Lam Research Corporation $LRCX Shares Acquired by Security National Bank of Sioux City Iowa IA

Security National Bank of Sioux City Iowa IA lifted its stake in Lam Research Corporation (NASDAQ:LRCX) by 24.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,734 shares of the semiconductor company’s stock after acquiring an additional 3,140 shares during the quarter. Lam Research accounts for 2.8% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 6th largest position. Security National Bank of Sioux City Iowa IA’s holdings in Lam Research were worth $6,818,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Wellington Altus USA Inc. lifted its stake in Lam Research by 39.3% in the second quarter. Wellington Altus USA Inc. now owns 1,686 shares of the semiconductor company’s stock worth $731,000 after acquiring an additional 476 shares during the last quarter. Smith Chas P & Associates PA Cpas purchased a new stake in shares of Lam Research in the 2nd quarter valued at approximately $280,000. Talon Private Wealth LLC purchased a new stake in shares of Lam Research in the 2nd quarter valued at approximately $1,081,000. Bouchey Financial Group Ltd. raised its holdings in shares of Lam Research by 14.6% in the 2nd quarter. Bouchey Financial Group Ltd. now owns 2,224 shares of the semiconductor company’s stock valued at $964,000 after purchasing an additional 284 shares in the last quarter. Finally, Core Capital Management & Research inc. acquired a new stake in shares of Lam Research in the 2nd quarter valued at $65,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insiders Place Their Bets

In other Lam Research news, Director Abhijit Talwalkar sold 18,282 shares of Lam Research stock in a transaction on Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the transaction, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the sale, the director directly owned 20,995 shares of the company’s stock, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 32,839 shares of company stock valued at $10,644,740. Insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

LRCX traded up $18.80 during trading on Friday, hitting $288.11. 19,607,062 shares of the stock were exchanged, compared to its average volume of 10,915,093. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a 1-year low of $125.00 and a 1-year high of $438.50. The stock has a fifty day moving average price of $307.78 and a two-hundred day moving average price of $295.00. The firm has a market capitalization of $360.52 billion, a P/E ratio of 50.02, a PEG ratio of 1.07 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period last year, the firm posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, sell-side analysts predict that Lam Research Corporation will post 9.33 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, September 23rd. This is an increase from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s payout ratio is 22.92%.

Analysts Set New Price Targets

Several research firms recently commented on LRCX. Berenberg Bank set a $420.00 target price on Lam Research in a report on Wednesday, September 9th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $350.00 price objective (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. Barclays reiterated an “overweight” rating and issued a $335.00 price objective (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. Weiss Ratings lowered Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Finally, Sanford C. Bernstein boosted their target price on Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $361.81.

Lam Research Profile

Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.

The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.

Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.