Moody National Bank Trust Division Acquires Shares of 2,138 Lam Research Corporation $LRCX

Key Points

• Moody National Bank Trust Division has acquired 2,138 shares of Lam Research Corporation, valued at approximately $208,000, indicating growing institutional interest in the semiconductor company.
• Lam Research recently reported earnings of $1.33 EPS for the last quarter, beating expectations and showing a year-over-year revenue increase of 33.6%.
• The company has declared a quarterly dividend of $0.26, an increase from the previous amount, reflecting its commitment to returning value to shareholders.

Moody National Bank Trust Division bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,138 shares of the semiconductor company's stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in LRCX. Smallwood Wealth Investment Management LLC bought a new stake in shares of Lam Research during the first quarter worth $26,000. Park Square Financial Group LLC acquired a new position in shares of Lam Research during the 4th quarter worth about $31,000. Putney Financial Group LLC bought a new stake in shares of Lam Research in the fourth quarter worth about $36,000. 1 North Wealth Services LLC bought a new stake in shares of Lam Research in the first quarter worth about $36,000. Finally, Rossby Financial LCC acquired a new position in shares of Lam Research during the first quarter worth about $37,000. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Up 0.5%

Shares of NASDAQ LRCX opened at $126.92 on Monday. The business has a 50-day simple moving average of $103.36 and a two-hundred day simple moving average of $88.41. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $128.70. The company has a market cap of $160.05 billion, a P/E ratio of 30.51, a P/E/G ratio of 1.63 and a beta of 1.76. 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 data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. The company 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%. 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 company earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal 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 paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. This is a boost from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is presently 22.12%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Summit Insights cut Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Morgan Stanley reaffirmed an "underweight" rating and issued a $92.00 target price (down previously from $94.00) on shares of Lam Research in a report on Tuesday, September 2nd. TD Cowen raised their price objective on Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 31st. B. Riley reaffirmed a "buy" rating and set a $115.00 target price (up from $95.00) on shares of Lam Research in a report on Wednesday, June 18th. Finally, Needham & Company LLC lifted their price objective on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research report 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $107.96.

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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