Country Club Bank Purchases Shares of 2,540 Lam Research Corporation $LRCX

Key Points

• Country Club Bank acquired 2,540 shares of Lam Research Corporation, valued at approximately $247,000, indicating growing institutional interest in the semiconductor company.
• Lam Research has received multiple analyst upgrades, with some projecting significant increases in price targets, reflecting a generally positive market outlook.
• The company recently declared a quarterly dividend increase from $0.23 to $0.26 per share, showcasing its commitment to returning value to shareholders.

Country Club Bank purchased a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,540 shares of the semiconductor company's stock, valued at approximately $247,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Smallwood Wealth Investment Management LLC purchased a new position in shares of Lam Research during the first quarter valued at approximately $26,000. Hilltop National Bank purchased a new position in shares of Lam Research during the second quarter valued at approximately $38,000. Bruce G. Allen Investments LLC lifted its stake in shares of Lam Research by 207.3% during the second quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company's stock valued at $41,000 after buying an additional 284 shares during the period. 1 North Wealth Services LLC purchased a new position in shares of Lam Research during the first quarter valued at approximately $36,000. Finally, City Holding Co. lifted its stake in shares of Lam Research by 81.8% during the second quarter. City Holding Co. now owns 500 shares of the semiconductor company's stock valued at $49,000 after buying an additional 225 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. B. Riley upped their price objective on shares of Lam Research from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Needham & Company LLC increased their price target on shares of Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Summit Insights downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Rothschild & Co Redburn increased their price target on shares of Lam Research from $115.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, October 1st. Finally, Erste Group Bank assumed coverage on shares of Lam Research in a research note on Thursday, August 14th. They set a "buy" rating on the stock. Twenty-three investment 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, Lam Research currently has a consensus rating of "Moderate Buy" and an average target price of $121.00.

Lam Research Price Performance

LRCX opened at $142.54 on Thursday. The company has a fifty day simple moving average of $113.18 and a 200 day simple moving average of $93.66. The firm has a market cap of $179.75 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 1.71 and a beta of 1.84. Lam Research Corporation has a twelve month low of $56.32 and a twelve month 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 released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share 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 net margin of 29.07% and a return on equity of 58.17%. The business's revenue was up 33.6% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities research analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 yield of 0.7%. 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. Lam Research's dividend payout ratio (DPR) is 25.00%.

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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