Affinity Capital Advisors LLC Invests $244,000 in Lam Research Corporation $LRCX

Key Points

• Affinity Capital Advisors LLC invested approximately $244,000 in Lam Research Corporation by acquiring 2,506 shares during the 2nd quarter.
• The company recently increased its quarterly dividend from $0.23 to $0.26, representing a 0.9% annual dividend yield.
• Lam Research has received multiple analyst upgrades with target prices ranging from $115.00 to $130.00, indicating a consensus rating of "Moderate Buy".

Affinity Capital Advisors LLC purchased a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,506 shares of the semiconductor company's stock, valued at approximately $244,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC grew its stake in Lam Research by 10.5% in the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock valued at $13,629,000 after acquiring an additional 17,833 shares during the period. Pinnacle Financial Partners Inc bought a new stake in shares of Lam Research in the first quarter worth about $201,000. Cookson Peirce & Co. Inc. bought a new stake in shares of Lam Research in the first quarter worth about $607,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Lam Research in the fourth quarter worth about $6,296,000. Finally, China Universal Asset Management Co. Ltd. raised its holdings in Lam Research by 27.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock worth $3,607,000 after buying an additional 10,565 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LRCX has been the topic of several research analyst reports. KeyCorp raised their target price on shares of Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Oppenheimer raised their target price 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. Mizuho raised their target price on shares of Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Morgan Stanley restated an "underweight" rating and issued a $92.00 price target (down from $94.00) on shares of Lam Research in a report on Tuesday, September 2nd. Finally, Cantor Fitzgerald increased their price objective on Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.96.

Lam Research Stock Performance

LRCX opened at $120.47 on Wednesday. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $120.97. The stock has a market cap of $151.92 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 1.53 and a beta of 1.76. The business has a 50 day moving average of $101.91 and a 200-day moving average of $87.33. The company has a quick ratio of 1.55, a current ratio of 2.21 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 return on equity of 58.17% and a net margin of 29.07%.The company had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same period last year, the firm posted $1.03 earnings per share. The business's 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. On average, equities research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current 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. The ex-dividend date of this dividend is Wednesday, September 24th. This is a positive change 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 0.9%. Lam Research's payout ratio is 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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