Shoker Investment Counsel Inc. Purchases New Shares in Lam Research Corporation $LRCX

Shoker Investment Counsel Inc. purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 33,093 shares of the semiconductor company’s stock, valued at approximately $3,221,000. Lam Research accounts for approximately 1.0% of Shoker Investment Counsel Inc.’s holdings, making the stock its 27th biggest position.

A number of other institutional investors have also added to or reduced their stakes in LRCX. IMG Wealth Management Inc. bought a new position in shares of Lam Research in the 2nd quarter worth about $26,000. REAP Financial Group LLC bought a new position in shares of Lam Research during the second quarter valued at $31,000. 1 North Wealth Services LLC bought a new position in Lam Research during the 1st quarter valued at about $36,000. Saudi Central Bank purchased a new stake in Lam Research in the first quarter worth approximately $37,000. Finally, Bank of Jackson Hole Trust boosted its stake in shares of Lam Research by 111.1% in the 2nd quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock worth $37,000 after buying an additional 200 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Hsbc Global Res raised shares of Lam Research to a “hold” rating in a research report on Tuesday, September 30th. BNP Paribas Exane lifted their price objective on shares of Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. The Goldman Sachs Group lifted their target price on Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Citigroup boosted their price target on shares of Lam Research from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, HSBC set a $127.00 price objective on Lam Research and gave the stock a “hold” rating in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $149.04.

Lam Research Stock Performance

Shares of LRCX opened at $147.46 on Tuesday. The stock has a 50-day moving average of $141.60 and a two-hundred day moving average of $110.47. The stock has a market cap of $185.21 billion, a P/E ratio of 32.48, a P/E/G ratio of 1.68 and a beta of 1.87. Lam Research Corporation has a one year low of $56.32 and a one year 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.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, research analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

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

Insider Buying and Selling

In related news, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the sale, the director owned 1,652 shares in the company, valued at approximately $264,303.48. This trade represents a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Vahid Vahedi sold 52,190 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president owned 251,047 shares in the company, valued at $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 102,608 shares of company stock valued at $14,916,496. Insiders own 0.31% of the company’s stock.

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.