Mather Group LLC. Boosts Stock Position in Lam Research Corporation $LRCX

Key Points

• Mather Group LLC increased its stake in Lam Research Corporation by 15.9%, owning a total of 44,043 shares valued at approximately $4.29 million following the purchase of additional shares in the second quarter.
• Lam Research recently announced a quarterly dividend increase from $0.23 to $0.26 per share, set to be paid on October 15th, representing an annualized yield of 0.8%.
• Analysts have set new price targets for Lam Research, with multiple reports providing a "buy" rating and raising target prices to as high as $120.

Mather Group LLC. raised its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 15.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,043 shares of the semiconductor company's stock after buying an additional 6,058 shares during the quarter. Mather Group LLC.'s holdings in Lam Research were worth $4,287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC purchased a new stake in Lam Research during the first quarter valued at approximately $26,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Lam Research by 207.3% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company's stock valued at $41,000 after purchasing an additional 284 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Lam Research in the 4th quarter worth $31,000. 1 North Wealth Services LLC acquired a new stake in shares of Lam Research in the 1st quarter worth $36,000. Finally, Saudi Central Bank purchased a new position in Lam Research during the 1st quarter worth $37,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Stock Down 0.2%

LRCX stock opened at $131.93 on Wednesday. Lam Research Corporation has a one year low of $56.32 and a one year high of $133.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The firm's fifty day moving average is $104.62 and its 200 day moving average is $89.08. 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.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the company posted $1.03 EPS. The company's revenue for the quarter 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, research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be issued 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 annualized dividend and a yield of 0.8%. Lam Research's payout ratio is 25.00%.

Analysts Set New Price Targets

LRCX has been the subject of several recent analyst reports. Argus raised their price target on Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Needham & Company LLC lifted their target price on shares of Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. B. Riley reissued a "buy" rating and set a $115.00 target price (up previously from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. Erste Group Bank started coverage on shares of Lam Research in a report on Thursday, August 14th. They issued a "buy" rating for the company. Finally, Citigroup raised their price objective on Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. Twenty research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Lam Research presently has an average rating of "Moderate Buy" and a consensus target price of $109.39.

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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