Texas Capital Bank Wealth Management Services Inc Has $18.80 Million Stake in Lam Research Corporation $LRCX

Key Points

• Texas Capital Bank Wealth Management Services increased its Lam Research stake by 3.4% in the fourth quarter, ending with 109,828 shares valued at about $18.8 million. Lam Research now makes up roughly 1.1% of the firm’s portfolio.
• Insider selling has been notable recently, including CFO Douglas R. Bettinger’s sale of 50,057 shares and Ava Harter’s sale of 6,010 shares. In the last 90 days, insiders sold 120,066 shares worth about $28.0 million.
• Lam Research recently beat earnings and revenue expectations, reporting $1.47 EPS on $5.84 billion in revenue, and it issued Q4 2026 guidance of 1.50–1.80 EPS. Analysts remain generally positive, with a consensus rating of Moderate Buy and an average target price of $295.07.

Texas Capital Bank Wealth Management Services Inc increased its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 3.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 109,828 shares of the semiconductor company's stock after purchasing an additional 3,614 shares during the period. Lam Research comprises about 1.1% of Texas Capital Bank Wealth Management Services Inc's investment portfolio, making the stock its 17th biggest holding. Texas Capital Bank Wealth Management Services Inc's holdings in Lam Research were worth $18,800,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position 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 buying an additional 12,936 shares in the last quarter. Caxton Associates LLP purchased a new stake in Lam Research in the 1st quarter worth approximately $239,000. Gabelli Funds LLC purchased a new stake in Lam Research in the 2nd quarter worth approximately $253,000. NewEdge Advisors LLC lifted its position in Lam Research by 2.7% in the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company's stock worth $9,785,000 after buying an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. lifted its position in Lam Research by 5,206.7% in the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company's stock worth $77,000 after buying an additional 781 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Insider Activity at Lam Research

In related news, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the completion of the transaction, the chief financial officer directly owned 1,081,705 shares of the company's stock, valued at $242,334,371.15. This trade represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the transaction, the insider directly owned 53,205 shares of the company's stock, valued at $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 120,066 shares of company stock valued at $27,953,242 in the last ninety days. Insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on shares of Lam Research from $300.00 to $315.00 and gave the stock an "overweight" rating in a research report on Thursday, April 23rd. Susquehanna increased their target price on shares of Lam Research from $350.00 to $385.00 and gave the stock a "positive" rating in a research report on Thursday, April 23rd. Weiss Ratings downgraded shares of Lam Research from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, May 14th. HSBC raised their price target on shares of Lam Research from $221.00 to $247.00 and gave the company a "hold" rating in a report on Friday, April 24th. Finally, UBS Group set a $300.00 price target on shares of Lam Research in a report on Thursday, January 29th. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $295.07.

Lam Research Stock Performance

NASDAQ LRCX opened at $318.93 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The firm has a market capitalization of $398.84 billion, a price-to-earnings ratio of 60.18, a P/E/G ratio of 2.67 and a beta of 1.81. The company's fifty day moving average is $260.18 and its two-hundred day moving average is $218.99. Lam Research Corporation has a 52-week low of $79.49 and a 52-week high of $333.33.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period in the previous year, the business earned $1.04 EPS. The firm's revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities research analysts forecast that Lam Research Corporation will post 5.67 EPS for the current year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 17th. Lam Research's dividend payout ratio (DPR) is currently 19.62%.

Lam Research Company Profile

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.

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