Pines Wealth Management LLC Buys New Holdings in Lam Research Corporation $LRCX

Key Points

• Pines Wealth Management LLC acquired a new position in Lam Research Corporation, purchasing 3,230 shares valued at approximately $319,000.
• Lam Research reported strong financial results for the last quarter, with earnings per share (EPS) of $1.33 surpassing estimates and a revenue of $5.17 billion, reflecting a 33.6% increase year-over-year.
• The company announced an increase in its quarterly dividend, boosting it from $0.23 to $0.26 per share, representing an annualized yield of 0.9%.

Pines Wealth Management LLC bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,230 shares of the semiconductor company's stock, valued at approximately $319,000.

Other large investors also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC bought a new position in shares of Lam Research during the first quarter worth approximately $26,000. Mpwm Advisory Solutions LLC bought a new position in Lam Research during the 4th quarter worth $27,000. Park Square Financial Group LLC bought a new position in Lam Research during the 4th quarter worth $31,000. Putney Financial Group LLC bought a new position in Lam Research during the 4th quarter worth $36,000. Finally, 1 North Wealth Services LLC bought a new position in Lam Research during the 1st quarter worth $36,000. Institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Morgan Stanley restated an "underweight" rating and set a $92.00 price objective (down previously from $94.00) on shares of Lam Research in a research note on Tuesday, September 2nd. B. Riley restated a "buy" rating and set a $115.00 price objective (up previously from $95.00) on shares of Lam Research in a research note on Wednesday, June 18th. Erste Group Bank assumed coverage on Lam Research in a research note on Thursday, August 14th. They set a "buy" rating on the stock. KeyCorp raised their price objective on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, Argus raised their target price on Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 1st. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $107.96.

Lam Research Trading Up 0.5%

NASDAQ:LRCX traded up $0.60 during trading hours on Friday, hitting $126.92. 24,270,137 shares of the company were exchanged, compared to its average volume of 9,983,844. The stock has a market capitalization of $160.05 billion, a price-to-earnings ratio of 30.51, a price-to-earnings-growth ratio of 1.63 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 one year low of $56.32 and a one year high of $128.70. The company has a fifty day simple moving average of $103.36 and a 200 day simple moving average of $88.33.

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

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. Lam Research's dividend payout ratio is 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.