Lam Research Corporation $LRCX Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 9.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,067 shares of the semiconductor company's stock after purchasing an additional 5,052 shares during the period. Park Avenue Securities LLC's holdings in Lam Research were worth $5,944,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LRCX. Brighton Jones LLC lifted its stake in shares of Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after buying an additional 12,936 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of Lam Research by 612.6% in the fourth quarter. Toronto Dominion Bank now owns 510,174 shares of the semiconductor company's stock worth $36,849,000 after buying an additional 438,576 shares during the last quarter. Forum Financial Management LP lifted its stake in shares of Lam Research by 1,658.8% in the fourth quarter. Forum Financial Management LP now owns 5,417 shares of the semiconductor company's stock worth $391,000 after buying an additional 5,109 shares during the last quarter. Putney Financial Group LLC acquired a new stake in shares of Lam Research in the fourth quarter worth $36,000. Finally, Integrated Advisors Network LLC lifted its stake in shares of Lam Research by 81.3% in the fourth quarter. Integrated Advisors Network LLC now owns 11,932 shares of the semiconductor company's stock worth $862,000 after buying an additional 5,350 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Performance

NASDAQ:LRCX opened at $132.20 on Tuesday. The stock has a market cap of $166.71 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 1.63 and a beta of 1.76. 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 moving average is $104.01 and its 200-day moving average is $88.78. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $132.63.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion for the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business's quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be paid a $0.26 dividend. This is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's payout ratio is presently 22.12%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of a number of analyst reports. Wall Street Zen cut shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Saturday. Cantor Fitzgerald upped their target price on shares of Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Argus upped their target price on shares of Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 1st. KeyCorp upped their target price on shares of Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, Erste Group Bank assumed coverage on shares of Lam Research in a research note on Thursday, August 14th. They set a "buy" rating for the company. Twenty investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Lam Research currently has an average rating of "Moderate Buy" and an average target price of $109.39.

Lam Research 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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