Lam Research Corporation $LRCX Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 51.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 30,525 shares of the semiconductor company’s stock after purchasing an additional 10,405 shares during the period. Farther Finance Advisors LLC’s holdings in Lam Research were worth $4,087,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. IMG Wealth Management Inc. purchased a new position in Lam Research in the second quarter worth approximately $26,000. Howard Hughes Medical Institute acquired a new stake in shares of Lam Research in the 2nd quarter valued at $27,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of Lam Research during the 2nd quarter worth $29,000. Delos Wealth Advisors LLC acquired a new position in shares of Lam Research during the second quarter worth $30,000. Finally, REAP Financial Group LLC purchased a new position in Lam Research in the second quarter valued at $31,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Trading Up 1.2%

NASDAQ:LRCX opened at $177.24 on Thursday. The firm has a market cap of $222.62 billion, a P/E ratio of 39.04, a PEG ratio of 2.02 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 12-month low of $56.32 and a 12-month high of $177.56. The stock’s 50 day simple moving average is $156.96 and its 200-day simple moving average is $124.97.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.04. The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be given a $0.26 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a yield of 0.6%. Lam Research’s dividend payout ratio is presently 22.91%.

Insider Activity at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the sale, the director owned 1,652 shares in the company, valued at $264,303.48. This represents a 44.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 102,608 shares of company stock worth $14,916,496 over the last three months. 0.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Evercore ISI lifted their price target on Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Oppenheimer set a $200.00 target price on Lam Research and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Sanford C. Bernstein upped their price target on Lam Research from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Wells Fargo & Company raised their price objective on shares of Lam Research from $135.00 to $145.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Finally, UBS Group restated a “buy” rating and set a $200.00 price objective (up previously from $175.00) on shares of Lam Research in a research report on Tuesday. Twenty-six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $161.21.

About Lam Research

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.