First Interstate Bank Makes New Investment in Lam Research Corporation $LRCX

Key Points

• First Interstate Bank has acquired a new stake in Lam Research Corporation, purchasing 2,367 shares valued at approximately $230,000.
• Lam Research reported earnings per share of $1.33 for its last quarter, exceeding analyst expectations of $1.21, with revenue of $5.17 billion.
• The company announced a dividend increase from $0.23 to $0.26 per share, reflecting a 0.7% yield and a payout ratio of 25%.

First Interstate Bank acquired a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,367 shares of the semiconductor company's stock, valued at approximately $230,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in Lam Research by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after purchasing an additional 8,364,375 shares during 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 increased its stake 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 valued at $417,242,000 after acquiring an additional 2,864,863 shares during the period. Nordea Investment Management AB increased its stake in Lam Research by 34.1% during the second quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company's stock valued at $1,029,210,000 after acquiring an additional 2,692,189 shares during the period. Finally, Boston Partners raised its holdings in Lam Research by 9,978.3% in the 1st quarter. Boston Partners now owns 2,350,362 shares of the semiconductor company's stock valued at $170,787,000 after acquiring an additional 2,327,041 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

NASDAQ:LRCX opened at $141.51 on Monday. The firm has a market cap of $178.45 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 1.72 and a beta of 1.84. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $153.70. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The company's 50-day moving average price is $119.06 and its two-hundred day moving average price is $97.16.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company's revenue was up 33.6% on a year-over-year basis. During the same quarter last year, the business posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities analysts anticipate 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. Investors of record on Wednesday, September 24th were given a $0.26 dividend. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, September 24th. This represents a $1.04 annualized dividend and a yield of 0.7%. Lam Research's dividend payout ratio is presently 25.00%.

Insider Transactions at Lam Research

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction on Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the transaction, the senior vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Barclays set a $83.00 price objective on Lam Research and gave the company an "equal weight" rating in a research report on Monday, July 28th. Erste Group Bank initiated coverage on shares of Lam Research in a report on Thursday, August 14th. They issued a "buy" rating on the stock. Raymond James Financial upped their target price on shares of Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Summit Insights cut shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, UBS Group lifted their price objective on Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a report on Monday, July 21st. Twenty-three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $125.08.

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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