Berger Financial Group Inc Invests $222,000 in Lam Research Corporation $LRCX

Key Points

• Berger Financial Group Inc. has invested $222,000 in Lam Research Corporation, acquiring 2,276 shares in the semiconductor company.
• Several institutional investors, including Vanguard Group and Goldman Sachs, have increased their stakes in Lam Research, leading to institutional ownership of 84.61% in the company.
• Lam Research has recently raised its quarterly dividend from $0.23 to $0.26, reflecting the company's strong performance with a net margin of 29.07% and a year-over-year revenue growth of 33.6%.

Berger Financial Group Inc acquired a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,276 shares of the semiconductor company's stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LRCX. Vanguard Group Inc. lifted its stake in shares of Lam Research by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock valued at $9,389,358,000 after buying an additional 8,364,375 shares in the last quarter. Invesco Ltd. lifted its position in shares of Lam Research by 2.8% during the first quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock worth $1,259,947,000 after acquiring an additional 472,636 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of 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 acquiring an additional 1,953,221 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of 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 valued at $647,067,000 after purchasing an additional 418,077 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Lam Research during the 1st quarter valued at $604,344,000. Institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on LRCX. Rothschild & Co Redburn raised their target price on Lam Research from $115.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, October 1st. Wall Street Zen raised shares of Lam Research from a "hold" rating to a "buy" rating in a research note on Saturday. Erste Group Bank assumed coverage on shares of Lam Research in a report on Thursday, August 14th. They set a "buy" rating on the stock. Argus raised their price target on shares of Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Citigroup boosted their price target on shares of Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Twenty-three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $119.20.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $149.15 on Tuesday. The stock's 50-day moving average is $111.48 and its 200 day moving average is $92.99. The stock has a market cap of $188.08 billion, a price-to-earnings ratio of 35.85, a P/E/G ratio of 1.78 and a beta of 1.84. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $153.70. 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 issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.Lam Research's revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 24th. This is a boost from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is 25.00%.

About Lam Research

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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