Merit Financial Group LLC Has $3.51 Million Holdings in Lam Research Corporation $LRCX

Merit Financial Group LLC raised its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 41.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,004 shares of the semiconductor company's stock after purchasing an additional 10,495 shares during the period. Merit Financial Group LLC's holdings in Lam Research were worth $3,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in LRCX. Empowered Funds LLC raised its position 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 acquiring an additional 17,833 shares during the period. Pinnacle Financial Partners Inc acquired a new stake in shares of Lam Research in the 1st quarter valued at approximately $201,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Lam Research in the 1st quarter valued at approximately $607,000. China Universal Asset Management Co. Ltd. raised its position in shares of Lam Research by 27.1% in the 1st 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, Global X Japan Co. Ltd. acquired a new stake in shares of Lam Research in the 1st quarter valued at approximately $3,152,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Price Performance

Shares of LRCX opened at $140.35 on Wednesday. The stock has a market capitalization of $176.99 billion, a P/E ratio of 33.74, a P/E/G ratio of 1.82 and a beta of 1.84. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $153.70. The company has a 50 day moving average of $112.31 and a 200-day moving average of $93.32. 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 issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share 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 company had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same period last year, the business earned $1.03 EPS. The business's quarterly revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be paid a $0.26 dividend. This is a boost from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is 25.00%.

Analyst Ratings Changes

LRCX has been the subject of a number of research reports. Mizuho increased their target price on Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. Cantor Fitzgerald increased their target price on Lam Research from $120.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 1st. B. Riley increased their target price on Lam Research from $130.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Rothschild & Co Redburn increased their target price on Lam Research from $115.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, October 1st. Finally, Citigroup increased their target price 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-three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $119.20.

Lam Research 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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