Ethic Inc. Grows Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Ethic Inc. increased its stake in Lam Research Corporation by 2.0%, owning 187,307 shares valued at $18.2 million.
• Lam Research's stock has seen various price ratings adjustments, with price targets increased by firms like B. Riley and Goldman Sachs, indicating a positive outlook on its performance.
• The company recently paid a quarterly dividend of $0.26, reflecting a positive growth as it raised its dividend from $0.23, showcasing a commitment to returning value to shareholders.

Ethic Inc. boosted its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 2.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 187,307 shares of the semiconductor company's stock after buying an additional 3,617 shares during the period. Ethic Inc.'s holdings in Lam Research were worth $18,206,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LRCX. BankPlus Wealth Management LLC boosted its position in Lam Research by 2.0% in the 2nd quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company's stock valued at $511,000 after buying an additional 105 shares during the period. ORG Partners LLC increased its stake in shares of Lam Research by 7.3% during the second quarter. ORG Partners LLC now owns 1,676 shares of the semiconductor company's stock worth $162,000 after buying an additional 114 shares during the period. Quotient Wealth Partners LLC increased its stake in shares of Lam Research by 2.1% during the second quarter. Quotient Wealth Partners LLC now owns 5,437 shares of the semiconductor company's stock worth $529,000 after buying an additional 114 shares during the period. Fairvoy Private Wealth LLC raised its holdings in Lam Research by 3.0% in the second quarter. Fairvoy Private Wealth LLC now owns 4,185 shares of the semiconductor company's stock valued at $407,000 after acquiring an additional 120 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its stake in Lam Research by 16.0% in the second quarter. Rosenberg Matthew Hamilton now owns 869 shares of the semiconductor company's stock worth $85,000 after acquiring an additional 120 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. B. Riley lifted their price objective on shares of Lam Research from $160.00 to $175.00 and gave the company a "buy" rating in a research note on Monday. The Goldman Sachs Group raised their price objective on Lam Research from $115.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. Barclays set a $142.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a research note on Monday. Raymond James Financial increased their price target on shares of Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC lifted their price objective on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $128.04.

Lam Research Stock Up 0.0%

LRCX opened at $145.07 on Wednesday. The company has a market capitalization of $182.93 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 1.75 and a beta of 1.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $153.70. The business has a 50-day moving average of $120.69 and a 200-day moving average of $98.08.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its 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 for the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm's revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is 25.00%.

Insider Activity

In other news, SVP Vahid Vahedi sold 52,190 shares of the firm's stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the completion of the sale, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.31% of the company's stock.

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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