Defined Financial Planning LLC Purchases New Position in Lam Research Corporation $LRCX

Key Points

• Defined Financial Planning LLC has acquired a new stake in Lam Research Corporation, purchasing 2,231 shares valued at approximately $225,000 during the second quarter.
• Several analysts have raised their price targets for Lam Research, with notable upgrades from Wells Fargo and Deutsche Bank, indicating a positive shift in market sentiment.
• Lam Research has declared an increase in its quarterly dividend from $0.23 to $0.26 per share, demonstrating a commitment to returning value to shareholders.

Defined Financial Planning LLC acquired a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,231 shares of the semiconductor company's stock, valued at approximately $225,000.

Other hedge funds also recently bought and sold shares of the company. Country Club Bank bought a new position in shares of Lam Research during the second quarter worth $247,000. Capital Advisors Inc. OK raised its stake in Lam Research by 0.7% during the 2nd quarter. Capital Advisors Inc. OK now owns 30,134 shares of the semiconductor company's stock worth $2,933,000 after buying an additional 207 shares during the period. Confluence Wealth Services Inc. bought a new position in Lam Research during the second quarter worth about $220,000. Eads & Heald Wealth Management grew its stake in Lam Research by 3.5% in the second quarter. Eads & Heald Wealth Management now owns 24,128 shares of the semiconductor company's stock valued at $2,349,000 after acquiring an additional 814 shares during the period. Finally, Sendero Wealth Management LLC increased its holdings in shares of Lam Research by 14.3% in the second quarter. Sendero Wealth Management LLC now owns 4,335 shares of the semiconductor company's stock worth $422,000 after acquiring an additional 543 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Lam Research from $98.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft raised shares of Lam Research from a "hold" rating to a "buy" rating and lifted their price target for the company from $100.00 to $150.00 in a research note on Monday, September 29th. Morgan Stanley set a $125.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a research report on Monday, September 22nd. Summit Insights cut shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group assumed coverage on Lam Research in a report on Thursday, July 10th. They set a "buy" rating and a $115.00 target price for the company. Twenty-three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $119.20.

Lam Research Stock Up 2.3%

Shares of LRCX stock opened at $149.15 on Tuesday. The firm's fifty day moving average price is $111.48 and its two-hundred day moving average price is $92.99. 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 Corporation has a 1 year low of $56.32 and a 1 year high of $153.70. The firm has a market capitalization of $188.08 billion, a P/E 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 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion during 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%.Lam Research's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business 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 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 annualized dividend and a dividend yield of 0.7%. Lam Research's payout ratio is presently 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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