Simplicity Wealth LLC Takes Position in Lam Research Corporation $LRCX

Key Points

• Simplicity Wealth LLC acquired 62,314 shares of Lam Research Corporation, valued at approximately $6,066,000, marking a new position in the semiconductor company.
• Lam Research recently increased its quarterly dividend from $0.23 to $0.26, representing an annualized yield of 0.7% with a payout ratio of 25.00%.
• The company's stock has shown strong performance with a 33.6% increase in revenue year-over-year for its last reported quarter, exceeding analyst expectations in both earnings and revenue metrics.

Simplicity Wealth LLC purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 62,314 shares of the semiconductor company's stock, valued at approximately $6,066,000.

Other hedge funds have also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC purchased a new position in Lam Research in the first quarter worth $26,000. 1 North Wealth Services LLC purchased a new position in Lam Research in the first quarter worth $36,000. Rossby Financial LCC purchased a new position in Lam Research in the first quarter worth $37,000. Saudi Central Bank purchased a new position in Lam Research in the first quarter worth $37,000. Finally, Hilltop National Bank purchased a new position in Lam Research in the second quarter worth $38,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Price Performance

Shares of LRCX opened at $145.81 on Friday. The stock has a market cap of $183.87 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 1.78 and a beta of 1.84. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $147.91. The firm's 50-day simple moving average is $110.47 and its two-hundred day simple moving average is $92.37.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. The business had revenue of $5.17 billion for 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%. The business's revenue was up 33.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio is currently 25.00%.

Analyst Ratings Changes

Several brokerages recently issued reports on LRCX. Barclays set a $83.00 target price on shares of Lam Research and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Oppenheimer boosted their price target on shares of Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Mizuho boosted their price target on shares of Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. Wall Street Zen raised shares of Lam Research from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Stifel Nicolaus boosted their price target on shares of Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $119.20.

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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