Farmers Trust Co. Purchases 13,136 Shares of Lam Research Corporation $LRCX

Farmers Trust Co. raised its position in Lam Research Corporation (NASDAQ:LRCX) by 30.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,710 shares of the semiconductor company’s stock after buying an additional 13,136 shares during the quarter. Lam Research comprises about 1.3% of Farmers Trust Co.’s holdings, making the stock its 18th largest position. Farmers Trust Co.’s holdings in Lam Research were worth $7,593,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. IMG Wealth Management Inc. bought a new stake in Lam Research in the 2nd quarter valued at about $26,000. Howard Hughes Medical Institute purchased a new position in shares of Lam Research in the second quarter worth about $27,000. Strategic Wealth Investment Group LLC bought a new stake in shares of Lam Research in the second quarter valued at approximately $29,000. Delos Wealth Advisors LLC purchased a new stake in shares of Lam Research during the 2nd quarter valued at approximately $30,000. Finally, REAP Financial Group LLC bought a new position in Lam Research in the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LRCX shares. Weiss Ratings reissued a “buy (b)” rating on shares of Lam Research in a report on Monday, December 8th. JPMorgan Chase & Co. increased their price objective on Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Stifel Nicolaus set a $160.00 target price on Lam Research and gave the stock a “buy” rating in a research note on Thursday, October 23rd. BNP Paribas Exane upped their price target on Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Finally, Sanford C. Bernstein raised their price objective on shares of Lam Research from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Twenty-six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and an average target price of $152.87.

Lam Research Stock Down 4.9%

LRCX stock opened at $160.52 on Monday. The company’s 50 day moving average is $152.53 and its 200 day moving average is $120.50. The stock has a market cap of $201.62 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 1.65 and a beta of 1.77. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $169.69.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.04. The business 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Sell-side analysts predict 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. Investors of record on Wednesday, December 3rd will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. Lam Research’s dividend payout ratio is currently 22.91%.

Insider Transactions at Lam Research

In related news, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the sale, the chief financial officer owned 987,237 shares in the company, valued at $148,677,892.20. The trade was a 3.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ava Harter sold 9,010 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the transaction, the insider owned 56,786 shares in the company, valued at $8,942,091.42. The trade was a 13.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 102,608 shares of company stock worth $14,916,496. Company 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.