Prudent Man Advisors LLC Boosts Position in Lam Research Corporation $LRCX

Prudent Man Advisors LLC lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 20.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,752 shares of the semiconductor company’s stock after acquiring an additional 2,993 shares during the period. Prudent Man Advisors LLC’s holdings in Lam Research were worth $1,728,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IMG Wealth Management Inc. acquired a new stake in shares of Lam Research during the 2nd quarter worth about $26,000. REAP Financial Group LLC acquired a new stake in shares of Lam Research during the 2nd quarter worth about $31,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Lam Research during the 1st quarter worth about $26,000. Hilltop National Bank acquired a new stake in shares of Lam Research during the 2nd quarter worth about $38,000. Finally, Bruce G. Allen Investments LLC increased its position in shares of Lam Research by 207.3% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 284 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LRCX shares. New Street Research lifted their target price on Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday. Wall Street Zen raised Lam Research from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. TD Cowen lifted their target price on Lam Research from $145.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group lifted their target price on Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, KeyCorp lifted their target price on Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.57.

Lam Research Stock Up 2.8%

Shares of NASDAQ:LRCX opened at $151.68 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $153.70. The stock’s fifty day simple moving average is $123.23 and its 200-day simple moving average is $99.87. The company has a market capitalization of $191.27 billion, a P/E ratio of 33.41, a P/E/G ratio of 1.81 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the prior year, the business posted $0.86 earnings per share. The firm’s revenue for the quarter 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, equities research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.7%. This is a boost from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, September 24th. Lam Research’s dividend payout ratio (DPR) is currently 22.91%.

Insiders Place Their Bets

In related news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction dated 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 transaction, the senior vice president directly owned 251,047 shares in the company, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.31% of the company’s stock.

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.