State Street Corp Grows Stock Holdings in Lam Research Corporation $LRCX

State Street Corp raised its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,551,547 shares of the semiconductor company’s stock after purchasing an additional 629,666 shares during the quarter. State Street Corp’s holdings in Lam Research were worth $5,810,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Sava Infond d.o.o. lifted its holdings in shares of Lam Research by 3.1% in the 2nd quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock worth $7,325,000 after acquiring an additional 2,250 shares during the last quarter. Horizon Bancorp Inc. IN bought a new stake in Lam Research in the second quarter worth about $389,000. Empowered Funds LLC boosted its position in shares of Lam Research by 10.5% during the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock valued at $13,629,000 after buying an additional 17,833 shares during the period. Genus Capital Management Inc. bought a new position in shares of Lam Research during the second quarter valued at approximately $14,476,000. Finally, Cookson Peirce & Co. Inc. purchased a new stake in shares of Lam Research in the first quarter worth approximately $607,000. 84.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Lam Research from $137.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, December 2nd. Cowen reiterated a “buy” rating on shares of Lam Research in a research report on Thursday, October 23rd. Zacks Research cut shares of Lam Research from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. UBS Group reiterated a “buy” rating and set a $175.00 price objective (up previously from $165.00) on shares of Lam Research in a report on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Twenty-six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $152.87.

Insider Transactions at Lam Research

In other Lam Research news, Director Bethany Mayer sold 1,298 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the sale, the director directly owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. This represents a 44.00% 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, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction dated 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 sale, the chief financial officer directly owned 987,237 shares in the company, valued at $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 102,608 shares of company stock valued at $14,916,496 in the last quarter. Insiders own 0.31% of the company’s stock.

Lam Research Price Performance

Shares of LRCX stock opened at $162.74 on Tuesday. The stock’s 50-day moving average is $150.65 and its 200 day moving average is $118.15. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $167.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60. The company has a market cap of $204.41 billion, a P/E ratio of 35.85, a PEG ratio of 1.63 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating 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 business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The company’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. Research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.6%. Lam Research’s payout ratio is 22.91%.

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.