Lam Research Corporation $LRCX Shares Acquired by Stiles Financial Services Inc

Key Points

• Stiles Financial Services Inc has increased its stake in Lam Research Corporation by 4.9%, holding 52,122 shares worth approximately $5.07 million, making Lam Research the fund's 7th largest position.
• Lam Research reported a quarterly earnings per share (EPS) of $1.33, exceeding estimates, with a net revenue of $5.17 billion for the quarter, reflecting a 33.6% year-over-year increase.
• The company recently announced an increase in its quarterly dividend from $0.23 to $0.26 per share, representing a dividend yield of 0.7% and a payout ratio of 25%.

Stiles Financial Services Inc raised its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,122 shares of the semiconductor company's stock after purchasing an additional 2,456 shares during the quarter. Lam Research accounts for about 1.8% of Stiles Financial Services Inc's portfolio, making the stock its 7th biggest position. Stiles Financial Services Inc's holdings in Lam Research were worth $5,074,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of LRCX. REAP Financial Group LLC purchased a new position in Lam Research during the 2nd quarter worth $31,000. Smallwood Wealth Investment Management LLC purchased a new position in Lam Research during the first quarter worth about $26,000. Hilltop National Bank bought a new stake in Lam Research in the 2nd quarter worth about $38,000. Bruce G. Allen Investments LLC increased its stake in Lam Research by 207.3% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company's stock valued at $41,000 after buying an additional 284 shares during the last quarter. Finally, 1 North Wealth Services LLC bought a new position in shares of Lam Research during the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on LRCX. UBS Group upped their target price on Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a report on Monday, July 21st. Hsbc Global Res upgraded Lam Research to a "hold" rating in a research note on Tuesday, September 30th. Summit Insights lowered Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Rothschild & Co Redburn boosted their price target on shares of Lam Research from $115.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, October 1st. Finally, Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a report on Saturday, October 4th. Twenty-three 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.com, Lam Research presently has an average rating of "Moderate Buy" and an average price target of $121.00.

Lam Research Price Performance

NASDAQ LRCX opened at $141.00 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The company has a market cap of $177.81 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 1.74 and a beta of 1.84. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $153.70. The firm's 50-day simple moving average is $114.10 and its two-hundred day simple moving average is $94.09.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. The company 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%. The company's quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given 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 dividend yield of 0.7%. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is currently 25.00%.

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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