315 Shares in Lam Research Corporation $LRCX Bought by REAP Financial Group LLC

REAP Financial Group LLC acquired a new position in Lam Research Corporation (NASDAQ:LRCX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 315 shares of the semiconductor company’s stock, valued at approximately $31,000.

Other hedge funds have also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC bought a new position in shares of Lam Research in the 1st quarter worth about $26,000. 1 North Wealth Services LLC bought a new position in shares of Lam Research in the 1st quarter worth about $36,000. Rossby Financial LCC bought a new position in shares of Lam Research in the 1st quarter worth about $37,000. Saudi Central Bank bought a new position in shares of Lam Research in the 1st quarter worth about $37,000. Finally, Hilltop National Bank bought a new position in shares of Lam Research in the 2nd quarter worth about $38,000. 84.61% of the stock is owned by institutional investors.

Lam Research Price Performance

LRCX stock opened at $142.54 on Thursday. The company has a market capitalization of $179.75 billion, a P/E ratio of 34.26, a price-to-earnings-growth ratio of 1.71 and a beta of 1.84. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $153.70. The business has a 50-day simple moving average of $113.18 and a two-hundred day simple moving average of $93.66.

Lam Research (NASDAQ:LRCX) last posted 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. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter last year, the firm earned $1.03 EPS. The company’s quarterly revenue 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. Research analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. This is an increase from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is 25.00%.

Analysts Set New Price Targets

Several analysts have recently commented on LRCX shares. Needham & Company LLC raised their target price on Lam Research from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Argus raised their target price on Lam Research from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Cantor Fitzgerald raised their target price on Lam Research from $120.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Hsbc Global Res upgraded Lam Research to a “hold” rating in a research note on Tuesday, September 30th. Finally, Wells Fargo & Company raised their target price on Lam Research from $98.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, October 2nd. Twenty-three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

Lam Research 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.