BridgePort Financial Solutions LLC purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,749 shares of the semiconductor company's stock, valued at approximately $268,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Smallwood Wealth Investment Management LLC purchased a new stake in Lam Research in the 1st quarter valued at about $26,000. Hilltop National Bank purchased a new stake in shares of Lam Research in the 2nd quarter valued at approximately $38,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Lam Research by 207.3% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 284 shares during the last quarter. 1 North Wealth Services LLC acquired a new stake in Lam Research in the 1st quarter valued at approximately $36,000. Finally, City Holding Co. increased its holdings in Lam Research by 81.8% in the 2nd quarter. City Holding Co. now owns 500 shares of the semiconductor company's stock valued at $49,000 after purchasing an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on LRCX shares. Raymond James Financial boosted their price objective on Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. B. Riley increased their price target on shares of Lam Research from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a report on Saturday. Mizuho upped their target price on shares of Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. Finally, KeyCorp increased 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. Twenty-three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $119.20.
Get Our Latest Research Report on Lam Research
Lam Research Trading Down 0.8%
Shares of Lam Research stock opened at $145.81 on Friday. The company has a market capitalization of $183.87 billion, a P/E ratio of 35.05, a PEG 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 $147.91. The company's fifty day moving average is $110.47 and its two-hundred day moving average is $92.37. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21.
Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating 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 the consensus estimate of $4.99 billion. During the same period in the prior year, the business earned $1.03 EPS. The firm's revenue was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.
Lam Research Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 0.7%. Lam Research's dividend payout ratio (DPR) is currently 25.00%.
About Lam Research
(
Free Report)
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.
Further Reading
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