MBB Public Markets I LLC Acquires Shares of 4,092 Lam Research Corporation $LRCX

Key Points

• MBB Public Markets I LLC acquired 4,092 shares of Lam Research Corporation, valuing the purchase at approximately $297,000.
• Several analysts have recently increased their price targets for Lam Research, with the average target now at $107.52 and a consensus rating of "Moderate Buy".
• Lam Research announced a boost in its quarterly dividend from $0.23 to $0.26 per share, reflecting a commitment to returning value to shareholders.

MBB Public Markets I LLC acquired a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,092 shares of the semiconductor company's stock, valued at approximately $297,000.

A number of other institutional investors have also modified their holdings of LRCX. Smallwood Wealth Investment Management LLC purchased a new position in shares of Lam Research during the 1st quarter valued at about $26,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Lam Research during the 4th quarter valued at about $27,000. Park Square Financial Group LLC purchased a new position in shares of Lam Research during the 4th quarter valued at about $31,000. Putney Financial Group LLC purchased a new position in shares of Lam Research during the 4th quarter valued at about $36,000. Finally, 1 North Wealth Services LLC purchased a new position in shares of Lam Research during the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

LRCX has been the topic of several recent analyst reports. KeyCorp increased their target price on shares of Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Cantor Fitzgerald increased their target price on shares of Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Mizuho increased their target price on shares of Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Oppenheimer increased their target price on shares of Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Summit Insights lowered shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $107.52.

Lam Research Price Performance

Shares of Lam Research stock opened at $115.58 on Friday. The business has a 50 day simple moving average of $100.71 and a two-hundred day simple moving average of $86.43. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $115.90. The stock has a market capitalization of $146.28 billion, a P/E ratio of 27.78, a PEG ratio of 1.38 and a beta of 1.76. 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 (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The business'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, analysts predict 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. Investors of record on Wednesday, September 24th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, September 24th. This is a boost from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. Lam Research's dividend payout ratio (DPR) is presently 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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