Marshall Wace LLP Increases Stock Position in Lam Research Corporation $LRCX

Marshall Wace LLP increased its holdings in Lam Research Corporation by 77.5% in Q2, owning 1,502,100 shares worth $146.2 million. Other investors like Epoch Investment Partners and Baird Financial Group also boosted their stakes. Insider sales included Director Bethany Mayer and SVP Vahid Vahedi. Lam Research reported Q2 earnings of $1.26 per share, beating estimates, with revenue up 27.7% year-over-year. The company announced a quarterly dividend payable on January 7th.

Marshall Wace LLP boosted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 77.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,502,100 shares of the semiconductor company's stock after purchasing an additional 655,638 shares during the quarter. Marshall Wace LLP owned approximately 0.12% of Lam Research worth $146,214,000 at the end of the most recent quarter.

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Several other large investors have also modified their holdings of LRCX. Epoch Investment Partners Inc. increased its stake in shares of Lam Research by 9.7% in the second quarter. Epoch Investment Partners Inc. now owns 2,056,676 shares of the semiconductor company's stock valued at $200,197,000 after purchasing an additional 182,143 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of Lam Research by 28.6% during the second quarter. Baird Financial Group Inc. now owns 667,781 shares of the semiconductor company's stock valued at $65,002,000 after purchasing an additional 148,431 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Lam Research by 19.8% in the second quarter. First Trust Advisors LP now owns 3,842,815 shares of the semiconductor company's stock worth $374,060,000 after buying an additional 635,366 shares during the period. Guggenheim Capital LLC boosted its stake in Lam Research by 4.1% in the 2nd quarter. Guggenheim Capital LLC now owns 833,227 shares of the semiconductor company's stock worth $81,106,000 after purchasing an additional 32,836 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Lam Research by 42.8% during the second quarter. EverSource Wealth Advisors LLC now owns 8,450 shares of the semiconductor company's stock valued at $823,000 after buying an additional 2,534 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Insider Activity at Lam Research

In other news, Director Bethany Mayer sold 1,298 shares of the company's stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the transaction, the director owned 1,652 shares of the company's stock, valued at approximately $264,303.48. This represents a 44.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the sale, the senior vice president directly owned 251,047 shares in the company, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 102,608 shares of company stock valued at $14,916,496. Company insiders own 0.31% of the company's stock.

Lam Research Trading Down 1.7%

MarketBeat Week in Review – 11/10 - 11/14

Shares of NASDAQ:LRCX opened at $157.09 on Friday. 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 stock's 50-day moving average is $149.41 and its 200-day moving average is $116.60. The company has a market cap of $197.31 billion, a P/E ratio of 34.60, a P/E/G ratio of 1.64 and a beta of 1.77. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $167.15.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share 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 firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The firm'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. Equities research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

2 Reasons to Buy Into Lam’s 185% Rally, 1 Reason to Run Away

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 given a $0.26 dividend. 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%.

Analysts Set New Price Targets

LRCX has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their price target on Lam Research from $113.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, October 23rd. Wall Street Zen lowered shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Saturday, November 8th. New Street Research lifted their price objective on shares of Lam Research from $105.00 to $140.00 and gave the company a "neutral" rating in a research note on Thursday, October 23rd. Cowen reissued a "buy" rating on shares of Lam Research in a research report on Thursday, October 23rd. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $170.00 price target on shares of Lam Research in a research report on Thursday, October 23rd. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $152.87.

View Our Latest Research Report on LRCX

Lam Research Company Profile

(Free Report)

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.

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