Valley National Advisers Inc. Purchases 16,747 Shares of Lam Research Corporation $LRCX

Valley National Advisers Inc. grew its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 38.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,019 shares of the semiconductor company’s stock after buying an additional 16,747 shares during the quarter. Lam Research accounts for approximately 1.2% of Valley National Advisers Inc.’s investment portfolio, making the stock its 14th biggest holding. Valley National Advisers Inc.’s holdings in Lam Research were worth $8,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LRCX. Sava Infond d.o.o. grew its holdings in shares of Lam Research by 3.1% during the second quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock worth $7,325,000 after purchasing an additional 2,250 shares in the last quarter. Horizon Bancorp Inc. IN bought a new stake in Lam Research during the second quarter valued at approximately $389,000. Empowered Funds LLC grew its stake in Lam Research by 10.5% in the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after buying an additional 17,833 shares in the last quarter. Genus Capital Management Inc. purchased a new position in Lam Research in the 2nd quarter worth approximately $14,476,000. Finally, Glass Wealth Management Co LLC increased its holdings in shares of Lam Research by 8.5% in the 2nd quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock worth $2,810,000 after buying an additional 2,270 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

LRCX has been the subject of several research reports. Wells Fargo & Company upped their target price on shares of Lam Research from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Susquehanna lifted their price target on Lam Research from $135.00 to $200.00 and gave the stock a “positive” rating in a research note on Thursday, October 23rd. Barclays set a $142.00 price objective on Lam Research and gave the company an “equal weight” rating in a research report on Monday, October 20th. HSBC set a $127.00 target price on Lam Research and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Finally, BNP Paribas Exane upped their target price on Lam Research from $80.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Twenty-six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.21.

Insider Activity

In other news, insider Ava Harter sold 9,010 shares of the 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the sale, the director directly owned 1,652 shares in the company, valued at $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 102,608 shares of company stock valued at $14,916,496. 0.31% of the stock is currently owned by insiders.

Lam Research Price Performance

LRCX opened at $178.07 on Friday. 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 stock’s 50 day simple moving average is $158.39 and its 200 day simple moving average is $126.21. The firm has a market cap of $223.66 billion, a price-to-earnings ratio of 39.22, a PEG ratio of 2.06 and a beta of 1.77. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $179.80.

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

Lam Research Dividend Announcement

The company 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 $0.26 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.6%. Lam Research’s payout ratio is presently 22.91%.

Lam Research Company Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.