Lam Research Corporation $LRCX Stock Position Lifted by Pure Financial Advisors LLC

Key Points

• Pure Financial Advisors LLC increased its position in Lam Research Corporation by 68.2% in the second quarter, owning 7,858 shares valued at $765,000.
• Analysts have recently raised their price targets for Lam Research, with projections ranging from $115.00 to $155.00, indicating a consensus rating of "Moderate Buy".
• Lam Research has declared a quarterly dividend of $0.26 per share, up from the previous $0.23, reflecting a positive change in its dividend policy.

Pure Financial Advisors LLC grew its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 68.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,858 shares of the semiconductor company's stock after buying an additional 3,186 shares during the period. Pure Financial Advisors LLC's holdings in Lam Research were worth $765,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in Lam Research by 10.5% during the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock worth $13,629,000 after buying an additional 17,833 shares during the last quarter. Pinnacle Financial Partners Inc acquired a new stake in shares of Lam Research during the 1st quarter worth approximately $201,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Lam Research during the 1st quarter worth approximately $607,000. China Universal Asset Management Co. Ltd. raised its position in shares of Lam Research by 27.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock worth $3,607,000 after purchasing an additional 10,565 shares during the period. Finally, First Citizens Bank & Trust Co. raised its position in shares of Lam Research by 47.8% during the 1st quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock worth $8,862,000 after purchasing an additional 39,414 shares during the period. Institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Cantor Fitzgerald increased their price target on Lam Research from $120.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday. The Goldman Sachs Group assumed coverage on Lam Research in a research report on Thursday, July 10th. They set a "buy" rating and a $115.00 price target on the stock. Oppenheimer increased their price target on Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Raymond James Financial increased their price target on Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, UBS Group increased their price target on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Twenty-two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $119.20.

Lam Research Stock Performance

Shares of Lam Research stock opened at $146.99 on Friday. The stock has a market cap of $185.36 billion, a PE ratio of 35.33, a price-to-earnings-growth ratio of 1.74 and a beta of 1.83. The business has a fifty day simple moving average of $109.49 and a 200-day simple moving average of $91.80. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $147.35.

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 (EPS) 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 return on equity of 58.17% and a net margin of 29.07%.The business's revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Lam Research's payout ratio is 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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