Lam Research Corporation $LRCX Shares Bought by CX Institutional

Key Points

• CX Institutional increased its holdings in Lam Research by 8.9% during Q2, owning 33,952 shares valued at approximately $3.3 million.
• Lam Research reported earnings of $1.33 per share for the last quarter, exceeding estimates, while also announcing a dividend increase to $0.26 per share.
• Analysts maintain a Moderate Buy rating on Lam Research, with an average target price of $107.96, reflecting positive sentiment among 20 analysts.

CX Institutional grew its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,952 shares of the semiconductor company's stock after purchasing an additional 2,771 shares during the period. CX Institutional's holdings in Lam Research were worth $3,305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of LRCX. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Lam Research in the 1st quarter worth about $26,000. Bruce G. Allen Investments LLC increased its holdings in shares of Lam Research by 207.3% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 284 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of Lam Research in the 4th quarter worth about $31,000. Putney Financial Group LLC acquired a new stake in shares of Lam Research in the 4th quarter worth about $36,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Lam Research in the 1st quarter worth about $36,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Trading Up 0.5%

Shares of Lam Research stock opened at $126.92 on Friday. The company's fifty day simple moving average is $103.36 and its 200-day simple moving average is $88.33. The company has a market cap of $160.05 billion, a price-to-earnings ratio of 30.51, a PEG 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. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $128.70.

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 for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business's revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, September 24th. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is presently 25.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Raymond James Financial increased their target price on shares of Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Cantor Fitzgerald raised their price objective on shares of Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Oppenheimer raised their price objective on shares of Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. KeyCorp raised their price objective on shares of Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley restated an "underweight" rating and set a $92.00 price objective (down previously from $94.00) on shares of Lam Research in a research report on Tuesday, September 2nd. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and an average target price of $107.96.

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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