Scott & Selber Inc. Takes Position in Lam Research Corporation $LRCX

Scott & Selber Inc. purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 47,551 shares of the semiconductor company’s stock, valued at approximately $6,367,000. Lam Research comprises approximately 1.6% of Scott & Selber Inc.’s holdings, making the stock its 14th biggest position.

Other institutional investors have also modified their holdings of the company. Sava Infond d.o.o. increased its position in Lam Research by 3.1% during the 2nd quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock worth $7,325,000 after purchasing an additional 2,250 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Lam Research by 30.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock valued at $19,369,000 after buying an additional 34,147 shares in the last quarter. Horizon Bancorp Inc. IN acquired a new position in Lam Research during the second quarter worth $389,000. Genus Capital Management Inc. acquired a new position in Lam Research during the second quarter worth $14,476,000. Finally, Diversified Trust Co raised its position in Lam Research by 34.4% in the third quarter. Diversified Trust Co now owns 31,922 shares of the semiconductor company’s stock worth $4,274,000 after acquiring an additional 8,172 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Price Performance

LRCX stock opened at $222.96 on Tuesday. The stock’s 50 day moving average price is $172.73 and its 200 day moving average price is $138.40. The firm has a market cap of $280.04 billion, a P/E ratio of 49.11, a PEG 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 1 year low of $56.32 and a 1 year high of $229.57.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the previous year, the firm 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, sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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

Analysts Set New Price Targets

LRCX has been the topic of several research analyst reports. Royal Bank Of Canada set a $260.00 target price on shares of Lam Research in a research report on Wednesday, January 14th. Jefferies Financial Group reissued a “buy” rating and set a $200.00 price objective (up previously from $175.00) on shares of Lam Research in a report on Monday, December 15th. Wall Street Zen cut shares of Lam Research from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. New Street Research boosted their price target on Lam Research from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, Berenberg Bank upped their price target on Lam Research from $122.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Twenty-eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $192.46.

Insider Buying and Selling at Lam Research

In other news, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 1,652 shares of the company’s stock, valued at $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ava Harter sold 9,010 shares of the 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 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 position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 50,418 shares of company stock worth $7,667,305. Corporate insiders own 0.31% of the company’s stock.

Lam Research 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.