FSM Wealth Advisors LLC Buys Shares of 3,711 Lam Research Corporation $LRCX

FSM Wealth Advisors LLC purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,711 shares of the semiconductor company’s stock, valued at approximately $364,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after buying an additional 12,936 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Lam Research by 21.5% during the 1st quarter. GAMMA Investing LLC now owns 29,408 shares of the semiconductor company’s stock valued at $2,138,000 after purchasing an additional 5,213 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Lam Research by 6.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 22,753 shares of the semiconductor company’s stock worth $1,654,000 after purchasing an additional 1,432 shares in the last quarter. International Assets Investment Management LLC bought a new position in Lam Research in the 1st quarter worth about $784,000. Finally, Moran Wealth Management LLC purchased a new position in Lam Research during the 1st quarter valued at about $490,000. 84.61% of the stock is currently owned by institutional investors.

Insider Transactions at Lam Research

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. TD Cowen boosted their price objective on shares of Lam Research from $145.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley boosted their price target on shares of Lam Research from $125.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday. Barclays set a $142.00 price target on shares of Lam Research and gave the stock an “equal weight” rating in a report on Monday. Weiss Ratings reissued a “buy (b-)” rating on shares of Lam Research in a research note on Wednesday, October 8th. Finally, Raymond James Financial upped their target price on Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.85.

Lam Research Stock Up 4.5%

Shares of NASDAQ:LRCX opened at $147.54 on Friday. The firm has a market capitalization of $186.05 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 1.71 and a beta of 1.84. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $153.70. The firm has a fifty day moving average of $122.19 and a 200 day moving average of $98.97.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 61.89% and a net margin of 29.66%.The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter last year, the business posted $0.86 earnings per share. The company’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, research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, September 24th. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s dividend payout ratio is presently 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.