First Citizens Bank & Trust Co. Purchases 8,123 Shares of Lam Research Corporation $LRCX

Key Points

• First Citizens Bank & Trust Co. increased its holdings in Lam Research Corporation by 6.7%, acquiring an additional 8,123 shares during the 2nd quarter, bringing their total ownership to 130,025 shares valued at approximately $12.7 million.
• A recent insider transaction saw Lam Research's SVP, Vahid Vahedi, sell 52,190 shares at an average price of $138.90, reducing his total shares owned by 17.21%.
• Lam Research reported a quarterly earnings per share (EPS) of $1.26, exceeding estimates, along with revenue of $5.32 billion, indicating a year-over-year revenue growth of 27.7%.

First Citizens Bank & Trust Co. raised its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,025 shares of the semiconductor company's stock after purchasing an additional 8,123 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Lam Research were worth $12,657,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LRCX. Brighton Jones LLC raised its stake in Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after purchasing an additional 12,936 shares in the last quarter. GAMMA Investing LLC raised its position in Lam Research by 21.5% in the first quarter. GAMMA Investing LLC now owns 29,408 shares of the semiconductor company's stock valued at $2,138,000 after purchasing an additional 5,213 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Lam Research by 6.7% during the first quarter. Oppenheimer & Co. Inc. now owns 22,753 shares of the semiconductor company's stock valued at $1,654,000 after purchasing an additional 1,432 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Lam Research by 6.4% during the first quarter. Asset Management One Co. Ltd. now owns 542,215 shares of the semiconductor company's stock worth $39,419,000 after purchasing an additional 32,462 shares during the last quarter. Finally, Legacy Advisors LLC increased its stake in shares of Lam Research by 10.5% in the first quarter. Legacy Advisors LLC now owns 9,721 shares of the semiconductor company's stock valued at $707,000 after buying an additional 926 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Insider Activity at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $138.90, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.31% of the company's stock.

Lam Research Trading Down 4.5%

Shares of NASDAQ:LRCX opened at $138.54 on Thursday. The company has a market cap of $174.70 billion, a P/E ratio of 33.30, a PEG ratio of 1.76 and a beta of 1.84. The stock's fifty day moving average price is $121.38 and its 200-day moving average price is $98.38. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $153.70. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.22 by $0.04. The firm 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 29.07% and a return on equity of 58.17%. The company'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. Sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were paid a dividend of $0.26 per share. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. Lam Research's dividend payout ratio (DPR) is presently 25.00%.

Analysts Set New Price Targets

A number of analysts recently weighed in on LRCX shares. HSBC set a $127.00 price objective on Lam Research and gave the company a "hold" rating in a report on Tuesday, September 30th. B. Riley upped their target price on Lam Research from $160.00 to $175.00 and gave the company a "buy" rating in a research report on Monday. 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 research report on Thursday. Stifel Nicolaus set a $160.00 price target on shares of Lam Research in a research note on Thursday. Finally, Hsbc Global Res raised Lam Research to a "hold" rating in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.69.

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.

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