Sax Wealth Advisors LLC Takes Position in Lam Research Corporation $LRCX

Key Points

• Sax Wealth Advisors LLC acquired 4,022 shares of Lam Research Corporation for approximately $292,000 in the first quarter, reflecting ongoing interest from institutional investors in the semiconductor sector.
• A variety of hedge funds, including Allstate Corp and AlphaQuest LLC, have significantly increased their stakes in Lam Research during the same period, with institutional investors now owning 84.61% of the company's stock.
• Recent analyst ratings show a bullish outlook for Lam Research, with multiple analysts upgrading their price targets and rating the stock as a "buy," indicating strong confidence in the company's future performance.

Sax Wealth Advisors LLC acquired a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,022 shares of the semiconductor company's stock, valued at approximately $292,000.

Several other institutional investors also recently made changes to their positions in LRCX. Meridian Wealth Management LLC increased its stake in shares of Lam Research by 1.4% during the first quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock valued at $707,000 after acquiring an additional 130 shares during the period. GW&K Investment Management LLC boosted its holdings in Lam Research by 10.1% during the first quarter. GW&K Investment Management LLC now owns 1,534 shares of the semiconductor company's stock worth $112,000 after buying an additional 141 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in Lam Research by 1.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 12,498 shares of the semiconductor company's stock worth $909,000 after buying an additional 146 shares in the last quarter. Citizens National Bank Trust Department boosted its holdings in Lam Research by 34.0% during the first quarter. Citizens National Bank Trust Department now owns 603 shares of the semiconductor company's stock worth $44,000 after buying an additional 153 shares in the last quarter. Finally, Progressive Investment Management Corp boosted its holdings in Lam Research by 0.4% during the first quarter. Progressive Investment Management Corp now owns 42,581 shares of the semiconductor company's stock worth $3,096,000 after buying an additional 156 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LRCX. Erste Group Bank began coverage on shares of Lam Research in a report on Thursday, August 14th. They set a "buy" rating for the company. Raymond James Financial raised their target price on shares of Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. KeyCorp raised their target price on shares of Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. B. Riley restated 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, Summit Insights cut shares of Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Twenty equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Lam Research has an average rating of "Moderate Buy" and an average target price of $107.30.

Lam Research Stock Up 0.4%

LRCX stock traded up $0.42 during midday trading on Thursday, reaching $104.09. The company had a trading volume of 7,372,322 shares, compared to its average volume of 11,933,633. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $108.02. 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 company has a market capitalization of $131.74 billion, a P/E ratio of 25.02, a PEG ratio of 1.33 and a beta of 1.65. The company has a 50 day moving average of $99.02 and a two-hundred day moving average of $85.01.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The company's revenue was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a $0.26 dividend. This is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. Lam Research's dividend payout ratio is presently 22.12%.

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.