M&G PLC Boosts Stake in Lam Research Corporation $LRCX

M&G PLC lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 254.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,835,912 shares of the semiconductor company’s stock after buying an additional 1,317,368 shares during the period. M&G PLC owned approximately 0.14% of Lam Research worth $178,083,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. IMG Wealth Management Inc. purchased a new stake in shares of Lam Research during the 2nd quarter valued at about $26,000. REAP Financial Group LLC bought a new position in Lam Research during the second quarter valued at approximately $31,000. 1 North Wealth Services LLC purchased a new stake in Lam Research in the first quarter worth approximately $36,000. Saudi Central Bank bought a new stake in Lam Research in the 1st quarter worth approximately $37,000. Finally, Bank of Jackson Hole Trust raised its stake in Lam Research by 111.1% during the 2nd quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Activity

In other Lam Research news, insider Ava Harter sold 9,010 shares of Lam Research stock in a transaction that occurred 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 owned 56,786 shares of the company’s stock, valued at $8,942,091.42. The trade was a 13.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bethany Mayer sold 1,298 shares of the company’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 sale, the director directly owned 1,652 shares in the company, valued at $264,303.48. This trade represents a 44.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 62,528 shares of company stock worth $8,880,448 over the last 90 days. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LRCX. B. Riley raised their price target on Lam Research from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Berenberg Bank boosted their price target on Lam Research from $122.00 to $165.00 and gave the company 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 research note on Wednesday, November 5th. Erste Group Bank initiated coverage on shares of Lam Research in a report on Thursday, August 14th. They issued a “buy” rating on the stock. Finally, KeyCorp upped their target price on shares of Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued 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 a consensus rating of “Moderate Buy” and an average price target of $148.54.

Lam Research Trading Down 4.3%

Shares of Lam Research stock opened at $159.18 on Wednesday. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $167.15. 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 company has a market capitalization 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 company has a fifty day moving average of $137.51 and a 200 day moving average of $108.19.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The business’s 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. On average, sell-side analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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