Warren Street Wealth Advisors LLC Acquires New Position in Lam Research Corporation $LRCX

Key Points

• Warren Street Wealth Advisors LLC has acquired 2,163 shares of Lam Research Corporation, valued at approximately $211,000, marking a new position in the semiconductor company.
• Several institutional investors, including Empowered Funds LLC and China Universal Asset Management Co. Ltd., have recently increased their stakes in Lam Research, highlighting strong interest in the company with institutional ownership now at 84.61%.
• Lam Research's shares have received multiple price target upgrades from analysts, with Deutsche Bank raising its price target to $150.00 and a consensus target price of $117.72.

Warren Street Wealth Advisors LLC acquired a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,163 shares of the semiconductor company's stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC lifted its stake in shares of Lam Research by 10.5% in the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock valued at $13,629,000 after purchasing an additional 17,833 shares during the period. Pinnacle Financial Partners Inc purchased a new position in Lam Research during the 1st quarter valued at about $201,000. Cookson Peirce & Co. Inc. purchased a new position in Lam Research during the 1st quarter valued at about $607,000. China Universal Asset Management Co. Ltd. increased its holdings in Lam Research by 27.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock valued at $3,607,000 after acquiring an additional 10,565 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its holdings in Lam Research by 47.8% during the 1st quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock valued at $8,862,000 after acquiring an additional 39,414 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on LRCX. 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 report on Thursday, July 31st. Mizuho lifted their price target on shares of Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Raymond James Financial lifted their price target on shares of Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft upgraded shares of Lam Research from a "hold" rating to a "buy" rating and lifted their price target for the stock from $100.00 to $150.00 in a report on Monday. Finally, HSBC set a $127.00 price target on shares of Lam Research and gave the stock a "hold" rating in a report on Tuesday. Twenty-two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and a consensus target price of $117.72.

Lam Research Trading Up 6.6%

NASDAQ LRCX opened at $142.79 on Thursday. The company's fifty day simple moving average is $108.51 and its 200-day simple moving average is $91.33. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $143.09. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The stock has a market cap of $180.06 billion, a P/E ratio of 34.32, a PEG ratio of 1.63 and a beta of 1.83.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business had revenue of $5.17 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The business's revenue for the quarter was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities research analysts predict 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 will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be issued a $0.26 dividend. This is a boost from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend payout ratio is currently 25.00%.

Lam Research Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.