2,229 Shares in Lam Research Corporation $LRCX Purchased by TCI Wealth Advisors Inc.

Key Points

• TCI Wealth Advisors Inc. has acquired 2,229 shares of Lam Research Corporation ($LRCX) during the second quarter, valued at approximately $217,000.
• Lam Research recently announced an increase in its quarterly dividend from $0.23 to $0.26 per share, indicating a commitment to returning value to its shareholders.
• Twenty investment analysts currently rate Lam Research's stock as a Buy, while seven have issued a Hold rating, reflecting strong market confidence in the company's future performance.

TCI Wealth Advisors Inc. purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,229 shares of the semiconductor company's stock, valued at approximately $217,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC boosted its position in Lam Research by 10.5% during the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock worth $13,629,000 after acquiring an additional 17,833 shares during the last quarter. Pinnacle Financial Partners Inc acquired a new position in Lam Research in the 1st quarter valued at about $201,000. Cookson Peirce & Co. Inc. acquired a new position in Lam Research in the 1st quarter valued at about $607,000. China Universal Asset Management Co. Ltd. boosted its holdings in Lam Research by 27.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock valued at $3,607,000 after purchasing an additional 10,565 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its holdings in Lam Research by 47.8% in the 1st quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock valued at $8,862,000 after purchasing an additional 39,414 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LRCX. Cantor Fitzgerald boosted their target price on shares of Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Barclays set a $83.00 target price on shares of Lam Research and gave the company an "equal weight" rating in a report on Monday, July 28th. Mizuho boosted their target price on shares of Lam Research from $120.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, September 12th. B. Riley boosted their price target on shares of Lam Research from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Raymond James Financial boosted their price target on shares of Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.35.

Lam Research Price Performance

Lam Research stock opened at $128.33 on Friday. The company's 50 day simple moving average is $106.28 and its 200-day simple moving average is $90.11. The company has a market capitalization of $161.83 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 1.62 and a beta of 1.76. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $133.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the firm earned $1.03 EPS. The firm's revenue for the quarter was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 24th. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's payout ratio is currently 25.00%.

Lam Research Company Profile

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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