Wealth Advisory Solutions LLC Invests $218,000 in Lam Research Corporation $LRCX

Key Points

• Wealth Advisory Solutions LLC has made a new investment in Lam Research Corporation, purchasing 2,237 shares valued at approximately $218,000 in the second quarter.
• Multiple equity research analysts have raised their price targets for Lam Research, with a consensus rating of "Moderate Buy" and a price target of $109.39.
• Lam Research recently declared an increased quarterly dividend of $0.26 per share, up from $0.23, reflecting a 22.12% dividend payout ratio.

Wealth Advisory Solutions LLC purchased a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,237 shares of the semiconductor company's stock, valued at approximately $218,000.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC grew its position in 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 acquiring an additional 17,833 shares during the period. Pinnacle Financial Partners Inc bought a new stake in Lam Research in the first quarter valued at $201,000. Cookson Peirce & Co. Inc. bought a new stake in Lam Research in the first quarter valued at $607,000. China Universal Asset Management Co. Ltd. grew its position in Lam Research by 27.1% in the first 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 during the period. Finally, First Citizens Bank & Trust Co. grew its position in Lam Research by 47.8% in the first 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 during the period. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. KeyCorp raised their price target on Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Argus raised their price target on Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 1st. Needham & Company LLC raised their price target on Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Erste Group Bank assumed coverage on Lam Research in a report on Thursday, August 14th. They set a "buy" rating for the company. Finally, Cantor Fitzgerald raised their price target on Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Twenty research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.39.

Lam Research Price Performance

NASDAQ:LRCX opened at $132.20 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The stock's 50-day simple moving average is $104.01 and its 200 day simple moving average is $88.78. The company has a market cap of $166.71 billion, a P/E ratio of 31.78, a P/E/G ratio of 1.63 and a beta of 1.76. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $132.63.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates 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 was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, sell-side analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm 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. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. This is a boost 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 (DPR) 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.

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