McAdam LLC Makes New $304,000 Investment in Lam Research Corporation $LRCX

Key Points

• McAdam LLC invested approximately $304,000 to acquire 3,123 shares of Lam Research Corporation during the second quarter.
• Institutional ownership of Lam Research stands at 84.61%, with various hedge funds acquiring new positions valued between $26,000 to $37,000.
• Lam Research recently increased its quarterly dividend from $0.23 to $0.26, representing a yield of 0.8% and an annualized payout of $1.04.

McAdam LLC purchased a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,123 shares of the semiconductor company's stock, valued at approximately $304,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Smallwood Wealth Investment Management LLC acquired a new position in shares of Lam Research in the first quarter valued at about $26,000. Park Square Financial Group LLC acquired a new position in shares of Lam Research in the fourth quarter valued at about $31,000. 1 North Wealth Services LLC acquired a new position in shares of Lam Research in the first quarter valued at about $36,000. Rossby Financial LCC acquired a new position in shares of Lam Research in the first quarter valued at about $37,000. Finally, Saudi Central Bank acquired a new position in shares of Lam Research in the first quarter valued at about $37,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LRCX has been the topic of several research reports. Wall Street Zen downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Saturday, September 20th. Wells Fargo & Company set a $98.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Needham & Company LLC increased their price objective 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. Barclays set a $83.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Finally, Mizuho increased their price objective on shares of Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. Twenty research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $111.35.

Lam Research Stock Up 0.2%

LRCX stock opened at $128.33 on Friday. The stock has a market capitalization of $161.83 billion, a P/E ratio of 30.85, a price-to-earnings-growth ratio of 1.62 and a beta of 1.76. 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 $133.57. The firm has a 50-day moving average price of $106.28 and a 200-day moving average price of $90.11.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be issued a $0.26 dividend. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. Lam Research's dividend payout ratio (DPR) is 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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