Lam Research Corporation $LRCX Stock Position Lifted by First Pacific Financial

First Pacific Financial boosted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 7.7% during the second quarter, HoldingsChannel.com reports. The firm owned 1,766 shares of the semiconductor company’s stock after acquiring an additional 126 shares during the period. First Pacific Financial’s holdings in Lam Research were worth $172,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC purchased a new position in Lam Research during the first quarter valued at approximately $26,000. Bruce G. Allen Investments LLC grew its position in Lam Research by 207.3% in the second quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 284 shares in the last quarter. 1 North Wealth Services LLC bought a new stake in Lam Research in the first quarter worth approximately $36,000. City Holding Co. grew its position in Lam Research by 81.8% in the second quarter. City Holding Co. now owns 500 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 225 shares in the last quarter. Finally, Saudi Central Bank bought a new stake in Lam Research in the first quarter worth approximately $37,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on LRCX shares. KeyCorp boosted their target price on shares of Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Wells Fargo & Company set a $98.00 target price on shares of Lam Research and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Stifel Nicolaus boosted their target price on shares of Lam Research from $92.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Rothschild & Co Redburn boosted their target price on shares of Lam Research from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Lam Research from a “hold” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $150.00 in a research report on Monday. Twenty-two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and a consensus target price of $117.72.

Lam Research Price Performance

Shares of Lam Research stock opened at $142.79 on Thursday. The firm has a fifty day simple moving average of $108.51 and a 200-day simple moving average of $91.33. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $143.09. The stock has a market capitalization of $180.06 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 1.63 and a beta of 1.83.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. The firm 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 business’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 0.7%. The ex-dividend date is Wednesday, September 24th. This is an increase from Lam Research’s previous quarterly dividend of $0.23. 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.