Baird Financial Group Inc. Acquires 148,431 Shares of Lam Research Corporation $LRCX

Baird Financial Group Inc. raised its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 28.6% during the second quarter, HoldingsChannel reports. The firm owned 667,781 shares of the semiconductor company’s stock after purchasing an additional 148,431 shares during the period. Baird Financial Group Inc.’s holdings in Lam Research were worth $65,002,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. IMG Wealth Management Inc. purchased a new position in Lam Research during the second quarter valued at approximately $26,000. REAP Financial Group LLC bought a new stake in Lam Research during the 2nd quarter valued at $31,000. Bank of Jackson Hole Trust boosted its position in Lam Research by 111.1% during the 2nd quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 200 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Lam Research in the 2nd quarter valued at $38,000. Finally, Hilltop National Bank bought a new position in shares of Lam Research in the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

In other news, insider Ava Harter sold 9,010 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider owned 56,786 shares of the company’s stock, valued at $8,942,091.42. The trade was a 13.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bethany Mayer sold 1,298 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the sale, the director owned 1,652 shares in the company, valued at $264,303.48. The trade was a 44.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 102,608 shares of company stock valued at $14,916,496. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

LRCX has been the topic of a number of recent research reports. Rothschild & Co Redburn raised their price objective on Lam Research from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Barclays set a $142.00 price target on shares of Lam Research and gave the company an “equal weight” rating in a research report on Monday, October 20th. UBS Group restated a “buy” rating and issued a $175.00 price target (up from $165.00) on shares of Lam Research in a report on Tuesday, November 25th. Erste Group Bank began coverage on shares of Lam Research in a research note on Thursday, August 14th. They set a “buy” rating for the company. Finally, Needham & Company LLC raised their target price on shares of Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Twenty-six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $152.87.

Lam Research Stock Performance

Shares of LRCX opened at $157.09 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 stock has a 50-day moving average of $149.41 and a two-hundred day moving average of $116.60. The stock has a market cap of $197.31 billion, a P/E ratio of 34.60, a P/E/G ratio of 1.64 and a beta of 1.77. Lam Research Corporation has a one year low of $56.32 and a one year high of $167.15.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the prior year, the company earned $0.86 EPS. Lam Research’s quarterly revenue was up 27.7% on a year-over-year basis. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.26 per share. 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 (DPR) is 22.91%.

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.