New York State Teachers Retirement System Boosts Position in Lam Research Corporation $LRCX

Key Points

• The New York State Teachers Retirement System increased its stake in Lam Research Corporation by 5.6%, owning 1,044,815 shares valued at approximately $101.7 million as of the latest filing.
• Lam Research received positive ratings from analysts, with multiple firms upgrading their outlook and raising price targets, indicating a consensus rating of "Moderate Buy" and a price target of $123.80.
• The company reported a 33.6% increase in quarterly revenue compared to the same period last year, exceeding expectations by generating $5.17 billion in revenue.

New York State Teachers Retirement System raised its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 5.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,044,815 shares of the semiconductor company's stock after buying an additional 55,588 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Lam Research worth $101,702,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. BankPlus Wealth Management LLC lifted its holdings in Lam Research by 2.0% in the second quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company's stock valued at $511,000 after acquiring an additional 105 shares during the period. ORG Partners LLC lifted its holdings in Lam Research by 7.3% in 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 period. Fairvoy Private Wealth LLC lifted its holdings in Lam Research by 3.0% in 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 period. Rosenberg Matthew Hamilton lifted its holdings in Lam Research by 16.0% in the second quarter. Rosenberg Matthew Hamilton now owns 869 shares of the semiconductor company's stock valued at $85,000 after acquiring an additional 120 shares during the period. Finally, Abundance Wealth Counselors lifted 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 valued at $1,123,000 after acquiring an additional 124 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen raised Lam Research from a "hold" rating to a "buy" rating in a research note on Saturday, October 4th. Citigroup raised their price objective on Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. Hsbc Global Res raised Lam Research to a "hold" rating in a research note on Tuesday, September 30th. KeyCorp raised their price objective on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, Rothschild & Co Redburn raised their price objective on Lam Research from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday. Twenty-three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.80.

Lam Research Stock Up 4.7%

Shares of LRCX opened at $144.78 on Thursday. The business's 50 day moving average is $117.40 and its 200 day moving average is $95.82. The company has a market capitalization of $182.57 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 1.68 and a beta of 1.84. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $153.70. 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 results 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. The business had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

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

Insiders Place Their Bets

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the firm's 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 owned 251,047 shares in the company, valued at $34,870,428.30. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.31% of the stock is owned by corporate insiders.

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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