Confluence Wealth Services Inc. Invests $220,000 in Lam Research Corporation $LRCX

Key Points

• Confluence Wealth Services Inc. has invested approximately $220,000 in Lam Research Corporation, acquiring 2,258 shares in the 2nd quarter.
• Lam Research has received multiple analyst upgrades, with price targets ranging from $115 to $140 and a consensus rating of "Moderate Buy."
• The company recently declared a quarterly dividend of $0.26 per share, an increase from the previous $0.23, reflecting strong financial performance and a dividend yield of 0.7%.

Confluence Wealth Services Inc. acquired a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 2,258 shares of the semiconductor company's stock, valued at approximately $220,000.

A number of other large investors have also bought and sold shares of LRCX. Smallwood Wealth Investment Management LLC acquired a new position in shares of Lam Research in the first quarter valued at approximately $26,000. 1 North Wealth Services LLC acquired a new position in Lam Research in the 1st quarter worth $36,000. Rossby Financial LCC bought a new position in Lam Research during the 1st quarter worth about $37,000. Saudi Central Bank bought a new position in Lam Research during the 1st quarter worth about $37,000. Finally, Hilltop National Bank acquired a new stake in shares of Lam Research in the 2nd quarter valued at about $38,000. 84.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of research reports. Rothschild & Co Redburn increased their price objective on Lam Research from $115.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, October 1st. The Goldman Sachs Group assumed coverage on shares of Lam Research in a research note on Thursday, July 10th. They set a "buy" rating and a $115.00 price target for the company. HSBC set a $127.00 price objective on shares of Lam Research and gave the company a "hold" rating in a report on Tuesday, September 30th. UBS Group raised their target price on shares of Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Summit Insights lowered shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Twenty-three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $119.20.

Lam Research Price Performance

Shares of LRCX opened at $149.15 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The company's fifty day simple moving average is $111.48 and its 200 day simple moving average is $92.99. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $153.70. The company has a market cap of $188.08 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 1.78 and a beta of 1.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. The company had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company's quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. 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. Lam Research's dividend payout ratio (DPR) is presently 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.

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