Meadow Creek Wealth Advisors LLC Purchases New Holdings in Lam Research Corporation $LRCX

Key Points

• Meadow Creek Wealth Advisors LLC acquired a new position in Lam Research Corporation, purchasing 2,660 shares valued at approximately $259,000.
• Lam Research reported a 33.6% year-over-year increase in revenue for the quarter, totaling $5.17 billion, with earnings per share of $1.33, surpassing analysts' expectations.
• The company recently increased its quarterly dividend from $0.23 to $0.26, resulting in an annualized dividend of $1.04 and a yield of 0.7%.

Meadow Creek Wealth Advisors LLC acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,660 shares of the semiconductor company's stock, valued at approximately $259,000.

A number of other large investors have also modified their holdings of LRCX. Empowered Funds LLC raised its stake in shares of Lam Research by 10.5% in the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock valued at $13,629,000 after buying an additional 17,833 shares in the last quarter. Pinnacle Financial Partners Inc acquired a new position in Lam Research in the first quarter worth about $201,000. Cookson Peirce & Co. Inc. bought a new stake in shares of Lam Research during the first quarter worth $607,000. China Universal Asset Management Co. Ltd. lifted its stake in shares of Lam Research by 27.1% during the first quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock valued at $3,607,000 after acquiring an additional 10,565 shares during the period. Finally, Glass Wealth Management Co LLC boosted its holdings in Lam Research by 8.5% in the second quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company's stock valued at $2,810,000 after acquiring an additional 2,270 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the completion of the transaction, the senior vice president directly owned 251,047 shares of the company's stock, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.31% of the company's stock.

Lam Research Stock Performance

LRCX stock opened at $145.04 on Wednesday. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $153.70. The business's 50-day moving average price is $120.69 and its two-hundred day moving average price is $98.08. The firm has a market cap of $182.90 billion, a PE ratio of 34.87, a P/E/G ratio of 1.75 and a beta of 1.84. 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 (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.99 billion. Lam Research's revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were given a $0.26 dividend. 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 dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is presently 25.00%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LRCX. HSBC set a $127.00 target price on shares of Lam Research and gave the company a "hold" rating in a research report on Tuesday, September 30th. Stifel Nicolaus set a $135.00 price objective on shares of Lam Research and gave the company a "buy" rating in a report on Monday, October 13th. Wells Fargo & Company lifted their target price on shares of Lam Research from $98.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Lam Research from a "hold" rating to a "buy" rating and upped their target price for the company from $100.00 to $150.00 in a research report on Monday, September 29th. Finally, Summit Insights lowered Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Twenty-three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.04.

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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