Rockefeller Capital Management L.P. Purchases 32,107 Shares of Lam Research Corporation $LRCX

Rockefeller Capital Management L.P. increased its position in Lam Research Corporation (NASDAQ:LRCX) by 12.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 280,872 shares of the semiconductor company’s stock after acquiring an additional 32,107 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Lam Research were worth $27,340,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LRCX. Vanguard Group Inc. raised its position in shares of Lam Research by 6.9% in the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock valued at $9,389,358,000 after purchasing an additional 8,364,375 shares during the period. Geode Capital Management LLC grew its stake in Lam Research by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock valued at $3,280,484,000 after buying an additional 1,135,405 shares in the last quarter. Invesco Ltd. grew its stake in Lam Research by 2.8% in the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company’s stock valued at $1,259,947,000 after buying an additional 472,636 shares in the last quarter. Nordea Investment Management AB raised its holdings in Lam Research by 34.1% during 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 acquiring an additional 2,692,189 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Lam Research by 25.8% during the first quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company’s stock worth $693,319,000 after acquiring an additional 1,953,221 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of Lam Research from $115.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Summit Insights lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, July 31st. Dbs Bank increased their price objective on Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. Oppenheimer set a $200.00 price objective on Lam Research and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Finally, Wells Fargo & Company upped their target price on Lam Research from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $149.04.

Lam Research Trading Down 0.5%

Shares of LRCX stock opened at $147.46 on Tuesday. The business has a 50-day moving average price of $141.60 and a two-hundred day moving average price of $110.47. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $167.15. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The firm has a market cap of $185.21 billion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 1.68 and a beta of 1.87.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS 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 business’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period last year, the business earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Equities analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

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

Insider Activity

In other Lam Research news, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the transaction, the director owned 1,652 shares in the company, valued at approximately $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the sale, the chief financial officer owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 102,608 shares of company stock valued at $14,916,496 in the last three months. Corporate 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.