Lam Research Corporation $LRCX Stock Holdings Decreased by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Lam Research Corporation by 1.3%, now holding 552,867 shares valued at approximately $53.8 million.
• Various analysts have boosted their price targets for Lam Research, with a consensus rating of "Moderate Buy" and an average target price of $109.39.
• Lam Research recently announced a quarterly dividend increase from $0.23 to $0.26 per share, representing a yield of 0.8% and a dividend payout ratio of 25.00%.

Public Employees Retirement System of Ohio lowered its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 1.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 552,867 shares of the semiconductor company's stock after selling 7,096 shares during the period. Public Employees Retirement System of Ohio's holdings in Lam Research were worth $53,816,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC bought a new stake in shares of Lam Research in the 1st quarter worth about $26,000. Bruce G. Allen Investments LLC increased its position in shares of Lam Research by 207.3% in 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 during the last quarter. Park Square Financial Group LLC bought a new stake in shares of Lam Research in the 4th quarter worth about $31,000. 1 North Wealth Services LLC bought a new stake in shares of Lam Research in the 1st quarter worth about $36,000. Finally, Saudi Central Bank bought a new stake in shares of Lam Research during the 1st quarter valued at about $37,000. Institutional investors own 84.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on LRCX. 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 research report on Thursday, July 31st. Stifel Nicolaus boosted their price objective on shares of Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Argus boosted their price objective on shares of Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Raymond James Financial boosted their price objective on shares of Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, Cantor Fitzgerald boosted their price objective on shares of Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Twenty investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $109.39.

Lam Research Stock Down 0.2%

LRCX stock opened at $131.93 on Wednesday. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $133.57. The firm has a market cap of $166.37 billion, a PE ratio of 31.71, a P/E/G ratio of 1.69 and a beta of 1.76. The firm has a 50 day simple moving average of $104.62 and a 200 day simple moving average of $89.08. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the business earned $1.03 earnings per share. 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 forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. 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%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is currently 25.00%.

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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