Global Retirement Partners LLC Purchases Shares of 18,472 Lam Research Corporation $LRCX

Global Retirement Partners LLC purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,472 shares of the semiconductor company’s stock, valued at approximately $1,798,000.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Lam Research by 1.1% during the second quarter. Vanguard Group Inc. now owns 130,609,265 shares of the semiconductor company’s stock worth $12,713,506,000 after acquiring an additional 1,457,163 shares during the period. JPMorgan Chase & Co. boosted its position in Lam Research by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after purchasing an additional 5,102,589 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Lam Research by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock worth $3,280,484,000 after purchasing an additional 1,135,405 shares during the period. Invesco Ltd. grew its stake in shares of Lam Research by 2.8% during the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company’s stock worth $1,259,947,000 after purchasing an additional 472,636 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Lam Research by 3.3% during the 2nd quarter. Legal & General Group Plc now owns 10,879,674 shares of the semiconductor company’s stock valued at $1,059,027,000 after purchasing an additional 343,766 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling

In other news, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction on Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the transaction, the chief financial officer owned 987,237 shares in the company, valued at $148,677,892.20. The trade was a 3.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ava Harter sold 9,010 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 56,786 shares of the company’s stock, valued at $8,942,091.42. This represents a 13.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 102,608 shares of company stock valued at $14,916,496 over the last 90 days. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of recent analyst reports. Hsbc Global Res raised shares of Lam Research to a “hold” rating in a report on Tuesday, September 30th. Summit Insights lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. TD Cowen raised 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. BNP Paribas Exane lifted their price target on Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, Evercore ISI increased their price target on Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Twenty-six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $152.17.

Lam Research Stock Performance

LRCX opened at $155.14 on Thursday. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $167.15. The firm has a market capitalization of $194.86 billion, a PE ratio of 34.17, 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. The firm’s 50-day moving average price is $146.09 and its 200 day moving average price is $113.79.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.04. The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, December 3rd. Lam Research’s dividend payout ratio is presently 22.91%.

Lam Research Company 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.