Brookstone Capital Management Reduces Holdings in Lam Research Corporation $LRCX

Brookstone Capital Management trimmed its stake in Lam Research Corporation (NASDAQ:LRCX) by 9.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,946 shares of the semiconductor company’s stock after selling 1,673 shares during the period. Brookstone Capital Management’s holdings in Lam Research were worth $1,552,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LRCX. BankPlus Wealth Management LLC boosted its holdings in shares of Lam Research by 2.0% in the second quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company’s stock worth $511,000 after buying an additional 105 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of Lam Research by 7.3% in the second quarter. ORG Partners LLC now owns 1,676 shares of the semiconductor company’s stock worth $162,000 after buying an additional 114 shares during the last quarter. Quotient Wealth Partners LLC boosted its holdings in shares of Lam Research by 2.1% in the second quarter. Quotient Wealth Partners LLC now owns 5,437 shares of the semiconductor company’s stock worth $529,000 after buying an additional 114 shares during the last quarter. Fairvoy Private Wealth LLC boosted its holdings in shares of Lam Research by 3.0% in the second quarter. Fairvoy Private Wealth LLC now owns 4,185 shares of the semiconductor company’s stock worth $407,000 after buying an additional 120 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its holdings in shares of Lam Research by 16.0% in the second quarter. Rosenberg Matthew Hamilton now owns 869 shares of the semiconductor company’s stock worth $85,000 after buying an additional 120 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Vahid Vahedi sold 52,190 shares of the business’s stock in a transaction 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 sale, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of Lam Research from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lam Research in a research report on Wednesday, October 8th. Berenberg Bank upped their price target on shares of Lam Research from $122.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday. Mizuho upped their price target on shares of Lam Research from $162.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, KeyCorp upped their price target on shares of Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $147.21.

Lam Research Trading Up 2.8%

Lam Research stock opened at $151.68 on Friday. The stock has a market cap of $191.27 billion, a P/E ratio of 33.41, a PEG ratio of 1.76 and a beta of 1.84. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.55. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $153.70. The firm’s 50 day moving average price is $123.23 and its 200-day moving average price is $99.60.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.04. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The company’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were given a $0.26 dividend. This is a boost from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 24th. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

About Lam Research

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.