Thurston Springer Miller Herd & Titak Inc. Has $1.49 Million Holdings in Lam Research Corporation $LRCX

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its holdings in Lam Research Corporation by 17.5% in Q2, now owning 15,259 shares valued at approximately $1.49 million.
• Lam Research's stock has received positive ratings from multiple brokerages, with an average price target of $107.96 and a consensus rating of "Moderate Buy."
• The company recently declared a quarterly dividend increase to $0.26 per share, reflecting a rise from the previous dividend rate, and will be paid on October 15.

Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 17.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,259 shares of the semiconductor company's stock after purchasing an additional 2,274 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Lam Research were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in LRCX. Smallwood Wealth Investment Management LLC bought a new stake in shares of Lam Research in the 1st quarter valued at about $26,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Lam Research in the 4th quarter valued at about $27,000. Park Square Financial Group LLC bought a new stake in shares of Lam Research in the 4th quarter valued at about $31,000. Putney Financial Group LLC bought a new stake in shares of Lam Research in the 4th quarter valued at about $36,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Lam Research in the 1st quarter valued at about $36,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LRCX. Raymond James Financial upped their price target on Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Summit Insights cut Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Stifel Nicolaus increased their target price on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Morgan Stanley reissued an "underweight" rating and set a $92.00 target price (down from $94.00) on shares of Lam Research in a research note on Tuesday, September 2nd. Finally, Oppenheimer increased their target price on Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $107.96.

Lam Research Price Performance

Shares of LRCX opened at $116.96 on Monday. The stock has a market capitalization of $148.03 billion, a P/E ratio of 28.12, a P/E/G ratio of 1.50 and a beta of 1.76. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $117.50. The company has a 50 day moving average of $101.07 and a 200-day moving average of $86.80. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion during 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 quarterly revenue was up 33.6% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio (DPR) is 25.00%.

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.

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