Brighton Jones LLC Buys 2,119 Shares of Lam Research Corporation $LRCX

Brighton Jones LLC boosted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 14.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,930 shares of the semiconductor company’s stock after acquiring an additional 2,119 shares during the quarter. Brighton Jones LLC’s holdings in Lam Research were worth $1,648,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LRCX. Smallwood Wealth Investment Management LLC bought a new stake in Lam Research during the first quarter worth approximately $26,000. IMG Wealth Management Inc. purchased a new position in shares of Lam Research during the second quarter valued at approximately $26,000. REAP Financial Group LLC purchased a new position in shares of Lam Research during the second quarter valued at approximately $31,000. 1 North Wealth Services LLC purchased a new position in shares of Lam Research during the first quarter valued at approximately $36,000. Finally, Rossby Financial LCC purchased a new position in shares of Lam Research during the first quarter valued at approximately $37,000. 84.61% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction on 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 completion of the sale, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Stock Up 2.8%

Lam Research stock opened at $151.68 on Monday. The business has a fifty day moving average of $123.23 and a two-hundred day moving average of $100.07. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The firm has a market cap of $191.27 billion, a P/E ratio of 33.41, a P/E/G ratio of 1.66 and a beta of 1.84. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $153.70.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.Lam Research’s revenue was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

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

Analysts Set New Price Targets

LRCX has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Lam Research in a research report on Wednesday, October 8th. New Street Research boosted their price target on Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday. Cowen reiterated a “buy” rating on shares of Lam Research in a report on Thursday. Susquehanna boosted their price target on Lam Research from $135.00 to $200.00 and gave the company a “positive” rating in a report on Thursday. Finally, Needham & Company LLC boosted their price target on Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $147.57.

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.