Amalgamated Bank Has $27.09 Million Stock Position in Lam Research Corporation $LRCX

Amalgamated Bank boosted its stake in Lam Research Corporation (NASDAQ:LRCX) by 2.1% during the second quarter, Holdings Channel reports. The institutional investor owned 278,323 shares of the semiconductor company’s stock after buying an additional 5,710 shares during the period. Amalgamated Bank’s holdings in Lam Research were worth $27,092,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LRCX. Vanguard Group Inc. grew its position in shares of Lam Research by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock worth $9,389,358,000 after purchasing an additional 8,364,375 shares in the last quarter. Nuveen LLC bought a new position in Lam Research in the 1st quarter valued at approximately $604,344,000. Price T Rowe Associates Inc. MD lifted its stake in Lam Research by 99.7% in the 1st 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 last quarter. Nordea Investment Management AB lifted its stake in Lam Research by 34.1% in the 2nd quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock valued at $1,029,210,000 after purchasing an additional 2,692,189 shares during the last quarter. Finally, Boston Partners lifted its stake in Lam Research by 9,978.3% in the 1st quarter. Boston Partners now owns 2,350,362 shares of the semiconductor company’s stock valued at $170,787,000 after purchasing an additional 2,327,041 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity at Lam Research

In other Lam Research news, insider Ava Harter sold 9,010 shares of Lam Research 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 sale, the insider directly owned 56,786 shares in the company, valued at $8,942,091.42. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Vahid Vahedi sold 52,190 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The stock was 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 of the company’s stock, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.31% of the company’s stock.

Lam Research Price Performance

LRCX opened at $160.67 on Thursday. The firm has a 50-day moving average price of $126.73 and a 200-day moving average price of $101.95. The company has a market capitalization of $201.81 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 1.62 and a beta of 1.84. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $163.09. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. The company had revenue of $5.32 billion during 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%. Lam Research’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Equities analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, September 24th. This is a boost from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.6%. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

Analysts Set New Price Targets

LRCX has been the subject of several recent research reports. Argus upped their price target on shares of Lam Research from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Hsbc Global Res upgraded shares of Lam Research to a “hold” rating in a report on Tuesday, September 30th. Dbs Bank raised their price target on shares of Lam Research from $119.40 to $184.20 in a report on Monday. KeyCorp raised their price objective on shares of Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Finally, The Goldman Sachs Group raised their price target on shares of Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and a consensus target price of $148.54.

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.