Lam Research Corporation $LRCX Holdings Lowered by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. trimmed its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 19.8% during the second quarter, Holdings Channel reports. The institutional investor owned 476,943 shares of the semiconductor company’s stock after selling 117,775 shares during the period. Lam Research makes up about 0.7% of Pinnacle Associates Ltd.’s holdings, making the stock its 29th largest position. Pinnacle Associates Ltd.’s holdings in Lam Research were worth $46,426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BankPlus Wealth Management LLC raised its position in shares of Lam Research by 2.0% during the 2nd quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company’s stock worth $511,000 after buying an additional 105 shares in the last quarter. ORG Partners LLC raised its holdings in shares of Lam Research by 7.3% in the 2nd quarter. ORG Partners LLC now owns 1,676 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 114 shares in the last quarter. Quotient Wealth Partners LLC raised its holdings in shares of Lam Research by 2.1% in the 2nd quarter. Quotient Wealth Partners LLC now owns 5,437 shares of the semiconductor company’s stock worth $529,000 after purchasing an additional 114 shares in the last quarter. Fairvoy Private Wealth LLC raised its holdings in shares of Lam Research by 3.0% in the 2nd quarter. Fairvoy Private Wealth LLC now owns 4,185 shares of the semiconductor company’s stock worth $407,000 after purchasing an additional 120 shares in the last quarter. Finally, Rosenberg Matthew Hamilton raised its holdings in shares of Lam Research by 16.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 869 shares of the semiconductor company’s stock worth $85,000 after purchasing an additional 120 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 value of $7,249,191.00. Following the completion of the sale, the senior vice president owned 251,047 shares in the company, valued at $34,870,428.30. This represents a 17.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $1,418,804.70. Following the completion of the sale, the insider owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. The trade was a 13.69% decrease in their position. The SEC filing for this sale provides additional information. 0.31% of the stock is owned by corporate insiders.

Lam Research Trading Up 0.2%

NASDAQ LRCX opened at $161.01 on Friday. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $165.22. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The stock has a market cap of $202.23 billion, a price-to-earnings ratio of 35.46, a PEG ratio of 1.68 and a beta of 1.84. The firm’s 50 day moving average price is $127.98 and its two-hundred day moving average price is $102.36.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data 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. 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 period in the previous year, the company posted $0.86 EPS. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Equities analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were paid a $0.26 dividend. The ex-dividend date was Wednesday, September 24th. This represents a $1.04 annualized dividend and a yield of 0.6%. This is a boost from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s dividend payout ratio (DPR) is currently 22.91%.

Analyst Ratings Changes

LRCX has been the topic of a number of research reports. Dbs Bank boosted their target price on shares of Lam Research from $119.40 to $184.20 in a report on Monday. TD Cowen boosted their target price on shares of Lam Research from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. KeyCorp boosted their target price on shares of Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Mizuho boosted their target price on shares of Lam Research from $162.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Finally, B. Riley boosted their target price on shares of Lam Research from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.54.

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.