Cyndeo Wealth Partners LLC Invests $295,000 in Lam Research Corporation $LRCX

Key Points

• Cyndeo Wealth Partners LLC invested $295,000 in Lam Research Corporation (NASDAQ:LRCX), acquiring 3,034 shares during the second quarter.
• Lam Research reported a quarterly earnings per share (EPS) of $1.33, exceeding analysts' expectations of $1.21, and had a revenue of $5.17 billion, up 33.6% year-over-year.
• The company announced a quarterly dividend increase to $0.26 per share, which will be paid on October 15th, boosting the annualized yield to 0.8%.

Cyndeo Wealth Partners LLC purchased a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,034 shares of the semiconductor company's stock, valued at approximately $295,000.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Lam Research by 6.9% in the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after purchasing an additional 8,364,375 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Lam Research by 2.8% in the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock worth $1,259,947,000 after buying an additional 472,636 shares during the last quarter. Goldman Sachs Group Inc. grew 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. increased its position in Lam Research by 4.9% during 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 acquiring an additional 418,077 shares during the last quarter. Finally, Nuveen LLC bought a new position in Lam Research in the first quarter valued at about $604,344,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

NASDAQ:LRCX opened at $131.37 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The business's 50-day simple moving average is $114.80 and its two-hundred day simple moving average is $94.59. The stock has a market cap of $165.66 billion, a PE ratio of 31.58, a P/E/G ratio of 1.60 and a beta of 1.84. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $153.70.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $5.17 billion for the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business's quarterly revenue was up 33.6% on a year-over-year basis. During the same period last year, the firm earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, analysts forecast that Lam Research Corporation will post 3.71 EPS 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 issued a dividend of $0.26 per share. This is a boost from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's payout ratio is 25.00%.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of recent research reports. Rothschild & Co Redburn boosted their price target on Lam Research from $115.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, October 1st. Barclays set a $83.00 target price on shares of Lam Research and gave the company an "equal weight" rating in a research report on Monday, July 28th. Raymond James Financial increased their price target on shares of Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Wells Fargo & Company lifted their price target on shares of Lam Research from $98.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 2nd. Finally, Stifel Nicolaus upped their price objective on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $121.00.

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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