VIRGINIA RETIREMENT SYSTEMS ET Al Invests $59.03 Million in Lam Research Corporation $LRCX

Key Points

• The Virginia Retirement Systems acquired a new stake in Lam Research Corporation, purchasing 606,375 shares valued at approximately $59.03 million in the second quarter.
• Lam Research recently reported an earnings per share (EPS) of $1.33 for the quarter, exceeding analysts' expectations of $1.21, and had revenue of $5.17 billion.
• The company has increased its quarterly dividend to $0.26 per share, representing an annualized dividend of $1.04 and a dividend yield of 0.7%.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 606,375 shares of the semiconductor company's stock, valued at approximately $59,025,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BankPlus Wealth Management LLC boosted its position in shares of Lam Research by 2.0% in the 2nd quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company's stock worth $511,000 after purchasing an additional 105 shares during the last quarter. ORG Partners LLC increased its holdings in Lam Research by 7.3% in the second quarter. ORG Partners LLC now owns 1,676 shares of the semiconductor company's stock valued at $162,000 after purchasing an additional 114 shares during the last quarter. Quotient Wealth Partners LLC lifted its stake in Lam Research by 2.1% in the second quarter. Quotient Wealth Partners LLC now owns 5,437 shares of the semiconductor company's stock valued at $529,000 after buying an additional 114 shares during the period. Fairvoy Private Wealth LLC boosted its holdings in Lam Research by 3.0% during the second quarter. Fairvoy Private Wealth LLC now owns 4,185 shares of the semiconductor company's stock worth $407,000 after buying an additional 120 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its holdings in Lam Research by 16.0% during the second quarter. Rosenberg Matthew Hamilton now owns 869 shares of the semiconductor company's stock worth $85,000 after buying an additional 120 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Lam Research Trading Down 0.6%

NASDAQ:LRCX opened at $141.51 on Friday. 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 Corporation has a twelve month low of $56.32 and a twelve month high of $153.70. The company has a market cap of $178.45 billion, a P/E ratio of 34.02, a price-to-earnings-growth ratio of 1.72 and a beta of 1.84. The business has a 50 day moving average price of $119.06 and a two-hundred day moving average price of $96.94.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.21 by $0.12. The business 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 firm's revenue was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were given a dividend of $0.26 per share. This is a positive change from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Lam Research's payout ratio is presently 25.00%.

Insider Activity

In other news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the completion of the sale, the senior vice president owned 251,047 shares of the company's stock, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of recent analyst reports. 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. Stifel Nicolaus set a $135.00 price objective on shares of Lam Research and gave the company a "buy" rating in a report on Monday, October 13th. The Goldman Sachs Group increased their target price on shares of Lam Research from $115.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, October 8th. Weiss Ratings reissued a "buy (b-)" rating on shares of Lam Research in a research report on Wednesday, October 8th. Finally, Needham & Company LLC upped their price objective on shares of Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Twenty-three 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, the company has a consensus rating of "Moderate Buy" and an average target price of $125.08.

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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