Legal & General Group Plc Boosts Stock Holdings in Lam Research Corporation $LRCX

Legal & General Group Plc boosted its stake in Lam Research Corporation (NASDAQ:LRCX) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,879,674 shares of the semiconductor company’s stock after purchasing an additional 343,766 shares during the quarter. Legal & General Group Plc owned about 0.85% of Lam Research worth $1,059,027,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after buying an additional 12,936 shares in the last quarter. Mutual of America Capital Management LLC bought a new position in shares of Lam Research during the 1st quarter valued at approximately $13,345,000. J.W. Cole Advisors Inc. boosted its position in shares of Lam Research by 281.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 11,899 shares of the semiconductor company’s stock valued at $865,000 after acquiring an additional 8,782 shares during the last quarter. GW&K Investment Management LLC grew its holdings in shares of Lam Research by 10.1% in the first quarter. GW&K Investment Management LLC now owns 1,534 shares of the semiconductor company’s stock valued at $112,000 after purchasing an additional 141 shares in the last quarter. Finally, Choreo LLC increased its position in Lam Research by 17.9% in the first quarter. Choreo LLC now owns 42,006 shares of the semiconductor company’s stock worth $3,135,000 after purchasing an additional 6,376 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several research reports. Susquehanna increased their price objective on shares of Lam Research from $135.00 to $200.00 and gave the company a “positive” rating in a research report on Thursday, October 23rd. Erste Group Bank began coverage on shares of Lam Research in a research report on Thursday, August 14th. They set a “buy” rating on the stock. Morgan Stanley increased their price target on shares of Lam Research from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Rothschild & Co Redburn lifted their price target on Lam Research from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Lam Research in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and a consensus target price of $149.04.

Lam Research Trading Down 6.2%

Shares of NASDAQ LRCX opened at $139.59 on Friday. The business’s 50 day moving average price is $143.66 and its 200-day moving average price is $111.42. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week 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. The company has a market cap of $175.33 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 1.68 and a beta of 1.87.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share 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 for the quarter, compared to analyst estimates of $5.23 billion. During the same quarter last year, the firm posted $0.86 earnings per share. The business’s revenue 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. On average, sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd will be given a $0.26 dividend. 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 presently 22.91%.

Insider Buying and Selling at Lam Research

In related news, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the transaction, the director owned 1,652 shares of the company’s stock, valued at $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ava Harter sold 9,010 shares of the company’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 sale, the insider owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. This represents a 13.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 102,608 shares of company stock valued at $14,916,496. 0.31% of the stock is owned by corporate insiders.

Lam Research 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.