Foster & Motley Inc. Acquires 15,859 Shares of Lam Research Corporation $LRCX

Key Points

• Foster & Motley Inc. significantly increased its stake in Lam Research by acquiring an additional 15,859 shares, bringing its total holdings to 29,917 shares valued at approximately $2.9 million.
• Lam Research has seen a positive shift in its stock ratings, with 23 analysts rating it as a Buy and a target price consensus of $125.08.
• The company recently raised its quarterly dividend from $0.23 to $0.26 per share, resulting in an annualized dividend yield of 0.7%.

Foster & Motley Inc. raised its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 112.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,917 shares of the semiconductor company's stock after acquiring an additional 15,859 shares during the period. Foster & Motley Inc.'s holdings in Lam Research were worth $2,912,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. BankPlus Wealth Management LLC grew its position in Lam Research by 2.0% during the second quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company's stock valued at $511,000 after acquiring an additional 105 shares during the last quarter. ORG Partners LLC grew its position in Lam Research by 7.3% during the second quarter. ORG Partners LLC now owns 1,676 shares of the semiconductor company's stock valued at $162,000 after acquiring an additional 114 shares during the last quarter. Fairvoy Private Wealth LLC grew its position in Lam Research by 3.0% during the second quarter. Fairvoy Private Wealth LLC now owns 4,185 shares of the semiconductor company's stock valued at $407,000 after acquiring an additional 120 shares during the last quarter. Rosenberg Matthew Hamilton grew its position in Lam Research by 16.0% during the second quarter. Rosenberg Matthew Hamilton now owns 869 shares of the semiconductor company's stock valued at $85,000 after acquiring an additional 120 shares during the last quarter. Finally, Abundance Wealth Counselors grew its position in Lam Research by 1.1% during the second quarter. Abundance Wealth Counselors now owns 11,537 shares of the semiconductor company's stock valued at $1,123,000 after acquiring an additional 124 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on LRCX. Barclays set a $83.00 target price on shares of Lam Research and gave the stock an "equal weight" rating in a report on Monday, July 28th. Wells Fargo & Company raised their target price on shares of Lam Research from $98.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, October 2nd. Hsbc Global Res upgraded shares of Lam Research to a "hold" rating in a report on Tuesday, September 30th. Morgan Stanley set a $125.00 target price on shares of Lam Research and gave the stock an "equal weight" rating in a report on Monday, September 22nd. Finally, Raymond James Financial raised their target price on shares of Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.08.

Lam Research Price Performance

NASDAQ LRCX opened at $141.51 on Friday. Lam Research Corporation has a one year low of $56.32 and a one year high of $153.70. The stock has a 50-day moving average of $119.06 and a 200 day moving average of $96.94. The company has a market capitalization of $178.45 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 1.72 and a beta of 1.84. 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 released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period last year, the company earned $1.03 EPS. Lam Research's revenue for the quarter was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts forecast that Lam Research Corporation will post 3.71 EPS for the current 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 paid a dividend of $0.26 per share. 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 dividend on an annualized basis and a dividend yield of 0.7%. Lam Research's dividend payout ratio is presently 25.00%.

Insider Buying and Selling

In other news, SVP Vahid Vahedi sold 52,190 shares of the company's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the sale, the senior vice president directly owned 251,047 shares of the company's stock, valued at $34,870,428.30. This represents a 17.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.31% of the company's stock.

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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