Maridea Wealth Management LLC Purchases 23,101 Shares of Lam Research Corporation $LRCX

Key Points

• Maridea Wealth Management LLC significantly increased its stake in Lam Research Corporation by 316.8% during the second quarter, acquiring an additional 23,101 shares, bringing its total holdings to 30,394 shares valued at approximately $2.96 million.
• Several institutional investors, including Kennicott Capital Management and Plancorp LLC, also made new investments in Lam Research, reflecting strong investor interest with 84.61% of the company's stock owned by institutions.
• Lam Research recently announced it will increase its quarterly dividend from $0.23 to $0.26 per share, demonstrating financial strength and a commitment to returning value to shareholders.

Maridea Wealth Management LLC boosted its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 316.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,394 shares of the semiconductor company's stock after acquiring an additional 23,101 shares during the quarter. Lam Research accounts for approximately 0.8% of Maridea Wealth Management LLC's portfolio, making the stock its 29th largest holding. Maridea Wealth Management LLC's holdings in Lam Research were worth $2,959,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Kennicott Capital Management LLC bought a new position in Lam Research in the second quarter valued at $234,000. Plancorp LLC bought a new position in shares of Lam Research during the second quarter valued at about $250,000. McAdam LLC bought a new position in shares of Lam Research during the second quarter valued at about $304,000. Harrell Investment Partners LLC grew its stake in shares of Lam Research by 133.2% during the second quarter. Harrell Investment Partners LLC now owns 11,660 shares of the semiconductor company's stock valued at $1,135,000 after buying an additional 6,660 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of Lam Research by 19.9% during the second quarter. TD Private Client Wealth LLC now owns 7,533 shares of the semiconductor company's stock valued at $733,000 after buying an additional 1,248 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LRCX shares. Wells Fargo & Company set a $98.00 price objective on Lam Research and gave the company an "equal weight" rating in a research note on Thursday, July 31st. KeyCorp raised their price objective on Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Morgan Stanley set a $125.00 price objective on Lam Research and gave the company an "equal weight" rating in a research note on Monday. Citigroup raised their price objective on Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Finally, Erste Group Bank initiated coverage on shares of Lam Research in a report on Thursday, August 14th. They set a "buy" rating for the company. Twenty research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and a consensus target price of $111.35.

Lam Research Stock Performance

Shares of LRCX opened at $128.32 on Thursday. 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 one year low of $56.32 and a one year high of $133.57. The company has a 50-day simple moving average of $105.18 and a two-hundred day simple moving average of $89.35. The firm has a market capitalization of $161.82 billion, a PE ratio of 30.85, a price-to-earnings-growth ratio of 1.68 and a beta of 1.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (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 firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period last year, the business earned $1.03 earnings per share. The business's 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. On average, analysts anticipate that Lam Research Corporation will post 3.71 EPS 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. Stockholders of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. Lam Research's dividend payout ratio (DPR) is 22.12%.

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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