3,186 Shares in Lam Research Corporation $LRCX Purchased by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc purchased a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,186 shares of the semiconductor company's stock, valued at approximately $310,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Lam Research by 6.9% in the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after purchasing an additional 8,364,375 shares during the last quarter. Invesco Ltd. lifted its stake in Lam Research by 2.8% in the first quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock worth $1,259,947,000 after purchasing an additional 472,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Lam Research by 6,383.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company's stock worth $980,500,000 after purchasing an additional 13,365,317 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Lam Research by 25.8% in the first quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock worth $693,319,000 after purchasing an additional 1,953,221 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Lam Research by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company's stock worth $647,067,000 after purchasing an additional 418,077 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LRCX. Summit Insights downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Erste Group Bank initiated coverage on shares of Lam Research in a research note on Thursday, August 14th. They set a "buy" rating for the company. Argus lifted their price target on shares of Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Mizuho lifted their price target on shares of Lam Research from $120.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Finally, Citigroup lifted their price target on shares of Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and a consensus price target of $107.96.

Lam Research Stock Performance

Shares of LRCX stock opened at $120.47 on Wednesday. The business's fifty day simple moving average is $101.91 and its 200-day simple moving average is $87.33. The company has a market cap of $151.92 billion, a PE ratio of 28.96, a PEG ratio of 1.53 and a beta of 1.76. 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 Corporation has a 12-month low of $56.32 and a 12-month high of $120.97.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued 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 business had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business's quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend 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.

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