Sovran Advisors LLC Invests $320,000 in Lam Research Corporation $LRCX

Key Points

• Sovran Advisors LLC has invested approximately $320,000 in Lam Research Corporation by acquiring 3,210 shares during the second quarter.
• Several large investors have recently modified their positions in Lam Research, with institutional investors owning 84.61% of the company's stock.
• Analysts have positive outlooks on Lam Research, with multiple upgrades raising price targets, including Oppenheimer's increase from $110 to $120.

Sovran Advisors LLC acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,210 shares of the semiconductor company's stock, valued at approximately $320,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Lam Research by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after buying an additional 8,364,375 shares during the period. Invesco Ltd. grew its position in Lam Research by 2.8% during the first quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock valued at $1,259,947,000 after purchasing an additional 472,636 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Lam Research by 25.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock worth $693,319,000 after buying an additional 1,953,221 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Lam Research by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company's stock worth $647,067,000 after acquiring an additional 418,077 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Lam Research in the 1st quarter valued at approximately $604,344,000. Institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on LRCX shares. KeyCorp upped their target price on shares of Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Citigroup increased their price target on Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. Mizuho lifted their price objective on Lam Research from $120.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Erste Group Bank started coverage on shares of Lam Research in a research report on Thursday, August 14th. They set a "buy" rating on the stock. Finally, Oppenheimer boosted their target price on shares of Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $107.96.

Lam Research Stock Up 0.5%

LRCX stock traded up $0.60 during trading on Friday, hitting $126.92. 24,270,137 shares of the company's stock were exchanged, compared to its average volume of 10,712,953. The business has a 50-day moving average price of $103.36 and a two-hundred day moving average price of $88.33. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $128.70. The stock has a market capitalization of $160.05 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 1.63 and a beta of 1.76. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38.

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, beating analysts' consensus estimates of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business's revenue for the quarter 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. As a group, equities research analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, September 24th. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio (DPR) is 22.12%.

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.