Lam Research Corporation $LRCX Shares Purchased by Security National Bank of Sioux City Iowa IA

Key Points

• Security National Bank of Sioux City Iowa increased its holdings in Lam Research Corporation by 60.3%, owning 11,716 shares valued at approximately $852,000 as of the last quarter.
• The stock has a consensus rating of "Moderate Buy" from analysts, with a target price increase from several institutions, including Goldman Sachs and TD Cowen, indicating bullish sentiment on the stock.
• Lam Research announced a quarterly dividend increase from $0.23 to $0.26 per share, with a dividend yield of 1.0% and a payout ratio of 22.12%.

Security National Bank of Sioux City Iowa IA raised its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 60.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,716 shares of the semiconductor company's stock after acquiring an additional 4,409 shares during the period. Security National Bank of Sioux City Iowa IA's holdings in Lam Research were worth $852,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Brighton Jones LLC grew its holdings in Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after buying an additional 12,936 shares in the last quarter. Algert Global LLC raised its stake in Lam Research by 373.9% during the fourth quarter. Algert Global LLC now owns 3,289 shares of the semiconductor company's stock worth $238,000 after purchasing an additional 2,595 shares during the period. CoreCap Advisors LLC acquired a new position in Lam Research in the 4th quarter valued at about $150,000. Graham Capital Management L.P. grew its stake in shares of Lam Research by 15.0% in the 4th quarter. Graham Capital Management L.P. now owns 12,168 shares of the semiconductor company's stock valued at $879,000 after buying an additional 1,586 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC increased its holdings in shares of Lam Research by 833.1% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 27,321 shares of the semiconductor company's stock worth $1,973,000 after buying an additional 24,393 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. The Goldman Sachs Group assumed coverage on Lam Research in a report on Thursday, July 10th. They issued a "buy" rating and a $115.00 price objective on the stock. Argus upped their price target on Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Erste Group Bank initiated coverage on Lam Research in a report on Thursday, August 14th. They set a "buy" rating for the company. TD Cowen boosted their price objective on shares of Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Citigroup increased their target price on shares of Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $107.52.

Lam Research Stock Up 0.5%

Shares of NASDAQ:LRCX opened at $105.57 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The firm has a market capitalization of $133.61 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 1.35 and a beta of 1.76. The firm's 50-day moving average is $100.20 and its two-hundred day moving average is $86.06. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $108.02.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced 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. The firm had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business's quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently disclosed 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 is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend payout ratio is currently 22.12%.

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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