Lam Research Corporation $LRCX Position Increased by Childress Capital Advisors LLC

Childress Capital Advisors LLC grew its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 589.2% during the third quarter, Holdings Channel reports. The firm owned 36,584 shares of the semiconductor company’s stock after acquiring an additional 31,276 shares during the quarter. Lam Research comprises 0.9% of Childress Capital Advisors LLC’s portfolio, making the stock its 27th largest holding. Childress Capital Advisors LLC’s holdings in Lam Research were worth $4,899,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Park Avenue Securities LLC grew its position in shares of Lam Research by 8.7% during the 3rd quarter. Park Avenue Securities LLC now owns 66,389 shares of the semiconductor company’s stock valued at $8,889,000 after buying an additional 5,322 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Lam Research by 87.8% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,166 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 545 shares during the period. Integral Investment Advisors Inc. bought a new position in shares of Lam Research during the third quarter valued at approximately $224,000. Index Fund Advisors Inc. acquired a new stake in shares of Lam Research during the 3rd quarter worth approximately $229,000. Finally, Avalon Capital Management bought a new stake in shares of Lam Research in the 3rd quarter worth approximately $249,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LRCX. B. Riley upped their price objective on Lam Research from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Mizuho upped their price target on shares of Lam Research from $170.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. TD Cowen increased their price objective on shares of Lam Research from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. HSBC set a $127.00 target price on shares of Lam Research and gave the company a “hold” rating in a research note on Tuesday, September 30th. Finally, Sanford C. Bernstein raised their price target on shares of Lam Research from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Twenty-six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $161.21.

Insider Transactions at Lam Research

In other Lam Research news, insider Ava Harter sold 9,010 shares of the company’s stock in a transaction dated 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 directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the transaction, the director owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. This trade represents a 44.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 102,608 shares of company stock worth $14,916,496. Corporate insiders own 0.31% of the company’s stock.

Lam Research Trading Up 6.3%

Shares of NASDAQ:LRCX opened at $206.96 on Wednesday. The company has a 50 day moving average of $163.12 and a 200-day moving average of $130.94. The firm has a market cap of $259.95 billion, a P/E ratio of 45.59, a P/E/G ratio of 2.25 and a beta of 1.77. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $210.45. 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 (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. The business had revenue of $5.32 billion for 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%. The business’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter last year, the business earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders 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 dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, December 3rd. Lam Research’s payout ratio is currently 22.91%.

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.