Meitav Investment House Ltd. Takes $2.49 Million Position in Lam Research Corporation $LRCX

Key Points

• Meitav Investment House Ltd. acquired a new position in Lam Research Corporation, purchasing 25,536 shares valued at approximately $2.49 million.
• Lam Research reported strong earnings with $1.33 EPS, exceeding analysts' estimates, and its revenue rose 33.6% year-over-year.
• The company has increased its quarterly dividend from $0.23 to $0.26 per share, reflecting a 0.7% yield.

Meitav Investment House Ltd. bought a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,536 shares of the semiconductor company's stock, valued at approximately $2,486,000.

Several other institutional investors have also added to or reduced their stakes in LRCX. BankPlus Wealth Management LLC lifted its position in shares of Lam Research by 2.0% during the second quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company's stock valued at $511,000 after buying an additional 105 shares during the last quarter. ORG Partners LLC lifted its position in Lam Research by 7.3% during the second quarter. ORG Partners LLC now owns 1,676 shares of the semiconductor company's stock valued at $162,000 after acquiring an additional 114 shares during the last quarter. Fairvoy Private Wealth LLC lifted its position in Lam Research by 3.0% during the second quarter. Fairvoy Private Wealth LLC now owns 4,185 shares of the semiconductor company's stock valued at $407,000 after acquiring an additional 120 shares during the last quarter. Abundance Wealth Counselors grew its holdings in Lam Research by 1.1% in the second quarter. Abundance Wealth Counselors now owns 11,537 shares of the semiconductor company's stock worth $1,123,000 after purchasing an additional 124 shares during the last quarter. Finally, First Pacific Financial increased its position in shares of Lam Research by 7.7% during the second quarter. First Pacific Financial now owns 1,766 shares of the semiconductor company's stock worth $172,000 after purchasing an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Trading Up 2.3%

Lam Research stock opened at $149.15 on Tuesday. The stock has a 50-day moving average price of $111.48 and a 200 day moving average price of $92.99. The company has a market capitalization of $188.08 billion, a price-to-earnings ratio of 35.85, a price-to-earnings-growth ratio of 1.78 and a beta of 1.84. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $153.70. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. Lam Research's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period last year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 annualized dividend and a yield of 0.7%. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's payout ratio is 25.00%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LRCX shares. Wall Street Zen raised Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday. Citigroup increased their price target on Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, September 8th. UBS Group boosted their price target on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Stifel Nicolaus upped their price objective on shares of Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Finally, Rothschild & Co Redburn lifted their target price on shares of Lam Research from $115.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, October 1st. Twenty-three research 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, Lam Research presently has an average rating of "Moderate Buy" and a consensus price target of $119.20.

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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