Enterprise Bank & Trust Co Takes $257,000 Position in Lam Research Corporation $LRCX

Key Points

• Enterprise Bank & Trust Co has acquired a new stake in Lam Research Corporation, purchasing 2,640 shares valued at approximately $257,000.
• Lam Research reported a quarterly earnings per share (EPS) of $1.33, exceeding estimates, with revenues of $5.17 billion for the quarter, marking a 33.6% year-over-year increase.
• The company has declared a quarterly dividend of $0.26 per share, an increase from the previous $0.23, reflecting a 0.9% yield based on its annualized payout.

Enterprise Bank & Trust Co purchased a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,640 shares of the semiconductor company's stock, valued at approximately $257,000.

Other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Lam Research by 6,383.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company's stock valued at $980,500,000 after acquiring an additional 13,365,317 shares during the last quarter. Vanguard Group Inc. boosted its holdings 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 valued at $9,389,358,000 after acquiring an additional 8,364,375 shares in the last quarter. Nuveen LLC purchased a new position in shares of Lam Research during the 1st quarter worth approximately $604,344,000. Two Sigma Advisers LP grew its stake in shares of Lam Research by 1,036.4% during the 4th quarter. Two Sigma Advisers LP now owns 3,885,300 shares of the semiconductor company's stock worth $280,635,000 after purchasing an additional 3,543,400 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Lam Research by 99.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company's stock valued at $417,242,000 after buying an additional 2,864,863 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LRCX shares. Cantor Fitzgerald lifted their target price on shares of Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Wells Fargo & Company set a $98.00 price target on shares of Lam Research and gave the company an "equal weight" rating in a report on Thursday, July 31st. Summit Insights downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Citigroup lifted their price target on shares of Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Finally, TD Cowen raised their target price on shares of Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $107.96.

Lam Research Stock Performance

Shares of LRCX traded up $1.38 during mid-day trading on Friday, hitting $116.96. The stock had a trading volume of 11,054,667 shares, compared to its average volume of 10,348,514. The company's fifty day simple moving average is $101.07 and its two-hundred day simple moving average is $86.80. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $117.50. The company has a market cap of $148.03 billion, a PE ratio of 28.12, a PEG ratio of 1.50 and a beta of 1.76.

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 analysts' consensus estimates of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The company's revenue for the quarter was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. Lam Research's dividend payout ratio (DPR) is 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.