Trustmark Bank Trust Department Trims Position in Lam Research Corporation $LRCX

Trustmark Bank Trust Department decreased its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,356 shares of the semiconductor company’s stock after selling 410 shares during the quarter. Trustmark Bank Trust Department’s holdings in Lam Research were worth $1,884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new position in Lam Research in the 2nd quarter valued at about $26,000. REAP Financial Group LLC purchased a new stake in shares of Lam Research during the 2nd quarter valued at approximately $31,000. 1 North Wealth Services LLC purchased a new stake in shares of Lam Research during the 1st quarter valued at approximately $36,000. Saudi Central Bank acquired a new position in Lam Research in the first quarter valued at approximately $37,000. Finally, Bank of Jackson Hole Trust increased its stake 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 acquiring an additional 200 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Ava Harter sold 9,010 shares of the business’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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction on Monday, October 13th. The shares were 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 in the company, valued at $34,870,428.30. This trade represents a 17.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 102,608 shares of company stock worth $14,916,496 over the last three months. Insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LRCX. Rothschild & Co Redburn raised their price objective on Lam Research from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. B. Riley increased their price objective on shares of Lam Research from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. TD Cowen boosted 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, October 23rd. Sanford C. Bernstein raised their price target on Lam Research from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Finally, New Street Research lifted their price objective on Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Twenty-six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.17.

Lam Research Stock Down 0.1%

Shares of NASDAQ LRCX opened at $154.95 on Friday. The stock has a market cap of $194.62 billion, a P/E ratio of 34.13, a PEG ratio of 1.68 and a beta of 1.87. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $167.15. The business’s fifty day simple moving average is $147.23 and its 200-day simple moving average is $114.78.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS 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 during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the previous year, the firm posted $0.86 EPS. Lam Research’s revenue for the quarter was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, equities analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

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 of this dividend is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a yield of 0.7%. Lam Research’s dividend payout ratio (DPR) is 22.91%.

Lam Research 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.