Lam Research Corporation $LRCX Shares Bought by Taylor Hoffman Capital Management LLC

Taylor Hoffman Capital Management LLC grew its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 2.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,945 shares of the semiconductor company's stock after buying an additional 2,175 shares during the quarter. Lam Research accounts for about 3.2% of Taylor Hoffman Capital Management LLC's portfolio, making the stock its 5th largest holding. Taylor Hoffman Capital Management LLC's holdings in Lam Research were worth $9,242,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Lam Research by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock valued at $9,389,358,000 after buying an additional 8,364,375 shares in the last quarter. Invesco Ltd. raised its position in shares of Lam Research by 2.8% in the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock valued at $1,259,947,000 after buying an additional 472,636 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Lam Research by 6,383.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company's stock valued at $980,500,000 after buying an additional 13,365,317 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Lam Research by 25.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock worth $693,319,000 after purchasing an additional 1,953,221 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Lam Research by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company's stock worth $647,067,000 after purchasing an additional 418,077 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LRCX shares. Stifel Nicolaus upped their price objective on shares of Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. B. Riley reiterated a "buy" rating and set a $115.00 price objective (up from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. Morgan Stanley reiterated an "underweight" rating and set a $92.00 price objective (down from $94.00) on shares of Lam Research in a research report on Tuesday, September 2nd. Barclays set a $83.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Lam Research has a consensus rating of "Moderate Buy" and a consensus target price of $107.96.

Lam Research Stock Up 1.1%

Lam Research stock opened at $120.47 on Wednesday. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $120.97. The firm has a market capitalization of $151.92 billion, a price-to-earnings ratio of 28.96, a price-to-earnings-growth ratio of 1.53 and a beta of 1.76. The firm's fifty day moving average price is $101.91 and its two-hundred day moving average price is $87.33. 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 (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period last year, the firm earned $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. On average, equities research analysts predict 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. Shareholders of record on Wednesday, September 24th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's payout ratio is 22.12%.

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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