Comerica Bank Takes $18.04 Million Position in Lam Research Corporation $LRCX

Key Points

• Comerica Bank acquired a new stake in Lam Research Corporation, purchasing 248,159 shares valued at approximately $18 million in the first quarter.
• Vanguard Group increased its holdings in Lam Research by 6.9%, now holding over 129 million shares worth about $9.39 billion.
• Lam Research reported $1.33 earnings per share in its latest quarter, surpassing analysts' expectations and reflecting a 33.6% year-over-year revenue growth to $5.17 billion.

Comerica Bank purchased a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 248,159 shares of the semiconductor company's stock, valued at approximately $18,041,000.

Other large investors have also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC bought a new position in Lam Research in the 1st quarter valued at $26,000. West Paces Advisors Inc. bought a new position in Lam Research in the 4th quarter valued at $27,000. Mpwm Advisory Solutions LLC bought a new position in Lam Research in the 4th quarter valued at $27,000. Park Square Financial Group LLC bought a new stake in shares of Lam Research during the 4th quarter worth $31,000. Finally, Putney Financial Group LLC bought a new stake in shares of Lam Research during the 4th quarter worth $36,000. 84.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Needham & Company LLC lifted their price objective on shares of Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Erste Group Bank assumed coverage on shares of Lam Research in a report on Thursday, August 14th. They set a "buy" rating for the company. B. Riley reaffirmed a "buy" rating and set a $115.00 price objective (up from $95.00) on shares of Lam Research in a report on Wednesday, June 18th. Barclays set a $83.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Oppenheimer lifted their price objective on shares of Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.30.

Lam Research Trading Up 0.4%

Shares of LRCX stock traded up $0.42 during mid-day trading on Thursday, reaching $104.09. The stock had a trading volume of 7,372,322 shares, compared to its average volume of 12,501,825. The stock's 50-day moving average price is $99.25 and its two-hundred day moving average price is $85.15. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $108.02. The firm has a market capitalization of $131.74 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 1.33 and a beta of 1.65. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $4.99 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The company's revenue for the quarter was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a $0.26 dividend. This is a boost from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. Lam Research's payout ratio is presently 22.12%.

Lam Research 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.