Plancorp LLC Purchases New Position in Lam Research Corporation $LRCX

Key Points

• Plancorp LLC has acquired a new position in Lam Research Corporation by purchasing 2,569 shares valued at approximately $250,000 during the second quarter.
• Lam Research reported a quarterly EPS of $1.33, exceeding analysts' expectations, with revenue of $5.17 billion, marking a 33.6% increase compared to the same quarter last year.
• The company recently increased its quarterly dividend from $0.23 to $0.26, representing an annualized yield of 0.8% with a payout ratio of 25.00%.

Plancorp LLC purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,569 shares of the semiconductor company's stock, valued at approximately $250,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC grew its stake in 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 purchased a new position in Lam Research during the first quarter valued at $201,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Lam Research in the first quarter valued at about $607,000. China Universal Asset Management Co. Ltd. increased its stake in shares of Lam Research by 27.1% during the first quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock worth $3,607,000 after purchasing an additional 10,565 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its position in shares of Lam Research by 47.8% during the 1st quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock worth $8,862,000 after purchasing an additional 39,414 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Down 0.1%

Shares of LRCX opened at $128.13 on Friday. 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 $133.57. The stock has a fifty day simple moving average of $105.73 and a two-hundred day simple moving average of $89.73. The company has a market capitalization of $161.58 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 1.62 and a beta of 1.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The firm 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 was up 33.6% compared to the same quarter last year. During the same period last year, the business earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be issued a $0.26 dividend. This is a boost from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, September 24th. Lam Research's payout ratio is currently 25.00%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LRCX shares. B. Riley lifted their price objective on Lam Research from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday. Cantor Fitzgerald lifted their price target on Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Oppenheimer boosted their price target on Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. TD Cowen upped their target price on shares of Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, The Goldman Sachs Group started coverage on shares of Lam Research in a research note on Thursday, July 10th. They issued a "buy" rating and a $115.00 price target on the stock. Twenty analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $111.35.

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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