GoalVest Advisory LLC Buys 25,179 Shares of Lam Research Corporation $LRCX

GoalVest Advisory LLC raised its stake in Lam Research Corporation (NASDAQ:LRCX) by 64,561.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,218 shares of the semiconductor company’s stock after purchasing an additional 25,179 shares during the quarter. Lam Research comprises approximately 0.4% of GoalVest Advisory LLC’s holdings, making the stock its 29th biggest holding. GoalVest Advisory LLC’s holdings in Lam Research were worth $8,284,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. World Equity Group Inc. grew its position in Lam Research by 0.5% during the second quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company’s stock valued at $2,416,000 after acquiring an additional 29 shares during the period. Tenzing Financial LLC lifted its stake in shares of Lam Research by 3.5% in the 2nd quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 34 shares in the last quarter. Advus Financial Partners LLC lifted its stake in shares of Lam Research by 1.0% in the 2nd quarter. Advus Financial Partners LLC now owns 3,578 shares of the semiconductor company’s stock valued at $1,550,000 after purchasing an additional 34 shares in the last quarter. Paragon Private Wealth Management LLC grew its holdings in shares of Lam Research by 1.3% during the 2nd quarter. Paragon Private Wealth Management LLC now owns 2,719 shares of the semiconductor company’s stock worth $1,178,000 after purchasing an additional 35 shares during the period. Finally, Gibraltar Capital Management Inc. grew its holdings in shares of Lam Research by 3.6% during the 2nd quarter. Gibraltar Capital Management Inc. now owns 1,050 shares of the semiconductor company’s stock worth $455,000 after purchasing an additional 36 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup restated a “buy” rating and issued a $450.00 price target (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. HSBC reissued a “hold” rating and issued a $333.00 target price on shares of Lam Research in a research note on Monday, July 27th. Barclays restated an “overweight” rating and set a $335.00 target price (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. Bank of America upped their price target on shares of Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $350.00 price target (down from $450.00) on shares of Lam Research in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $364.01.

Lam Research Stock Up 3.2%

NASDAQ:LRCX traded up $10.97 on Friday, reaching $351.07. The stock had a trading volume of 3,510,892 shares, compared to its average volume of 10,778,968. The company has a 50-day moving average of $305.26 and a 200 day moving average of $301.94. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The stock has a market cap of $439.33 billion, a P/E ratio of 60.88, a price-to-earnings-growth ratio of 1.30 and a beta of 1.85. Lam Research Corporation has a 12-month low of $131.02 and a 12-month high of $438.50.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, research analysts predict that Lam Research Corporation will post 9.32 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s dividend payout ratio is currently 22.92%.

Insider Activity

In related news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction on Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the completion of the sale, the insider owned 42,462 shares in the company, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the sale, the director directly owned 20,995 shares in the company, valued at $6,607,966.30. This represents a 31.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 32,839 shares of company stock worth $10,644,740. 0.31% of the stock is currently owned by insiders.

Lam Research Profile

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.