Cherokee Insurance Co Takes $438,000 Position in Lam Research Corporation $LRCX

Cherokee Insurance Co acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,500 shares of the semiconductor company’s stock, valued at approximately $438,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in shares of Lam Research in the 2nd quarter valued at approximately $26,000. REAP Financial Group LLC acquired a new position in Lam Research during the 2nd quarter worth approximately $31,000. Bank of Jackson Hole Trust lifted its stake in Lam Research by 111.1% in the 2nd quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 200 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Lam Research in the 2nd quarter valued at approximately $38,000. Finally, Hilltop National Bank acquired a new stake in Lam Research in the second quarter valued at approximately $38,000. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 9,010 shares of the company’s stock in a transaction on 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 sale, the insider owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. This represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the completion of 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 62,528 shares of company stock valued at $8,880,448. 0.31% of the stock is currently owned by insiders.

Lam Research Price Performance

Lam Research stock opened at $161.42 on Thursday. The stock’s 50 day moving average is $138.78 and its 200 day moving average is $108.56. Lam Research Corporation has a one year low of $56.32 and a one year high of $167.15. The firm has a market cap of $202.75 billion, a P/E ratio of 35.56, a P/E/G ratio of 1.68 and a beta of 1.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.04. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, research analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be issued a $0.26 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a yield of 0.6%. Lam Research’s payout ratio is presently 22.91%.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of research reports. Summit Insights cut Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lam Research in a research report on Wednesday, November 5th. Evercore ISI lifted their price target on Lam Research from $115.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. BNP Paribas Exane upped their price objective on Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, Raymond James Financial lifted their target price on shares of Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $149.04.

About Lam Research

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.