Vanguard Personalized Indexing Management LLC Purchases 9,208 Shares of Lam Research Corporation $LRCX

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Lam Research Corporation by 4.8% during the second quarter, now holding over 202,727 shares valued at approximately $19.7 million.
• Lam Research recently reported earnings of $1.33 per share, surpassing estimates, and a revenue of $5.17 billion, up 33.6% year-over-year.
• The company has announced a dividend increase to $0.26 per share, marking a positive change from the previous dividend of $0.23, resulting in an annualized yield of approximately 0.8%.

Vanguard Personalized Indexing Management LLC raised its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 4.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 202,727 shares of the semiconductor company's stock after purchasing an additional 9,208 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Lam Research were worth $19,734,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Lam Research by 6.9% in the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after acquiring an additional 8,364,375 shares during the period. Invesco Ltd. boosted its holdings in shares of Lam Research by 2.8% in the first quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock worth $1,259,947,000 after acquiring an additional 472,636 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Lam Research by 25.8% in the first quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock worth $693,319,000 after acquiring an additional 1,953,221 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lam Research by 4.9% in 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 during the period. Finally, Nuveen LLC bought a new position in shares of Lam Research in the first quarter worth $604,344,000. 84.61% of the stock is owned by institutional investors.

Lam Research Trading Down 6.8%

NASDAQ LRCX opened at $131.37 on Friday. The stock's 50-day simple moving average is $114.80 and its two-hundred day simple moving average is $94.59. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $153.70. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $165.66 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 1.60 and a beta of 1.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share 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 for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the business posted $1.03 earnings per share. The company's revenue for the quarter was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company 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 dividend of $0.26 per share. The ex-dividend date is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. Lam Research's dividend payout ratio (DPR) is 25.00%.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on Lam Research from $98.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, October 2nd. The Goldman Sachs Group raised their price target on Lam Research from $115.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday. Argus increased their price objective on Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Summit Insights downgraded Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Finally, Raymond James Financial increased their price objective on Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Twenty-three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and an average target price of $121.00.

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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