Stevens Capital Management LP Purchases New Stake in Lam Research Corporation $LRCX

Stevens Capital Management LP acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,081 shares of the semiconductor company’s stock, valued at approximately $689,000.

Other large investors also recently made changes to their positions in the company. IMG Wealth Management Inc. purchased a new stake in Lam Research during the 2nd quarter worth $26,000. REAP Financial Group LLC acquired a new position in shares of Lam Research during the second quarter worth about $31,000. 1 North Wealth Services LLC purchased a new stake in shares of Lam Research in the first quarter worth about $36,000. Saudi Central Bank acquired a new stake in shares of Lam Research in the first quarter valued at about $37,000. Finally, Bank of Jackson Hole Trust grew its stake in shares of Lam Research by 111.1% in the second quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of Lam Research stock opened at $142.65 on Friday. The firm has a market cap of $179.17 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 1.68 and a beta of 1.87. The firm’s 50-day simple moving average is $144.17 and its 200-day simple moving average is $111.89. 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.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the firm earned $0.86 earnings per share. The company’s revenue for the quarter 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 forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 3rd. Lam Research’s dividend payout ratio is currently 22.91%.

Insider Transactions at Lam Research

In other Lam Research news, insider Ava Harter sold 9,010 shares of Lam Research stock in a transaction on Monday, October 27th. The shares were sold at an average price of $157.47, for a total value of $1,418,804.70. Following the completion of the transaction, the insider owned 56,786 shares of the company’s stock, valued at $8,942,091.42. The trade was a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the sale, the director owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. The trade was a 44.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 102,608 shares of company stock valued at $14,916,496. Company insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

LRCX has been the topic of several recent research reports. BNP Paribas Exane boosted their price target on Lam Research from $80.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Raymond James Financial boosted their target price on shares of Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Erste Group Bank assumed coverage on shares of Lam Research in a report on Thursday, August 14th. They set a “buy” rating for the company. B. Riley boosted their price objective 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. Finally, Berenberg Bank raised their target price on Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.04.

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.