Lbp Am Sa Increases Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Lbp Am Sa significantly increased its stake in Lam Research Corporation by 203.4%, acquiring a total of 23,237 shares worth approximately $2.26 million.
• A recent analyst report indicates that Lam Research has received a consensus rating of "Moderate Buy" with an average target price of $119.20.
• Lam Research announced an increase in its quarterly dividend to $0.26 per share, representing a dividend yield of 0.7%, with the payout scheduled on October 15th.

Lbp Am Sa boosted its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 203.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,237 shares of the semiconductor company's stock after purchasing an additional 15,577 shares during the period. Lbp Am Sa's holdings in Lam Research were worth $2,262,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smallwood Wealth Investment Management LLC purchased a new position in shares of Lam Research during the 1st quarter valued at about $26,000. 1 North Wealth Services LLC purchased a new position in shares of Lam Research during the 1st quarter valued at about $36,000. Rossby Financial LCC purchased a new position in shares of Lam Research during the 1st quarter valued at about $37,000. Saudi Central Bank purchased a new position in shares of Lam Research during the 1st quarter valued at about $37,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Lam Research during the 1st quarter valued at about $41,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. HSBC set a $127.00 price objective on Lam Research and gave the company a "hold" rating in a research report on Tuesday. Wall Street Zen downgraded Lam Research from a "buy" rating to a "hold" rating in a research note on Saturday, September 20th. KeyCorp lifted their target price on Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. UBS Group lifted their target price on Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, TD Cowen lifted their target price on Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Twenty-two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and an average target price of $119.20.

Lam Research Stock Performance

NASDAQ:LRCX opened at $146.99 on Friday. 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 Corporation has a 1 year low of $56.32 and a 1 year high of $147.35. The stock's 50 day simple moving average is $109.49 and its two-hundred day simple moving average is $91.80. The company has a market cap of $185.36 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 1.74 and a beta of 1.83.

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, topping 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 business had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the company posted $1.03 EPS. The company's 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 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is presently 25.00%.

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.

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