Glass Wealth Management Co LLC Increases Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Glass Wealth Management Co LLC increased its stake in Lam Research Corporation by 8.5% during the second quarter, owning 28,870 shares now valued at approximately $2.81 million.
• Lam Research recently reported a 33.6% year-over-year revenue growth for the quarter with earnings per share of $1.33, surpassing analysts' expectations.
• The company announced a quarterly dividend increase to $0.26 per share and has established a dividend payout ratio of 25%.

Glass Wealth Management Co LLC increased its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,870 shares of the semiconductor company's stock after acquiring an additional 2,270 shares during the quarter. Lam Research makes up about 1.5% of Glass Wealth Management Co LLC's portfolio, making the stock its 22nd biggest holding. Glass Wealth Management Co LLC's holdings in Lam Research were worth $2,810,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Merit Financial Group LLC increased its stake in shares of Lam Research by 41.1% during the second quarter. Merit Financial Group LLC now owns 36,004 shares of the semiconductor company's stock worth $3,505,000 after purchasing an additional 10,495 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in Lam Research in the 2nd quarter worth about $6,066,000. Highland Capital Management LLC purchased a new stake in Lam Research during the 2nd quarter worth approximately $217,000. Berger Financial Group Inc acquired a new position in shares of Lam Research during the second quarter valued at approximately $222,000. Finally, BridgePort Financial Solutions LLC purchased a new position in shares of Lam Research in the second quarter valued at approximately $268,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Down 0.8%

Lam Research stock opened at $145.81 on Monday. The firm has a market capitalization of $183.87 billion, a P/E ratio of 35.05, a P/E/G ratio of 1.78 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. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $147.91. The stock's fifty day simple moving average is $110.47 and its 200-day simple moving average is $92.48.

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. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same period in the previous year, the firm posted $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. As a group, equities 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.7%. This is a positive change from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend payout ratio is 25.00%.

Analysts Set New Price Targets

Several research firms have recently weighed in on LRCX. Argus raised their price target on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Hsbc Global Res raised shares of Lam Research to a "hold" rating in a research note on Tuesday, September 30th. HSBC set a $127.00 price target on Lam Research and gave the company a "hold" rating in a research report on Tuesday, September 30th. Citigroup increased their price target on Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a report on Monday, September 8th. Finally, Erste Group Bank started coverage on Lam Research in a research note on Thursday, August 14th. They set a "buy" rating on the stock. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $119.20.

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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