Lam Research Corporation $LRCX Stake Boosted by Fifth Third Wealth Advisors LLC

Key Points

• Fifth Third Wealth Advisors LLC increased its stake in Lam Research Corporation by 10.5%, owning 43,344 shares valued at approximately $4.2 million.
• Lam Research received multiple upgrades from analysts, with Deutsche Bank raising its price target from $100 to $150 and an average price target of $121 among twenty-three "buy" ratings.
• The company has declared a quarterly dividend increase, boosting it from $0.23 to $0.26 per share, representing an annualized yield of 0.8%.

Fifth Third Wealth Advisors LLC grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 10.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,344 shares of the semiconductor company's stock after purchasing an additional 4,120 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Lam Research were worth $4,219,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. REAP Financial Group LLC acquired a new position in shares of Lam Research during the second quarter worth approximately $31,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Lam Research during the first quarter worth approximately $26,000. Hilltop National Bank acquired a new position in shares of Lam Research during the second quarter worth approximately $38,000. Bruce G. Allen Investments LLC boosted its position in shares of 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 during the period. Finally, 1 North Wealth Services LLC acquired a new position in shares of Lam Research during the first quarter worth approximately $36,000. 84.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Lam Research from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $100.00 to $150.00 in a research report on Monday, September 29th. Stifel Nicolaus boosted 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. B. Riley upped their target price on Lam Research from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Erste Group Bank initiated coverage on Lam Research in a research report on Thursday, August 14th. They issued a "buy" rating for the company. Finally, Argus upped their target price on Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Twenty-three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Lam Research has an average rating of "Moderate Buy" and an average price target of $121.00.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $131.37 on Friday. Lam Research Corporation has a one year low of $56.32 and a one year high of $153.70. The stock has a fifty day moving average of $114.80 and a 200-day moving average of $94.46. The company has a market capitalization of $165.66 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 1.72 and a beta of 1.84. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The company'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, equities analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal 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 a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. Lam Research's payout ratio is currently 25.00%.

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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