First Merchants Corp Sells 24,692 Shares of Lam Research Corporation $LRCX

First Merchants Corp decreased its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 13.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 157,273 shares of the semiconductor company's stock after selling 24,692 shares during the quarter. First Merchants Corp's holdings in Lam Research were worth $15,309,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ignite Planners LLC grew its stake in shares of Lam Research by 32.8% during the 2nd quarter. Ignite Planners LLC now owns 5,169 shares of the semiconductor company's stock worth $520,000 after acquiring an additional 1,277 shares during the period. Abel Hall LLC bought a new position in shares of Lam Research during the 2nd quarter worth $249,000. REAP Financial Group LLC bought a new position in shares of Lam Research during the 2nd quarter worth $31,000. BankPlus Trust Department grew its stake in shares of Lam Research by 2.9% during the 2nd quarter. BankPlus Trust Department now owns 21,276 shares of the semiconductor company's stock worth $2,071,000 after acquiring an additional 592 shares during the period. Finally, Independent Solutions Wealth Management LLC grew its stake in shares of Lam Research by 18.7% during the 2nd quarter. Independent Solutions Wealth Management LLC now owns 6,593 shares of the semiconductor company's stock worth $642,000 after acquiring an additional 1,040 shares during the period. Institutional investors own 84.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LRCX shares. Citigroup raised their target price on Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. Argus raised their target price on Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Rothschild & Co Redburn raised their target price on Lam Research from $115.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, October 1st. Summit Insights downgraded Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, B. Riley raised their target price on Lam Research from $130.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and a consensus price target of $121.00.

Lam Research Stock Performance

Shares of LRCX opened at $142.54 on Thursday. The company has a market cap of $179.75 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 1.71 and a beta of 1.84. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average price of $113.18 and a 200-day moving average price of $93.66. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $153.70.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company's revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter last 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 analysts forecast 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. Investors 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 represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from Lam Research's previous quarterly dividend of $0.23. Lam Research's payout ratio is 25.00%.

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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