Freestone Capital Holdings LLC Has $753,000 Stock Position in Lam Research Corporation $LRCX

Freestone Capital Holdings LLC grew its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 180.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 7,737 shares of the semiconductor company’s stock after purchasing an additional 4,976 shares during the period. Freestone Capital Holdings LLC’s holdings in Lam Research were worth $753,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. IMG Wealth Management Inc. acquired a new stake in Lam Research in the second quarter valued at $26,000. REAP Financial Group LLC bought a new stake in shares of Lam Research in the 2nd quarter valued at about $31,000. Bank of Jackson Hole Trust increased 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 during the period. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Lam Research during the second quarter worth about $38,000. Finally, Hilltop National Bank acquired a new position in shares of Lam Research in the second quarter worth approximately $38,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Dbs Bank increased their target price on shares of Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. Morgan Stanley upped their price objective on shares of Lam Research from $125.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Wells Fargo & Company increased their price objective on shares of Lam Research from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Wall Street Zen upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Finally, HSBC set a $127.00 price target on shares of Lam Research and gave the company a “hold” rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.54.

Insider Activity at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total value 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. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ava Harter sold 9,010 shares of the business’s stock in a transaction 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 sale, the insider owned 56,786 shares of the company’s stock, valued at $8,942,091.42. This trade represents a 13.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.31% of the company’s stock.

Lam Research Trading Up 2.4%

NASDAQ:LRCX opened at $161.24 on Tuesday. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $165.22. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $202.52 billion, a price-to-earnings ratio of 35.52, a PEG ratio of 1.68 and a beta of 1.84. The firm has a fifty day simple moving average of $130.33 and a two-hundred day simple moving average of $104.18.

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

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.6%. This is a boost from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, September 24th. Lam Research’s payout ratio is 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.