Thoroughbred Financial Services LLC Grows Holdings in Lam Research Corporation $LRCX

Thoroughbred Financial Services LLC increased its holdings in Lam Research Corporation (NASDAQ:LRCX) by 115.2% in the third quarter, Holdings Channel.com reports. The firm owned 22,198 shares of the semiconductor company’s stock after acquiring an additional 11,883 shares during the period. Thoroughbred Financial Services LLC’s holdings in Lam Research were worth $2,972,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Howard Hughes Medical Institute bought a new position in shares of Lam Research in the 2nd quarter worth approximately $27,000. Strategic Wealth Investment Group LLC purchased a new stake in Lam Research during the second quarter valued at approximately $29,000. Delos Wealth Advisors LLC bought a new position in Lam Research in the 2nd quarter worth $30,000. Bank of Jackson Hole Trust lifted its position in shares of 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 in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Lam Research during the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In related news, Director Eric Brandt sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $225.60, for a total value of $7,896,000.00. Following the sale, the director directly owned 253,705 shares in the company, valued at $57,235,848. The trade was a 12.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is owned by corporate insiders.

Lam Research Stock Performance

Shares of LRCX opened at $249.48 on Thursday. The company has a market capitalization of $311.54 billion, a PE ratio of 51.12, a P/E/G ratio of 2.62 and a beta of 1.78. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $214.18 and a 200-day simple moving average of $163.37. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $256.68.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the previous year, the company earned $0.91 EPS. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 0.4%. Lam Research’s payout ratio is presently 21.31%.

Analysts Set New Price Targets

LRCX has been the topic of a number of research analyst reports. UBS Group set a $300.00 target price on Lam Research in a research report on Thursday, January 29th. Argus increased their price target on Lam Research from $175.00 to $280.00 in a research report on Tuesday, February 3rd. Barclays set a $250.00 target price on Lam Research in a research note on Thursday, January 29th. HSBC raised their target price on shares of Lam Research from $181.00 to $221.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Lam Research in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $245.19.

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.