Lam Research Corporation $LRCX Shares Purchased by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management LLC increased its stake in Lam Research Corporation by 8.1%, now holding $3.23 million worth of shares after acquiring 2,478 additional shares.
• Lam Research's stock is currently priced at $131.37, reflecting a 6.8% decline, with a market capitalization of $165.66 billion.
• The company has announced a dividend increase to $0.26 per share, payable on October 15, a rise from the previous $0.23, resulting in an annual yield of 0.8%.

Apollon Wealth Management LLC increased its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,196 shares of the semiconductor company's stock after purchasing an additional 2,478 shares during the quarter. Apollon Wealth Management LLC's holdings in Lam Research were worth $3,231,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. REAP Financial Group LLC acquired a new position in Lam Research during the 2nd quarter worth $31,000. Smallwood Wealth Investment Management LLC acquired a new position in Lam Research during the 1st quarter worth $26,000. Hilltop National Bank acquired a new position in Lam Research during the 2nd quarter worth $38,000. Bruce G. Allen Investments LLC grew its stake in Lam Research by 207.3% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 284 shares in the last quarter. Finally, 1 North Wealth Services LLC acquired a new position in Lam Research during the 1st quarter worth $36,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Down 6.8%

Lam Research stock opened at $131.37 on Monday. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $153.70. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The company has a market capitalization of $165.66 billion, a P/E ratio of 31.58, a PEG ratio of 1.60 and a beta of 1.84. The stock has a 50-day simple moving average of $114.80 and a 200-day simple moving average of $94.73.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the previous year, the business earned $1.03 EPS. The business's quarterly revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities research analysts expect 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. Shareholders of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 annualized dividend and a yield of 0.8%. This is a boost from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio (DPR) is currently 25.00%.

Analyst Ratings Changes

LRCX has been the subject of several analyst reports. HSBC set a $127.00 target price on Lam Research and gave the stock a "hold" rating in a research note on Tuesday, September 30th. Stifel Nicolaus upped their price objective on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Needham & Company LLC upped their price objective on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Erste Group Bank assumed coverage on Lam Research in a research report on Thursday, August 14th. They set a "buy" rating for the company. Finally, Hsbc Global Res raised Lam Research to a "hold" rating in a research report on Tuesday, September 30th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and an average target price of $121.00.

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.

Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Corporation (NASDAQ:LRCX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.