Synovus Financial Corp Has $1.17 Million Stock Position in Lam Research Corporation $LRCX

Key Points

• Synovus Financial Corp decreased its position in Lam Research by 39.4% during the 1st quarter, reducing its holdings to 16,032 shares valued at $1,166,000.
• Several hedge funds have adjusted their positions in Lam Research, including China Universal Asset Management, which increased its stake by 27.1%.
• Lam Research reported earnings that exceeded expectations, with a 33.6% year-over-year revenue increase and a return on equity of 58.17%.

Synovus Financial Corp lowered its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 39.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 16,032 shares of the semiconductor company's stock after selling 10,436 shares during the period. Synovus Financial Corp's holdings in Lam Research were worth $1,166,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of LRCX. Smallwood Wealth Investment Management LLC bought a new stake in Lam Research in the 1st quarter valued at about $26,000. West Paces Advisors Inc. bought a new stake in Lam Research in the 4th quarter valued at about $27,000. Mpwm Advisory Solutions LLC bought a new stake in Lam Research in the 4th quarter valued at about $27,000. Park Square Financial Group LLC bought a new stake in Lam Research in the 4th quarter valued at about $31,000. Finally, Putney Financial Group LLC bought a new stake in Lam Research in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Price Performance

NASDAQ:LRCX traded down $3.94 on Friday, hitting $100.15. The company had a trading volume of 12,177,963 shares, compared to its average volume of 11,487,494. The stock has a market capitalization of $126.75 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 1.34 and a beta of 1.65. 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 firm has a 50 day moving average of $99.45 and a two-hundred day moving average of $85.27. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $108.02.

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

Lam Research Increases Dividend

The firm also recently declared 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. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 annualized dividend and a yield of 1.0%. Lam Research's dividend payout ratio is currently 22.12%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Raymond James Financial boosted their price objective on shares of Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Argus upped their price target on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 1st. TD Cowen upped their price target 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. Citigroup upped their price target on shares of Lam Research from $108.00 to $113.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, UBS Group upped their price target on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Twenty equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $107.30.

Lam Research Company 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.