Glenview Trust co Purchases Shares of 87,311 Lam Research Corporation $LRCX

Key Points

• Glenview Trust co has purchased 87,311 shares of Lam Research Corporation valued at approximately $6.35 million, indicating significant institutional investment in the semiconductor sector.
• Lam Research recently reported a quarterly earnings per share (EPS) of $1.33, surpassing analyst expectations, with revenues reaching $5.17 billion, a 33.6% increase year-over-year.
• The company has increased its quarterly dividend to $0.26 per share, marking a rise from the previous dividend of $0.23, reflecting strong financial performance.

Glenview Trust co purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 87,311 shares of the semiconductor company's stock, valued at approximately $6,348,000.

Other hedge funds have also made changes to their positions in the company. Smallwood Wealth Investment Management LLC purchased a new stake in Lam Research during the first quarter worth approximately $26,000. Mpwm Advisory Solutions LLC acquired a new stake in Lam Research during the fourth quarter worth approximately $27,000. Park Square Financial Group LLC acquired a new stake in Lam Research during the fourth quarter worth approximately $31,000. Putney Financial Group LLC purchased a new stake in shares of Lam Research during the 4th quarter worth approximately $36,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of Lam Research in the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of research reports. Morgan Stanley reissued an "underweight" rating and issued a $92.00 price target (down from $94.00) on shares of Lam Research in a research report on Tuesday, September 2nd. Raymond James Financial boosted their target price on Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. B. Riley restated a "buy" rating and set a $115.00 price target (up previously from $95.00) on shares of Lam Research in a research note on Wednesday, June 18th. Wall Street Zen raised Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Citigroup increased their price objective on Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a report on Monday. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $107.52.

Lam Research Trading Up 1.7%

NASDAQ:LRCX opened at $107.36 on Thursday. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $108.02. 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's 50 day simple moving average is $100.37 and its 200-day simple moving average is $86.21. The firm has a market cap of $135.88 billion, a P/E ratio of 25.81, a PEG ratio of 1.36 and a beta of 1.76.

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, beating analysts' consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion for 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%. Lam Research's quarterly revenue was up 33.6% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The company also recently declared 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. This is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend payout ratio is currently 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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