Thurston Springer Miller Herd & Titak Inc. Has $96,000 Holdings in Lam Research Corporation $LRCX

Thurston Springer Miller Herd & Titak Inc. trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 95.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 718 shares of the semiconductor company’s stock after selling 14,541 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Lam Research were worth $96,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bahl & Gaynor Inc. grew its holdings in shares of Lam Research by 1.9% during the second quarter. Bahl & Gaynor Inc. now owns 5,602 shares of the semiconductor company’s stock worth $545,000 after purchasing an additional 102 shares during the last quarter. BankPlus Wealth Management LLC lifted its position in Lam Research by 2.0% during the 2nd 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 in the last quarter. ORG Partners LLC grew its holdings in Lam Research by 7.3% during the 2nd quarter. ORG Partners LLC now owns 1,676 shares of the semiconductor company’s stock worth $162,000 after acquiring an additional 114 shares during the last quarter. Quotient Wealth Partners LLC increased its position in Lam Research by 2.1% in the 2nd quarter. Quotient Wealth Partners LLC now owns 5,437 shares of the semiconductor company’s stock valued at $529,000 after acquiring an additional 114 shares in the last quarter. Finally, Fairvoy Private Wealth LLC raised its stake 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 acquiring an additional 120 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Activity

In other news, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the transaction, the chief financial officer owned 987,237 shares of the company’s stock, valued at $148,677,892.20. The trade was a 3.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 value of $1,418,804.70. Following the sale, the insider directly owned 56,786 shares in the company, valued at $8,942,091.42. The trade was a 13.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 102,608 shares of company stock worth $14,916,496 in the last ninety days. Company insiders own 0.31% of the company’s stock.

Lam Research Stock Down 5.1%

Shares of Lam Research stock opened at $154.98 on Thursday. The business has a fifty day simple moving average of $153.54 and a 200 day simple moving average of $121.88. The stock has a market cap of $194.66 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 1.68 and a beta of 1.77. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $169.69.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share 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 analyst estimates of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Research analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Lam Research’s payout ratio is currently 22.91%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LRCX. New Street Research raised their price target on shares of Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. UBS Group reissued a “buy” rating and issued a $175.00 target price (up from $165.00) on shares of Lam Research in a research note on Tuesday, November 25th. Wells Fargo & Company boosted their target price on Lam Research from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Morgan Stanley raised their price target on Lam Research from $137.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, December 2nd. Finally, Rothschild & Co Redburn boosted their price objective on Lam Research from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Twenty-six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and an average target price of $158.54.

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.