KPP Advisory Services LLC Raises Stock Position in Lam Research Corporation $LRCX

Key Points

• KPP Advisory Services LLC increased its stake in Lam Research Corporation ($LRCX) by 25.3% during Q2, acquiring an additional 3,072 shares, bringing its total holdings to 15,220 shares valued at approximately $1.48 million.
• Lam Research reported a quarterly earnings of $1.26 per share, exceeding analysts' expectations, alongside a revenue of $5.32 billion, marking a 27.7% increase year over year.
• The company announced a dividend increase from $0.23 to $0.26 per share, with a current dividend yield of 0.7% and a payout ratio of 25%.

KPP Advisory Services LLC raised its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 25.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,220 shares of the semiconductor company's stock after acquiring an additional 3,072 shares during the quarter. KPP Advisory Services LLC's holdings in Lam Research were worth $1,482,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LRCX. Smallwood Wealth Investment Management LLC bought a new stake in Lam Research during the 1st quarter valued at approximately $26,000. IMG Wealth Management Inc. purchased a new stake in Lam Research during the 2nd quarter valued at approximately $26,000. REAP Financial Group LLC bought a new stake in shares of Lam Research during the second quarter valued at approximately $31,000. 1 North Wealth Services LLC purchased a new position in shares of Lam Research in the first quarter worth $36,000. Finally, Rossby Financial LCC bought a new position in shares of Lam Research during the first quarter worth $37,000. Institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

NASDAQ:LRCX opened at $139.55 on Thursday. The firm has a market capitalization of $175.97 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 1.76 and a beta of 1.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The business has a 50 day simple moving average of $121.38 and a 200-day simple moving average of $98.38. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $153.70.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.04. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.Lam Research's quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Equities analysts forecast 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 was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were issued a $0.26 dividend. 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 annualized dividend and a dividend yield of 0.7%. Lam Research's dividend payout ratio (DPR) is 25.00%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Summit Insights cut shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Susquehanna lifted their target price on Lam Research from $135.00 to $200.00 and gave the stock a "positive" rating in a report on Thursday. Raymond James Financial increased their price target on Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Wells Fargo & Company raised their price target on Lam Research from $98.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday, October 2nd. Finally, Barclays set a $142.00 price target on Lam Research and gave the company an "equal weight" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $143.69.

Insider Activity at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the completion of the transaction, the senior vice president directly owned 251,047 shares of the company's stock, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.31% of the company's stock.

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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