2,281 Shares in Lam Research Corporation $LRCX Bought by Canvas Wealth Advisors LLC

Key Points

• Canvas Wealth Advisors LLC purchased 2,281 shares of Lam Research Corporation for approximately $225,000, marking a significant investment from the institutional investor.
• Lam Research recently declared a quarterly dividend of $0.26 per share, an increase from the previous $0.23, indicating the company's strong financial performance.
• Analysts have set a consensus price target of $128.04 for Lam Research, with 23 analysts rating it a "Buy" and 8 rating it a "Hold."

Canvas Wealth Advisors LLC bought a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,281 shares of the semiconductor company's stock, valued at approximately $225,000.

A number of other hedge funds have also recently made changes to their positions in LRCX. Smallwood Wealth Investment Management LLC bought a new position in Lam Research in the 1st quarter valued at approximately $26,000. REAP Financial Group LLC acquired a new position in Lam Research in the 2nd quarter valued at approximately $31,000. 1 North Wealth Services LLC bought a new position in shares of Lam Research during the first quarter valued at $36,000. Rossby Financial LCC bought a new position in shares of Lam Research during the first quarter valued at $37,000. Finally, Saudi Central Bank acquired a new position in shares of Lam Research during the first quarter worth $37,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lam Research

In other news, SVP Vahid Vahedi sold 52,190 shares of the company's stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.31% of the company's stock.

Lam Research Trading Up 1.8%

Shares of LRCX stock opened at $144.05 on Tuesday. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $153.70. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The stock has a 50 day simple moving average of $119.90 and a two-hundred day simple moving average of $97.75. The company has a market cap of $181.65 billion, a P/E ratio of 34.63, a PEG ratio of 1.72 and a beta of 1.84.

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

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.7%. This is an increase from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, September 24th. Lam Research's payout ratio is presently 25.00%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Argus increased their price objective on Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 1st. Weiss Ratings reissued a "buy (b-)" rating on shares of Lam Research in a research note on Wednesday, October 8th. Hsbc Global Res upgraded Lam Research to a "hold" rating in a research report on Tuesday, September 30th. Erste Group Bank initiated coverage on Lam Research in a research note on Thursday, August 14th. They issued a "buy" rating on the stock. Finally, Summit Insights downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.04.

About Lam Research

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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