Steward Partners Investment Advisory LLC Acquires 23,826 Shares of Lam Research Corporation $LRCX

Steward Partners Investment Advisory LLC grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 35.2% in the second quarter, Holdings Channel reports. The firm owned 91,473 shares of the semiconductor company’s stock after acquiring an additional 23,826 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Lam Research were worth $8,904,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in LRCX. Vanguard Group Inc. boosted its position in Lam Research by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock valued at $9,389,358,000 after buying an additional 8,364,375 shares during the period. Nuveen LLC purchased a new position in shares of Lam Research during the first quarter worth approximately $604,344,000. JPMorgan Chase & Co. raised its stake in shares of Lam Research by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after acquiring an additional 5,102,589 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Lam Research by 99.7% in the first 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 purchasing an additional 2,864,863 shares during the period. Finally, Nordea Investment Management AB grew its stake in Lam Research by 34.1% in the second quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock worth $1,029,210,000 after purchasing an additional 2,692,189 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of Lam Research stock opened at $151.93 on Wednesday. The company has a market capitalization of $190.83 billion, a PE ratio of 33.46, a P/E/G ratio of 1.68 and a beta of 1.87. The company has a 50-day simple moving average of $145.43 and a two-hundred day simple moving average of $113.50. Lam Research Corporation has a one year low of $56.32 and a one year high of $167.15. 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 (NASDAQ:LRCX) last released its quarterly earnings results 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. The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The company’s revenue was up 27.7% compared to the same quarter last year. During the same period last year, the business earned $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Research analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Rothschild & Co Redburn raised their price objective on Lam Research from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Morgan Stanley lifted their price objective on Lam Research from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Citigroup upped their price objective on shares of Lam Research from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. JPMorgan Chase & Co. raised their target price on shares of Lam Research from $113.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Finally, Barclays set a $142.00 price target on shares of Lam Research and gave the company an “equal weight” rating in a report on Monday, October 20th. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $152.17.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 1,298 shares of the company’s 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 transaction, the director directly owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. This represents a 44.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $157.47, for a total value of $1,418,804.70. Following the completion of the sale, the insider directly owned 56,786 shares of the company’s stock, valued at $8,942,091.42. The trade was a 13.69% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 102,608 shares of company stock valued at $14,916,496. Company insiders own 0.31% of the company’s stock.

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.