Poinciana Advisors Group LLC Makes New $285,000 Investment in Lam Research Corporation $LRCX

Key Points

• Poinciana Advisors Group LLC has made a new investment in Lam Research Corporation, acquiring 2,924 shares valued at approximately $285,000.
• Lam Research reported a quarterly revenue of $5.17 billion, exceeding analysts' expectations, along with an earnings per share (EPS) of $1.33.
• The company has announced an increase in its quarterly dividend from $0.23 to $0.26 per share, marking an annualized dividend yield of 0.8%.

Poinciana Advisors Group LLC acquired a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,924 shares of the semiconductor company's stock, valued at approximately $285,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Lam Research in the 1st quarter valued at about $26,000. Bruce G. Allen Investments LLC raised its stake in shares of Lam Research by 207.3% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company's stock valued at $41,000 after purchasing an additional 284 shares in the last quarter. 1 North Wealth Services LLC acquired a new stake in shares of Lam Research in the 1st quarter valued at about $36,000. City Holding Co. raised its stake in shares of Lam Research by 81.8% in the 2nd quarter. City Holding Co. now owns 500 shares of the semiconductor company's stock valued at $49,000 after purchasing an additional 225 shares in the last quarter. Finally, Saudi Central Bank acquired a new stake in shares of Lam Research in the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Price Performance

NASDAQ LRCX opened at $131.09 on Tuesday. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $133.57. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The stock has a market cap of $165.31 billion, a price-to-earnings ratio of 31.51, a price-to-earnings-growth ratio of 1.62 and a beta of 1.76. The company has a 50-day moving average price of $106.87 and a two-hundred day moving average price of $90.67.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS 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 firm had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. Lam Research'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. Analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. 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 dividend yield of 0.8%. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is 25.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. TD Cowen upped their target price on shares of Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Raymond James Financial increased their price objective on shares of Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Wells Fargo & Company set a $98.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Erste Group Bank started coverage on shares of Lam Research in a research note on Thursday, August 14th. They set a "buy" rating on the stock. Finally, Wall Street Zen lowered shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Saturday, September 20th. Twenty-one research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and an average target price of $114.83.

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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