Maryland State Retirement & Pension System Boosts Stock Position in Lam Research Corporation $LRCX

Key Points

• The Maryland State Retirement & Pension System increased its stake in Lam Research Corporation by 3.4%, acquiring a total of 62,149 shares valued at approximately $6,050,000.
• Several other institutional investors have also modified their positions in Lam Research, with hedge funds collectively owning 84.61% of the company's stock.
• Lam Research reported a 33.6% year-over-year revenue increase and has increased its quarterly dividend from $0.23 to $0.26 per share.

Maryland State Retirement & Pension System raised its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,149 shares of the semiconductor company's stock after purchasing an additional 2,038 shares during the quarter. Maryland State Retirement & Pension System's holdings in Lam Research were worth $6,050,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Ignite Planners LLC grew its stake in Lam Research by 32.8% during the 2nd quarter. Ignite Planners LLC now owns 5,169 shares of the semiconductor company's stock valued at $520,000 after purchasing an additional 1,277 shares during the last quarter. Abel Hall LLC purchased a new stake in Lam Research during the 2nd quarter valued at about $249,000. REAP Financial Group LLC purchased a new stake in Lam Research during the 2nd quarter valued at about $31,000. BankPlus Trust Department grew its stake in Lam Research by 2.9% during the 2nd quarter. BankPlus Trust Department now owns 21,276 shares of the semiconductor company's stock valued at $2,071,000 after purchasing an additional 592 shares during the last quarter. Finally, Independent Solutions Wealth Management LLC grew its stake in Lam Research by 18.7% during the 2nd quarter. Independent Solutions Wealth Management LLC now owns 6,593 shares of the semiconductor company's stock valued at $642,000 after purchasing an additional 1,040 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of recent research reports. KeyCorp upped their target price on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Barclays set a $83.00 target price on Lam Research and gave the stock an "equal weight" rating in a research note on Monday, July 28th. The Goldman Sachs Group upped their target price on Lam Research from $115.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded Lam Research from a "hold" rating to a "buy" rating and upped their target price for the stock from $100.00 to $150.00 in a research note on Monday, September 29th. Finally, 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 note on Wednesday, September 24th. Twenty-three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $121.00.

Lam Research Stock Performance

Shares of LRCX stock opened at $141.00 on Friday. The company has a market capitalization of $177.81 billion, a P/E ratio of 33.89, a P/E/G ratio of 1.74 and a beta of 1.84. The business's 50 day moving average is $114.10 and its two-hundred day moving average is $94.09. The company has a current ratio of 2.21, a quick ratio of 1.55 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 $153.70.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.Lam Research's revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

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