CX Institutional Has $3.31 Million Stock Position in Lam Research Corporation $LRCX

Key Points

• CX Institutional increased its stake in Lam Research Corporation by 8.9% to a total of 33,952 shares, amounting to a value of approximately $3.31 million as of the latest SEC filing.
• Lam Research has experienced positive stock performance with analysts raising their target prices; notable upgrades include a hike by Mizuho from $120.00 to $130.00, reflecting a consensus rating of "Moderate Buy."
• The company recently announced an increase in its quarterly dividend from $0.23 to $0.26 per share, representing a 0.8% dividend yield for shareholders.

CX Institutional raised its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,952 shares of the semiconductor company's stock after purchasing an additional 2,771 shares during the period. CX Institutional's holdings in Lam Research were worth $3,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in Lam Research by 8.5% in the second quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 220,493 shares of the semiconductor company's stock valued at $21,463,000 after buying an additional 17,234 shares during the period. Perigon Wealth Management LLC raised its position in shares of Lam Research by 1.7% during the 2nd quarter. Perigon Wealth Management LLC now owns 42,589 shares of the semiconductor company's stock valued at $4,146,000 after acquiring an additional 723 shares during the last quarter. Maridea Wealth Management LLC lifted its stake in shares of Lam Research by 316.8% in the 2nd quarter. Maridea Wealth Management LLC now owns 30,394 shares of the semiconductor company's stock valued at $2,959,000 after purchasing an additional 23,101 shares during the period. Kennicott Capital Management LLC bought a new position in shares of Lam Research in the 2nd quarter worth $234,000. Finally, Plancorp LLC acquired a new stake in shares of Lam Research during the second quarter worth $250,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on LRCX. Stifel Nicolaus raised their target price on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Cantor Fitzgerald lifted their price objective on shares of Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Mizuho upped their target price on shares of Lam Research from $120.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Citigroup increased their target price on shares of Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, September 8th. Finally, The Goldman Sachs Group assumed coverage on shares of Lam Research in a report on Thursday, July 10th. They issued a "buy" rating and a $115.00 price target for the company. Twenty equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $111.35.

Lam Research Stock Performance

Shares of LRCX opened at $128.13 on Friday. The firm has a market cap of $161.58 billion, a P/E ratio of 30.80, a PEG ratio of 1.62 and a beta of 1.76. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $133.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The firm's 50 day moving average price is $105.73 and its two-hundred day moving average price is $89.73.

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

Lam Research Increases Dividend

The company 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 dividend of $0.26 per share. This is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's payout ratio is currently 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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