Vest Financial LLC Raises Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Vest Financial LLC increased its stake in Lam Research Corporation by 93.5%, acquiring an additional 133,993 shares, bringing its total holdings to 277,326 shares worth approximately $26.995 million.
• Lam Research reported earnings per share of $1.33 for the last quarter, surpassing analyst estimates and showing a revenue increase of 33.6% year-over-year.
• The company has declared a quarterly dividend of $0.26 per share, marking an increase from the previous dividend, with the ex-dividend date set for September 24th.

Vest Financial LLC boosted its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 93.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 277,326 shares of the semiconductor company's stock after buying an additional 133,993 shares during the quarter. Vest Financial LLC's holdings in Lam Research were worth $26,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Smallwood Wealth Investment Management LLC purchased a new stake in Lam Research in the first quarter worth $26,000. REAP Financial Group LLC purchased a new stake in Lam Research in the second quarter worth $31,000. 1 North Wealth Services LLC purchased a new stake in Lam Research in the first quarter worth $36,000. Rossby Financial LCC purchased a new stake in Lam Research in the first quarter worth $37,000. Finally, Saudi Central Bank purchased a new stake in Lam Research in the first quarter worth $37,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Price Performance

NASDAQ:LRCX opened at $131.37 on Monday. The firm has a market capitalization of $165.66 billion, a price-to-earnings ratio of 31.58, a P/E/G ratio of 1.60 and a beta of 1.84. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $153.70. The stock has a fifty day moving average of $114.80 and a 200 day moving average of $94.73. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21.

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, beating the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm's quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter last year, the company earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, research analysts expect 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 paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. This is an increase from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend payout ratio is presently 25.00%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised Lam Research from a "hold" rating to a "buy" rating and raised their target price for the stock from $100.00 to $150.00 in a research report on Monday, September 29th. 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. Erste Group Bank assumed coverage on Lam Research in a report on Thursday, August 14th. They issued a "buy" rating for the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Lam Research in a report on Wednesday, October 8th. Finally, Rothschild & Co Redburn raised their price target on Lam Research from $115.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, October 1st. Twenty-three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $121.00.

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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