Security National Bank of Sioux City Iowa IA Has $6.82 Million Position in Lam Research Corporation $LRCX

Security National Bank of Sioux City Iowa IA lifted its holdings in Lam Research Corporation (NASDAQ:LRCX) by 24.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,734 shares of the semiconductor company’s stock after purchasing an additional 3,140 shares during the period. Lam Research comprises 2.8% of Security National Bank of Sioux City Iowa IA’s holdings, making the stock its 6th biggest position. Security National Bank of Sioux City Iowa IA’s holdings in Lam Research were worth $6,818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Altus USA Inc. grew its position in Lam Research by 39.3% during the 2nd quarter. Wellington Altus USA Inc. now owns 1,686 shares of the semiconductor company’s stock worth $731,000 after purchasing an additional 476 shares during the period. Smith Chas P & Associates PA Cpas acquired a new stake in Lam Research during the second quarter valued at $280,000. Talon Private Wealth LLC purchased a new position in shares of Lam Research in the 2nd quarter valued at about $1,081,000. Bouchey Financial Group Ltd. raised its holdings in Lam Research by 14.6% in the 2nd quarter. Bouchey Financial Group Ltd. now owns 2,224 shares of the semiconductor company’s stock worth $964,000 after purchasing an additional 284 shares during the period. Finally, Core Capital Management & Research inc. acquired a new position in Lam Research in the 2nd quarter worth about $65,000. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of recent analyst reports. Weiss Ratings cut Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Morgan Stanley dropped their price target on shares of Lam Research from $404.00 to $367.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Sanford C. Bernstein boosted their price target on shares of Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Zacks Research upgraded shares of Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $390.00 price objective on shares of Lam Research in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $361.81.

Lam Research Price Performance

LRCX traded up $18.80 on Friday, reaching $288.11. 19,607,062 shares of the company’s stock were exchanged, compared to its average volume of 10,915,093. The stock has a market cap of $360.52 billion, a PE ratio of 50.02, a P/E/G ratio of 1.07 and a beta of 1.85. Lam Research Corporation has a twelve month low of $125.00 and a twelve month high of $438.50. The stock’s fifty day moving average price is $307.78 and its 200-day moving average price is $295.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business’s revenue was up 30.0% on a year-over-year basis. During the same period last year, the company posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Sell-side analysts expect that Lam Research Corporation will post 9.33 EPS for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd will be paid a $0.33 dividend. This is a boost from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.5%. Lam Research’s dividend payout ratio is 22.92%.

Insider Transactions at Lam Research

In other news, Director Abhijit Talwalkar sold 18,282 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the transaction, the director owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. The trade was a 17.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the sale, the director owned 20,995 shares of the company’s stock, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,839 shares of company stock worth $10,644,740 in the last quarter. Company insiders own 0.31% of the company’s stock.

Lam Research Profile

Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.

The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.

Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.