Ironwood Investment Counsel LLC Acquires New Shares in Lam Research Corporation $LRCX

Ironwood Investment Counsel LLC bought a new stake in Lam Research Corporation (NASDAQ:LRCX) during the second quarter, Holdings Channel.com reports. The firm bought 5,630 shares of the semiconductor company’s stock, valued at approximately $548,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LRCX. IMG Wealth Management Inc. acquired a new position in Lam Research in the second quarter valued at about $26,000. REAP Financial Group LLC acquired a new stake in Lam Research in the 2nd quarter valued at approximately $31,000. Bank of Jackson Hole Trust raised its position in Lam Research by 111.1% in the second quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 200 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Lam Research during the second quarter worth $38,000. Finally, Hilltop National Bank acquired a new stake in shares of Lam Research in the second quarter valued at $38,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Erste Group Bank assumed coverage on Lam Research in a report on Thursday, August 14th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Stifel Nicolaus set a $160.00 price target on shares of Lam Research and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lam Research in a report on Wednesday, November 5th. Finally, HSBC set a $127.00 price target on Lam Research and gave the company a “hold” rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.54.

Insider Activity at Lam Research

In other news, insider Ava Harter sold 9,010 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider directly owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. The trade was a 13.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the transaction, the director owned 1,652 shares in the company, valued at $264,303.48. This represents a 44.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,528 shares of company stock valued at $8,880,448 over the last ninety days. Insiders own 0.31% of the company’s stock.

Lam Research Trading Down 4.3%

NASDAQ:LRCX opened at $159.18 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $167.15. The stock has a market cap of $199.93 billion, a P/E ratio of 35.06, a P/E/G ratio of 1.68 and a beta of 1.87. The stock has a 50-day simple moving average of $137.51 and a 200-day simple moving average of $108.19.

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

Lam Research Dividend Announcement

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

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.