Farmers Trust Co. Invests $4.24 Million in Lam Research Corporation $LRCX

Key Points

• Farmers Trust Co. invested approximately $4.24 million in Lam Research Corporation, acquiring 43,574 shares during the second quarter.
• Several institutional investors have increased their stakes in Lam Research, with 84.61% of the stock now owned by such investors.
• Lam Research recently announced a quarterly dividend increase to $0.26 per share, representing a 0.8% dividend yield.

Farmers Trust Co. acquired a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 43,574 shares of the semiconductor company's stock, valued at approximately $4,241,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Lam Research by 6.9% during the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after buying an additional 8,364,375 shares in the last quarter. Nuveen LLC acquired a new stake in Lam Research during the first quarter worth about $604,344,000. Price T Rowe Associates Inc. MD grew its position in Lam Research by 99.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company's stock worth $417,242,000 after buying an additional 2,864,863 shares in the last quarter. Boston Partners grew its position in Lam Research by 9,978.3% during the first quarter. Boston Partners now owns 2,350,362 shares of the semiconductor company's stock worth $170,787,000 after buying an additional 2,327,041 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Lam Research by 8,736.4% during the first quarter. GAMMA Investing LLC now owns 2,137,962 shares of the semiconductor company's stock worth $155,430,000 after buying an additional 2,113,767 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LRCX shares. Erste Group Bank started coverage on Lam Research in a research report on Thursday, August 14th. They set a "buy" rating on the stock. B. Riley reissued a "buy" rating and set a $115.00 target price (up from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. KeyCorp lifted their target price on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Barclays set a $83.00 price objective on Lam Research and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, Stifel Nicolaus lifted their price objective on Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Twenty research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Lam Research has an average rating of "Moderate Buy" and an average target price of $109.39.

Lam Research Stock Performance

Shares of Lam Research stock opened at $132.20 on Tuesday. The firm has a fifty day moving average of $104.01 and a two-hundred day moving average of $88.78. The stock has a market capitalization of $166.71 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 1.63 and a beta of 1.76. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $132.63. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS 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 net margin of 29.07% and a return on equity of 58.17%. The business's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities research analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The firm also recently announced 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 represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is 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 presently 22.12%.

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.

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