Foster Group Inc. Makes New $210,000 Investment in Lam Research Corporation $LRCX

Key Points

• Foster Group Inc. recently acquired 2,158 shares of Lam Research Corporation for approximately $210,000, marking a new investment during the second quarter.
• Analysts have increased price targets for Lam Research, with KeyCorp setting it at $115.00 and UBS Group raising it to $120.00, reflecting positive sentiment towards the stock.
• Lam Research announced a quarterly dividend increase to $0.26, with the ex-dividend date set for September 24th, boosting its annualized yield to 0.8%.

Foster Group Inc. bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,158 shares of the semiconductor company's stock, valued at approximately $210,000.

Other hedge funds have also made changes to their positions in the company. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Lam Research during the first quarter worth about $26,000. Bruce G. Allen Investments LLC boosted its stake in shares of Lam Research by 207.3% during the second quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company's stock worth $41,000 after buying an additional 284 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of Lam Research during the fourth quarter worth about $31,000. Putney Financial Group LLC acquired a new stake in Lam Research in the fourth quarter valued at about $36,000. Finally, 1 North Wealth Services LLC acquired a new stake in Lam Research in the first quarter valued at about $36,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LRCX shares. KeyCorp raised their price objective on shares of Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Erste Group Bank started coverage on shares of Lam Research in a research report on Thursday, August 14th. They issued a "buy" rating for the company. Wells Fargo & Company set a $98.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a research report on Thursday, July 31st. UBS Group raised their price objective on shares of Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, The Goldman Sachs Group began coverage on shares of Lam Research in a research report on Thursday, July 10th. They issued a "buy" rating and a $115.00 price objective for the company. Twenty research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus target price of $109.39.

Lam Research Stock Up 4.2%

LRCX stock opened at $132.20 on Tuesday. The stock has a market capitalization of $166.71 billion, a P/E ratio of 31.78, a PEG ratio of 1.63 and a beta of 1.76. 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 Corporation has a one year low of $56.32 and a one year high of $132.63. The company has a 50 day moving average price of $104.01 and a two-hundred day moving average price of $88.78.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.21 by $0.12. The firm 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%. Lam Research's revenue for the quarter was up 33.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 24th. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is presently 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.

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