35,749 Shares in Lam Research Corporation $LRCX Purchased by First Financial Bankshares Inc

Key Points

• First Financial Bankshares Inc has acquired a new position in Lam Research Corporation, purchasing 35,749 shares valued at approximately $2.6 million.
• Lam Research has seen significant support from hedge funds, with several firms increasing their stakes by over 1,000% in the last quarter.
• The company reported a 33.6% increase in revenue year-over-year and plans to increase its quarterly dividend to $0.26 per share, up from $0.23.

First Financial Bankshares Inc purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 35,749 shares of the semiconductor company's stock, valued at approximately $2,599,000.

A number of other institutional investors also recently bought and sold shares of the stock. Pinnacle Financial Partners Inc purchased a new position in Lam Research during the 1st quarter valued at about $201,000. B. Riley Wealth Advisors Inc. purchased a new stake in Lam Research during the 4th quarter valued at about $6,296,000. China Universal Asset Management Co. Ltd. boosted its stake in shares of Lam Research by 27.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock worth $3,607,000 after buying an additional 10,565 shares during the last quarter. Cookson Peirce & Co. Inc. purchased a new stake in shares of Lam Research in the first quarter worth about $607,000. Finally, First Citizens Bank & Trust Co. boosted its position in Lam Research by 47.8% during the first quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock worth $8,862,000 after purchasing an additional 39,414 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Mizuho raised their price target on shares of Lam Research from $115.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Argus raised their target price on Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Wall Street Zen upgraded Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Morgan Stanley restated an "underweight" rating and set a $92.00 target price (down from $94.00) on shares of Lam Research in a report on Tuesday. Finally, Erste Group Bank initiated coverage on Lam Research in a research report on Thursday, August 14th. They set a "buy" rating on the stock. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and an average price target of $107.22.

Lam Research Stock Up 2.5%

Lam Research stock traded up $2.53 during midday trading on Friday, reaching $102.95. The company's stock had a trading volume of 7,790,179 shares, compared to its average volume of 11,902,819. The business has a 50-day simple moving average of $99.75 and a 200-day simple moving average of $85.72. The company has a market cap of $130.30 billion, a P/E ratio of 24.75, a P/E/G ratio of 1.26 and a beta of 1.76. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $108.02. 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 (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. Lam Research's dividend payout ratio is 22.12%.

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.