PNC Financial Services Group Inc. Boosts Stake in Lam Research Corporation $LRCX

PNC Financial Services Group Inc. lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 0.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,074,962 shares of the semiconductor company’s stock after buying an additional 20,228 shares during the period. PNC Financial Services Group Inc.’s holdings in Lam Research were worth $299,317,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. acquired a new stake in shares of Lam Research in the second quarter valued at about $26,000. REAP Financial Group LLC purchased a new position in Lam Research in the 2nd quarter valued at about $31,000. Bank of Jackson Hole Trust boosted its holdings in Lam Research by 111.1% in the 2nd quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock worth $37,000 after buying an additional 200 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Lam Research during the 2nd quarter worth approximately $38,000. Finally, Hilltop National Bank acquired a new position in shares of Lam Research during the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In other Lam Research news, insider Ava Harter sold 9,010 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider owned 56,786 shares in the company, valued at $8,942,091.42. The trade was a 13.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Vahid Vahedi sold 52,190 shares of the firm’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 owned 251,047 shares in the company, valued at $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 62,528 shares of company stock valued at $8,880,448. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of research analyst reports. Raymond James Financial lifted their price target on Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lam Research in a research note on Wednesday, November 5th. JPMorgan Chase & Co. upped their price objective on shares of Lam Research from $113.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. B. Riley raised their target price on shares of Lam Research from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Finally, Erste Group Bank initiated coverage on Lam Research in a research note on Thursday, August 14th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $148.54.

Lam Research Stock Down 4.3%

Shares of LRCX opened at $159.18 on Wednesday. The company’s 50-day simple moving average is $137.51 and its 200-day simple moving average is $108.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $167.15. The stock has a market capitalization of $199.93 billion, a PE ratio of 35.06, a P/E/G ratio of 1.68 and a beta of 1.87.

Lam Research (NASDAQ:LRCX) last announced 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 net margin of 29.66% and a return on equity of 60.60%. The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the business posted $0.86 earnings per share. The business’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. Analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, December 3rd. Lam Research’s dividend payout ratio (DPR) 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.