Lam Research Corporation $LRCX Shares Bought by Cypress Capital Group

Key Points

• Cypress Capital Group increased its holdings in Lam Research Corporation by 11.4%, owning 28,312 shares worth approximately $2.76 million after acquiring an additional 2,897 shares in the second quarter.
• Lam Research reported an earnings per share (EPS) of $1.33 for the last quarter, surpassing analysts' estimates by $0.12, and revealing a 33.6% year-over-year revenue growth.
• The company has announced an increase in its quarterly dividend from $0.23 to $0.26 per share, reflecting a commitment to returning value to shareholders.

Cypress Capital Group lifted its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 11.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,312 shares of the semiconductor company's stock after buying an additional 2,897 shares during the period. Cypress Capital Group's holdings in Lam Research were worth $2,756,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. REAP Financial Group LLC bought a new stake in Lam Research in the second quarter worth about $31,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Lam Research in the 1st quarter worth approximately $26,000. Hilltop National Bank acquired a new stake in Lam Research during the second quarter valued at approximately $38,000. Bruce G. Allen Investments LLC boosted its holdings in Lam Research by 207.3% during the second quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company's stock worth $41,000 after buying an additional 284 shares in the last quarter. Finally, 1 North Wealth Services LLC acquired a new position in Lam Research in the first quarter worth approximately $36,000. Institutional investors own 84.61% of the company's stock.

Lam Research Trading Down 6.8%

NASDAQ LRCX opened at $131.37 on Monday. 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 $153.70. The firm's fifty day simple moving average is $114.80 and its 200-day simple moving average is $94.73. The company has a market capitalization of $165.66 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 1.60 and a beta of 1.84.

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

Lam Research Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LRCX. TD Cowen raised their price objective on Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Hsbc Global Res raised Lam Research to a "hold" rating in a research report on Tuesday, September 30th. Oppenheimer increased their price target on Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Weiss Ratings reissued a "buy (b-)" rating on shares of Lam Research in a research report on Wednesday, October 8th. Finally, Citigroup upped their price target on Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, September 8th. 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $121.00.

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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