Sierra Summit Advisors LLC Grows Stock Holdings in Lam Research Corporation $LRCX

Sierra Summit Advisors LLC grew its holdings in Lam Research Corporation (NASDAQ:LRCX) by 2,740.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,599 shares of the semiconductor company’s stock after buying an additional 89,339 shares during the period. Lam Research makes up 1.6% of Sierra Summit Advisors LLC’s portfolio, making the stock its 27th largest holding. Sierra Summit Advisors LLC’s holdings in Lam Research were worth $9,014,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LRCX. Brighton Jones LLC raised its position in Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 12,936 shares during the period. 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. AE Wealth Management LLC raised its holdings in Lam Research by 48.2% during the 1st quarter. AE Wealth Management LLC now owns 37,072 shares of the semiconductor company’s stock valued at $2,695,000 after buying an additional 12,055 shares during the period. Kovack Advisors Inc. lifted its position in Lam Research by 5.4% in the first quarter. Kovack Advisors Inc. now owns 6,764 shares of the semiconductor company’s stock worth $492,000 after buying an additional 344 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in Lam Research by 20.1% during the first quarter. Avantax Advisory Services Inc. now owns 47,336 shares of the semiconductor company’s stock worth $3,441,000 after buying an additional 7,929 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

Lam Research stock opened at $142.65 on Friday. 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 capitalization of $179.17 billion, a PE ratio of 31.42, a P/E/G ratio of 1.68 and a beta of 1.87. The company has a 50 day moving average price of $144.17 and a 200-day moving average price of $112.17. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $167.15.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 60.60% and a net margin of 29.66%.Lam Research’s revenue was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, equities analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

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

Wall Street Analysts Forecast Growth

LRCX has been the topic of several recent analyst reports. New Street Research increased their target price on shares of Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Wall Street Zen downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Oppenheimer set a $200.00 price objective on shares of Lam Research and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft upped their target price on Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Citigroup increased their price target on Lam Research from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. 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. According to MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and a consensus target price of $151.84.

Insider Buying and Selling at Lam Research

In other news, insider Ava Harter sold 9,010 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $157.47, for a total value of $1,418,804.70. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the transaction, the chief financial officer directly owned 987,237 shares in the company, valued at approximately $148,677,892.20. The trade was a 3.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 102,608 shares of company stock valued at $14,916,496 in the last ninety days. 0.31% of the stock is owned by 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.