Lam Research Corporation $LRCX Shares Purchased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC increased its holdings in Lam Research Corporation (NASDAQ:LRCX) by 7.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 88,090 shares of the semiconductor company’s stock after acquiring an additional 5,745 shares during the period. Lam Research makes up about 1.0% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 27th largest holding. Turtle Creek Wealth Advisors LLC’s holdings in Lam Research were worth $8,575,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in LRCX. Vanguard Group Inc. grew its position in Lam Research by 6.9% in the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock worth $9,389,358,000 after acquiring an additional 8,364,375 shares during the period. Nuveen LLC purchased a new stake in shares of Lam Research in the 1st quarter valued at approximately $604,344,000. Price T Rowe Associates Inc. MD raised its stake in shares of Lam Research by 99.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company’s stock valued at $417,242,000 after acquiring an additional 2,864,863 shares during the period. Boston Partners raised its stake in shares of Lam Research by 9,978.3% in the 1st quarter. Boston Partners now owns 2,350,362 shares of the semiconductor company’s stock valued at $170,787,000 after acquiring an additional 2,327,041 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Lam Research by 25.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company’s stock valued at $693,319,000 after acquiring an additional 1,953,221 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 value of $7,249,191.00. Following the sale, the senior vice president directly owned 251,047 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 0.31% of the company’s stock.

Lam Research Stock Up 4.7%

Shares of NASDAQ LRCX opened at $144.78 on Thursday. The stock has a market cap of $182.57 billion, a P/E ratio of 34.80, a PEG ratio of 1.68 and a beta of 1.84. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $153.70. The business’s fifty day simple moving average is $117.40 and its 200-day simple moving average is $95.82.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. The business had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period last year, the firm earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were paid a $0.26 dividend. The ex-dividend date was Wednesday, September 24th. This is an increase from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Lam Research’s payout ratio is 25.00%.

Analysts Set New Price Targets

LRCX has been the topic of a number of research analyst reports. Summit Insights downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. The Goldman Sachs Group raised their price target on Lam Research from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Morgan Stanley set a $125.00 price target on Lam Research and gave the stock an “equal weight” rating in a research report on Monday, September 22nd. HSBC set a $127.00 price target on Lam Research and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Finally, Oppenheimer raised their price target on Lam Research from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Twenty-three research analysts have rated the stock with 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 a consensus target price of $123.80.

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.