SkyOak Wealth LLC Makes New Investment in Lam Research Corporation $LRCX

SkyOak Wealth LLC bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 6,450 shares of the semiconductor company’s stock, valued at approximately $864,000.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Lam Research during the second quarter worth $1,894,585,000. JPMorgan Chase & Co. boosted its position in Lam Research by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after acquiring an additional 5,102,589 shares during the last quarter. Nordea Investment Management AB grew its holdings in Lam Research by 34.1% during the 2nd quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock worth $1,029,210,000 after acquiring an additional 2,692,189 shares during the period. Artisan Partners Limited Partnership raised its position in shares of Lam Research by 35.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 9,849,868 shares of the semiconductor company’s stock worth $958,786,000 after acquiring an additional 2,575,456 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Lam Research by 103.5% in the 2nd quarter. Sei Investments Co. now owns 3,049,460 shares of the semiconductor company’s stock worth $296,833,000 after acquiring an additional 1,550,842 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LRCX has been the subject of a number of research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $210.00 target price on shares of Lam Research in a report on Tuesday, December 16th. Mizuho boosted their target price on shares of Lam Research from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Morgan Stanley increased their target price on shares of Lam Research from $137.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 2nd. Sanford C. Bernstein raised their price target on shares of Lam Research from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Finally, Wells Fargo & Company upped their price objective on shares of Lam Research from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Twenty-six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.21.

Lam Research Trading Up 6.3%

Shares of LRCX opened at $206.96 on Wednesday. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $210.45. The business has a 50-day moving average of $163.12 and a 200 day moving average of $130.94. The firm has a market cap of $259.95 billion, a P/E ratio of 45.59, a price-to-earnings-growth ratio of 2.25 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX) last posted its earnings results 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. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The business also recently declared 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 of this dividend is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. Lam Research’s dividend payout ratio is presently 22.91%.

Insider Activity at Lam Research

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president directly owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ava Harter sold 9,010 shares of Lam Research stock in a transaction on 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 in the company, valued at approximately $8,942,091.42. The trade was a 13.69% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 102,608 shares of company stock worth $14,916,496. Corporate insiders own 0.31% of the company’s stock.

Lam Research 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.