MAI Capital Management Purchases 6,537 Shares of Lam Research Corporation $LRCX

MAI Capital Management boosted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 9.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,968 shares of the semiconductor company’s stock after acquiring an additional 6,537 shares during the quarter. MAI Capital Management’s holdings in Lam Research were worth $10,038,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LRCX. Howard Hughes Medical Institute bought a new position in shares of Lam Research during the 2nd quarter valued at $27,000. Strategic Wealth Investment Group LLC bought a new stake in Lam Research in the second quarter worth $29,000. Delos Wealth Advisors LLC acquired a new position in Lam Research during the second quarter worth $30,000. Bank of Jackson Hole Trust increased its position 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 worth $37,000 after buying an additional 200 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Lam Research during the second quarter valued at about $38,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LRCX. UBS Group set a $300.00 price target on Lam Research in a research note on Thursday, January 29th. Wall Street Zen cut Lam Research from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Needham & Company LLC increased their price target on Lam Research from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Oppenheimer restated an “outperform” rating and issued a $265.00 price objective on shares of Lam Research in a research note on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lam Research in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $245.19.

Insider Buying and Selling at Lam Research

In other news, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the sale, the director owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.31% of the company’s stock.

Lam Research Price Performance

Shares of Lam Research stock opened at $249.48 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The company has a market cap of $311.54 billion, a PE ratio of 51.12, a price-to-earnings-growth ratio of 2.62 and a beta of 1.78. The firm has a fifty day moving average price of $214.18 and a two-hundred day moving average price of $163.37. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $256.68.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The business’s revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be given a $0.26 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

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.