Bay Harbor Wealth Management LLC Raises Stock Holdings in Lam Research Corporation $LRCX

Bay Harbor Wealth Management LLC raised its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 46.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,632 shares of the semiconductor company’s stock after buying an additional 515 shares during the quarter. Bay Harbor Wealth Management LLC’s holdings in Lam Research were worth $159,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LRCX. Smallwood Wealth Investment Management LLC acquired a new stake in Lam Research during the first quarter valued at approximately $26,000. 1 North Wealth Services LLC acquired a new stake in Lam Research during the first quarter valued at approximately $36,000. Rossby Financial LCC acquired a new stake in shares of Lam Research during the 1st quarter worth approximately $37,000. Saudi Central Bank acquired a new stake in shares of Lam Research during the 1st quarter worth approximately $37,000. Finally, Hilltop National Bank acquired a new stake in shares of Lam Research during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen upgraded Lam Research from a “hold” rating to a “buy” rating in a research report on Saturday. B. Riley increased their price target on Lam Research from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Mizuho increased their price target on Lam Research from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Cantor Fitzgerald increased their price objective on Lam Research from $120.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Morgan Stanley set a $125.00 price objective on Lam Research and gave the stock an “equal weight” rating in a report on Monday, September 22nd. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and a consensus target price of $119.20.

Lam Research Stock Performance

Shares of Lam Research stock opened at $145.81 on Friday. The stock has a market cap of $183.87 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 1.78 and a beta of 1.84. The business has a fifty day simple moving average of $110.47 and a 200-day simple moving average of $92.37. 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 12 month low of $56.32 and a 12 month high of $147.91.

Lam Research (NASDAQ:LRCX) last issued 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 return on equity of 58.17% and a net margin of 29.07%.Lam Research’s revenue was up 33.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. 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 payout ratio is 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.