Turtle Creek Wealth Advisors LLC Has $12.78 Million Holdings in Lam Research Corporation $LRCX

Turtle Creek Wealth Advisors LLC boosted its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 8.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,404 shares of the semiconductor company’s stock after purchasing an additional 7,314 shares during the period. Lam Research comprises 1.1% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 23rd largest position. Turtle Creek Wealth Advisors LLC’s holdings in Lam Research were worth $12,775,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after acquiring an additional 12,936 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Lam Research during the 1st quarter worth approximately $239,000. Moody National Bank Trust Division bought a new stake in shares of Lam Research during the 2nd quarter worth approximately $208,000. Wedge Capital Management L L P NC acquired a new stake in shares of Lam Research in the 2nd quarter valued at approximately $244,000. Finally, Sowell Financial Services LLC grew its stake in shares of Lam Research by 1.1% in the second quarter. Sowell Financial Services LLC now owns 20,273 shares of the semiconductor company’s stock valued at $1,973,000 after buying an additional 226 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the sale, the director owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 56,786 shares in the company, valued at approximately $8,942,091.42. This represents a 13.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 50,418 shares of company stock worth $7,667,305 in the last 90 days. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $225.00 price target (up from $175.00) on shares of Lam Research in a research report on Monday, January 12th. Berenberg Bank boosted their price objective on shares of Lam Research from $122.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. B. Riley reaffirmed a “buy” rating on shares of Lam Research in a report on Thursday. BNP Paribas Exane raised their target price on shares of Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Twenty-eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.46.

Lam Research Stock Up 2.5%

Shares of LRCX opened at $222.96 on Tuesday. The firm has a market cap of $280.04 billion, a P/E ratio of 49.11, a price-to-earnings-growth ratio of 2.55 and a beta of 1.77. 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 52 week low of $56.32 and a 52 week high of $229.57. The firm’s 50-day simple moving average is $172.73 and its 200 day simple moving average is $138.40.

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

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 3rd. Lam Research’s dividend payout ratio is currently 22.91%.

Lam Research Company Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.