Petros Family Wealth LLC Acquires Shares of 4,365 Lam Research Corporation $LRCX

Petros Family Wealth LLC purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,365 shares of the semiconductor company’s stock, valued at approximately $584,000.

Several other institutional investors have also recently made changes to their positions in LRCX. Sava Infond d.o.o. raised its position in Lam Research by 3.1% during the 2nd quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock valued at $7,325,000 after purchasing an additional 2,250 shares in the last quarter. Horizon Bancorp Inc. IN bought a new stake in shares of Lam Research in the second quarter valued at about $389,000. Empowered Funds LLC lifted its stake in Lam Research by 10.5% in the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after acquiring an additional 17,833 shares during the period. Genus Capital Management Inc. bought a new position in Lam Research during the 2nd quarter worth about $14,476,000. Finally, Glass Wealth Management Co LLC boosted its holdings in Lam Research by 8.5% in the second quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock worth $2,810,000 after acquiring an additional 2,270 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Insiders Place Their Bets

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 1,652 shares of the company’s stock, valued at $264,303.48. This trade represents a 44.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 102,608 shares of company stock worth $14,916,496. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LRCX shares. Berenberg Bank boosted their target price on shares of Lam Research from $122.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Dbs Bank upped their target price on Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. Needham & Company LLC lifted their price target on Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Evercore ISI increased their price objective on Lam Research from $115.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, BNP Paribas Exane upped their target price on Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Twenty-six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $161.21.

Lam Research Stock Up 0.4%

Shares of LRCX opened at $178.07 on Monday. The stock’s 50-day moving average price is $158.39 and its 200-day moving average price is $126.45. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $223.66 billion, a price-to-earnings ratio of 39.22, a PEG ratio of 2.06 and a beta of 1.77. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $179.80.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter last year, the company earned $0.86 EPS. The business’s 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. On average, sell-side analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

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