Pittenger & Anderson Inc. Boosts Holdings in Lam Research Corporation $LRCX

Key Points

• Pittenger & Anderson Inc. increased its stake in Lam Research Corporation by 12.8%, owning 71,590 shares valued at $6.97 million after acquiring 8,103 additional shares in Q2.
• Lam Research recently reported its quarterly earnings, posting an EPS of $1.33, exceeding estimates, with revenue of $5.17 billion, a 33.6% increase year-over-year.
• The company increased its quarterly dividend from $0.23 to $0.26 per share, representing an annualized yield of 0.7% and a payout ratio of 25%.

Pittenger & Anderson Inc. raised its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 12.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,590 shares of the semiconductor company's stock after acquiring an additional 8,103 shares during the period. Pittenger & Anderson Inc.'s holdings in Lam Research were worth $6,969,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after purchasing an additional 12,936 shares during the period. GAMMA Investing LLC raised its holdings in shares of Lam Research by 21.5% in the first quarter. GAMMA Investing LLC now owns 29,408 shares of the semiconductor company's stock worth $2,138,000 after buying an additional 5,213 shares during the period. Childress Capital Advisors LLC lifted its stake in shares of Lam Research by 6.1% during the 1st quarter. Childress Capital Advisors LLC now owns 4,178 shares of the semiconductor company's stock worth $304,000 after acquiring an additional 240 shares during the last quarter. Stiles Financial Services Inc boosted its holdings in Lam Research by 4.4% during the 1st quarter. Stiles Financial Services Inc now owns 49,666 shares of the semiconductor company's stock valued at $3,611,000 after acquiring an additional 2,096 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in Lam Research by 6.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 22,753 shares of the semiconductor company's stock valued at $1,654,000 after acquiring an additional 1,432 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

Shares of LRCX stock opened at $144.05 on Tuesday. The firm has a market cap of $181.65 billion, a price-to-earnings ratio of 34.63, a PEG ratio of 1.72 and a beta of 1.84. The company's 50 day moving average is $119.90 and its 200 day moving average is $97.75. 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 Corporation has a 52-week low of $56.32 and a 52-week high of $153.70.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion for 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 was up 33.6% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.7%. Lam Research's dividend payout ratio is 25.00%.

Insider Transactions at Lam Research

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the transaction, the senior vice president directly owned 251,047 shares of the company's stock, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.31% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Lam Research from a "hold" rating to a "buy" rating and boosted their target price for the company from $100.00 to $150.00 in a research note on Monday, September 29th. Wall Street Zen upgraded Lam Research from a "hold" rating to a "buy" rating in a report on Saturday, October 4th. Barclays set a $142.00 price objective on Lam Research and gave the stock an "equal weight" rating in a research note on Monday. TD Cowen lifted their target price on Lam Research from $125.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, October 13th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Lam Research in a research report on Wednesday, October 8th. Twenty-three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently 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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