4,856 Shares in Lam Research Corporation $LRCX Bought by Lewis Asset Management LLC

Key Points

• Lewis Asset Management LLC acquired 4,856 shares of Lam Research Corporation valued at approximately $473,000, marking a new position in the semiconductor firm.
• A range of institutional investors, including Vanguard Group and Price T Rowe Associates, have significantly increased their stakes in Lam Research, with institutional ownership currently at 84.61%.
• Lam Research recently increased its quarterly dividend to $0.26 per share from the previous $0.23, indicating a boost in shareholder returns.

Lewis Asset Management LLC acquired a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,856 shares of the semiconductor company's stock, valued at approximately $473,000.

A number of other institutional investors and hedge funds have also modified their holdings of LRCX. Brighton Jones LLC increased its position in Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after acquiring an additional 12,936 shares during the period. Waverly Advisors LLC lifted its position in Lam Research by 1,190.6% during the 4th quarter. Waverly Advisors LLC now owns 7,253 shares of the semiconductor company's stock worth $524,000 after buying an additional 6,691 shares in the last quarter. Toronto Dominion Bank lifted its position in Lam Research by 612.6% during the 4th quarter. Toronto Dominion Bank now owns 510,174 shares of the semiconductor company's stock worth $36,849,000 after buying an additional 438,576 shares in the last quarter. Forum Financial Management LP lifted its position in Lam Research by 1,658.8% during the 4th quarter. Forum Financial Management LP now owns 5,417 shares of the semiconductor company's stock valued at $391,000 after purchasing an additional 5,109 shares during the period. Finally, Mackenzie Financial Corp increased its stake in shares of Lam Research by 932.6% in the 4th quarter. Mackenzie Financial Corp now owns 2,347,536 shares of the semiconductor company's stock valued at $169,563,000 after acquiring an additional 2,120,197 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LRCX. Citigroup raised their price target on Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a report on Monday, September 8th. 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 report on Friday, August 1st. B. Riley restated a "buy" rating and set a $115.00 price objective (up from $95.00) on shares of Lam Research in a research note on Wednesday, June 18th. TD Cowen lifted their price objective on Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, KeyCorp boosted their target price on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Twenty investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $109.39.

Lam Research Stock Performance

LRCX traded up $5.28 on Monday, reaching $132.20. 13,385,530 shares of the stock were exchanged, compared to its average volume of 10,712,953. The firm has a market capitalization of $166.71 billion, a PE ratio of 31.78, a PEG ratio of 1.63 and a beta of 1.76. The company's 50-day moving average price is $104.01 and its 200 day moving average price is $88.78. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $132.63.

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, beating analysts' consensus estimates of $1.21 by $0.12. The business had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business's revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, sell-side analysts forecast that Lam Research Corporation will post 3.71 EPS 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. 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 0.8%. The ex-dividend date is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. Lam Research's payout ratio is currently 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.