Montecito Bank & Trust Purchases New Stake in Lam Research Corporation $LRCX

Montecito Bank & Trust acquired a new position in Lam Research Corporation (NASDAQ:LRCX) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 10,852 shares of the semiconductor company’s stock, valued at approximately $1,453,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 12,936 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Lam Research in the 1st quarter worth approximately $245,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Lam Research by 7.2% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 67,647 shares of the semiconductor company’s stock valued at $4,918,000 after buying an additional 4,569 shares during the period. Algert Global LLC boosted its stake in shares of Lam Research by 149.6% during the 1st quarter. Algert Global LLC now owns 8,210 shares of the semiconductor company’s stock valued at $597,000 after buying an additional 4,921 shares during the period. Finally, Aptus Capital Advisors LLC grew its holdings in shares of Lam Research by 29.4% during the 1st quarter. Aptus Capital Advisors LLC now owns 49,639 shares of the semiconductor company’s stock valued at $3,609,000 after acquiring an additional 11,269 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president directly owned 251,047 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the transaction, the director owned 1,652 shares in the company, valued at $264,303.48. This trade represents a 44.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 102,608 shares of company stock valued at $14,916,496 in the last quarter. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $154.98 on Thursday. The stock has a market capitalization of $194.66 billion, a P/E ratio of 34.14, a P/E/G ratio of 1.68 and a beta of 1.77. The business has a 50-day moving average of $153.54 and a two-hundred day moving average of $121.88. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $169.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data 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 60.60% 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 period last year, the business earned $0.86 EPS. The firm’s 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. On average, equities research analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal 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 $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, December 3rd. Lam Research’s payout ratio is presently 22.91%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group reiterated a “buy” rating and set a $175.00 price objective (up from $165.00) on shares of Lam Research in a report on Tuesday, November 25th. Dbs Bank upped their target price on Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. B. Riley raised their price target on Lam Research from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Cowen reiterated a “buy” rating on shares of Lam Research in a report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Twenty-six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and an average target price of $158.54.

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.