Spire Wealth Management Buys 14,503 Shares of Lam Research Corporation $LRCX

Spire Wealth Management increased its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 215.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,219 shares of the semiconductor company’s stock after purchasing an additional 14,503 shares during the quarter. Spire Wealth Management’s holdings in Lam Research were worth $2,036,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its holdings in Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after buying an additional 12,936 shares during the period. Golden State Wealth Management LLC lifted its holdings in Lam Research by 18.5% in the first quarter. Golden State Wealth Management LLC now owns 2,249 shares of the semiconductor company’s stock valued at $164,000 after buying an additional 351 shares during the period. DAVENPORT & Co LLC lifted its holdings in Lam Research by 34.1% in the first quarter. DAVENPORT & Co LLC now owns 31,043 shares of the semiconductor company’s stock valued at $2,257,000 after buying an additional 7,891 shares during the period. Rossby Financial LCC acquired a new position in Lam Research in the first quarter valued at approximately $37,000. Finally, Keybank National Association OH lifted its holdings in Lam Research by 8.2% in the first quarter. Keybank National Association OH now owns 39,818 shares of the semiconductor company’s stock valued at $2,895,000 after buying an additional 3,004 shares during the period. 84.61% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Vahid Vahedi sold 52,190 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the sale, the senior vice president directly owned 251,047 shares in the company, valued at $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the sale, the insider owned 56,786 shares in the company, valued at approximately $8,942,091.42. The trade was a 13.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.31% of the company’s stock.

Lam Research Trading Up 0.2%

LRCX opened at $161.01 on Friday. The firm’s fifty day moving average is $127.98 and its two-hundred day moving average is $102.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The firm has a market cap of $202.23 billion, a PE ratio of 35.46, a price-to-earnings-growth ratio of 1.68 and a beta of 1.84. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $165.22.

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 analyst estimates of $5.23 billion. During the same period last year, the business posted $0.86 earnings per share. The firm’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. Equities research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, September 24th. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.6%. Lam Research’s dividend payout ratio (DPR) is 22.91%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LRCX shares. Citigroup increased their price objective on shares of Lam Research from $120.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Cowen restated a “buy” rating on shares of Lam Research in a report on Thursday, October 23rd. JPMorgan Chase & Co. increased their price objective on shares of Lam Research from $113.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. TD Cowen increased their target price on shares of Lam Research from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Raymond James Financial increased their target price on shares of Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.54.

Lam Research 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.