Eventide Asset Management LLC Purchases 259,702 Shares of Lam Research Corporation $LRCX

Eventide Asset Management LLC grew its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 35.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 996,897 shares of the semiconductor company’s stock after purchasing an additional 259,702 shares during the period. Lam Research makes up 1.7% of Eventide Asset Management LLC’s portfolio, making the stock its 12th biggest holding. Eventide Asset Management LLC’s holdings in Lam Research were worth $97,281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IMG Wealth Management Inc. purchased a new position in Lam Research during the second quarter worth about $26,000. Howard Hughes Medical Institute bought a new stake in shares of Lam Research during the 2nd quarter valued at about $27,000. Strategic Wealth Investment Group LLC bought a new stake in shares of Lam Research during the 2nd quarter valued at about $29,000. REAP Financial Group LLC purchased a new position in shares of Lam Research during the second quarter worth about $31,000. Finally, 1 North Wealth Services LLC bought a new position in shares of Lam Research in the first quarter worth approximately $36,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on LRCX shares. B. Riley boosted their price target on shares of Lam Research from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. New Street Research lifted their price objective on shares of Lam Research from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Rothschild & Co Redburn increased their target price on Lam Research from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lam Research in a research note on Monday. Finally, Evercore ISI upped their price objective on Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Twenty-six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.87.

Insider Activity

In other Lam Research news, insider Ava Harter sold 9,010 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $157.47, for a total value of $1,418,804.70. Following the completion of the sale, the insider owned 56,786 shares in the company, valued at approximately $8,942,091.42. This trade represents a 13.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the transaction, the director directly owned 1,652 shares in the company, valued at $264,303.48. This trade represents a 44.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 102,608 shares of company stock valued at $14,916,496. Company insiders own 0.31% of the company’s stock.

Lam Research Price Performance

LRCX opened at $160.52 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60. The stock’s 50 day simple moving average is $152.53 and its 200 day simple moving average is $119.99. The firm has a market cap of $201.62 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 1.73 and a beta of 1.77. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $169.69.

Lam Research (NASDAQ:LRCX) last issued its 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. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter last year, the business earned $0.86 earnings per share. The business’s revenue 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, analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

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

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.