Lam Research Corporation $LRCX Shares Purchased by UMB Bank n.a.

Key Points

• UMB Bank n.a. significantly increased its holdings in Lam Research Corporation, acquiring an additional 56,519 shares during Q2, raising its ownership by 1,149.7%.
• Lam Research's stock performed well, with a quarterly EPS of $1.33 exceeding analysts' expectations, and a reported revenue of $5.17 billion for the quarter, marking a 33.6% year-over-year increase.
• The company increased its quarterly dividend to $0.26 per share, with plans to pay this out on October 15th, representing an annualized yield of 0.8%.

UMB Bank n.a. raised its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 1,149.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,435 shares of the semiconductor company's stock after purchasing an additional 56,519 shares during the quarter. UMB Bank n.a.'s holdings in Lam Research were worth $5,980,000 at the end of the most recent quarter.

Other large investors 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 1st quarter worth approximately $26,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Lam Research by 207.3% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 284 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of Lam Research in the 4th quarter worth $31,000. Putney Financial Group LLC acquired a new stake in Lam Research during the fourth quarter valued at $36,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of Lam Research during the 1st quarter worth about $36,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Summit Insights cut shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Erste Group Bank initiated coverage on Lam Research in a research report on Thursday, August 14th. They issued a "buy" rating for the company. TD Cowen raised their target price on shares of Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. The Goldman Sachs Group initiated coverage on shares of Lam Research in a report on Thursday, July 10th. They issued a "buy" rating and a $115.00 price target for the company. Finally, Barclays set a $83.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a report on Monday, July 28th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $107.96.

Lam Research Trading Up 0.5%

LRCX stock traded up $0.60 during midday trading on Friday, reaching $126.92. 24,270,137 shares of the company's stock traded hands, compared to its average volume of 10,712,953. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The business has a 50-day moving average price of $103.36 and a two-hundred day moving average price of $88.41. The company has a market capitalization of $160.05 billion, a P/E ratio of 30.51, a PEG ratio of 1.63 and a beta of 1.76. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $128.70.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. 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 disclosed 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 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's payout ratio is presently 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.