock valued at $3,280,484,000 after buying an additional 1,135,405 shares during the period. Invesco Ltd. boosted its stake in Lam Research by 2.8% during the first quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company’s stock valued at $1,259,947,000 after buying an additional 472,636 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Lam Research by 3.3% during the second quarter. Legal & General Group Plc now owns 10,879,674 shares of the semiconductor company’s stock valued at $1,059,027,000 after buying an additional 343,766 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the transaction, the chief financial officer owned 987,237 shares in the company, valued at $148,677,892.20. This represents a 3.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $7,249,191.00. Following the completion of the sale, the senior vice president directly owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 102,608 shares of company stock worth $14,916,496. Insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

Lam Research stock opened at $151.93 on Wednesday. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $167.15. The firm’s 50 day simple moving average is $145.43 and its 200-day simple moving average is $113.50. 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 company has a market cap of $190.83 billion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 1.68 and a beta of 1.87.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.04. The company 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 company’s revenue was up 27.7% on a year-over-year basis. During the same period 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, equities research analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

Analysts Set New Price Targets

LRCX has been the topic of several research reports. Barclays set a $142.00 price target on shares of Lam Research and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Rothschild & Co Redburn lifted their price objective on shares of Lam Research from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Cowen reiterated a “buy” rating on shares of Lam Research in a report on Thursday, October 23rd. Argus raised their target price on shares of Lam Research from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, HSBC set a $127.00 price target on shares of Lam Research and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Twenty-six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price of $152.17.

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.