Lam Research Corporation $LRCX Shares Bought by Concord Asset Management LLC VA

Concord Asset Management LLC VA lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 11.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 17,502 shares of the semiconductor company’s stock after purchasing an additional 1,779 shares during the quarter. Concord Asset Management LLC VA’s holdings in Lam Research were worth $1,704,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. BankPlus Wealth Management LLC raised its position in Lam Research by 2.0% in the second quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company’s stock valued at $511,000 after purchasing an additional 105 shares during the period. ORG Partners LLC increased its position in shares of Lam Research by 7.3% during the second quarter. ORG Partners LLC now owns 1,676 shares of the semiconductor company’s stock worth $162,000 after acquiring an additional 114 shares during the period. Fairvoy Private Wealth LLC increased its position in shares of Lam Research by 3.0% during the second quarter. Fairvoy Private Wealth LLC now owns 4,185 shares of the semiconductor company’s stock worth $407,000 after acquiring an additional 120 shares during the period. Abundance Wealth Counselors increased its position in shares of Lam Research by 1.1% during the second quarter. Abundance Wealth Counselors now owns 11,537 shares of the semiconductor company’s stock worth $1,123,000 after acquiring an additional 124 shares during the period. Finally, First Pacific Financial increased its position in shares of Lam Research by 7.7% during the second quarter. First Pacific Financial now owns 1,766 shares of the semiconductor company’s stock worth $172,000 after acquiring an additional 126 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

Shares of LRCX stock opened at $131.37 on Monday. 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 firm has a fifty day moving average price of $114.80 and a 200 day moving average price of $94.73. The company has a market cap of $165.66 billion, a P/E ratio of 31.58, a PEG ratio of 1.60 and a beta of 1.84. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $153.70.

Lam Research (NASDAQ:LRCX) last issued 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. The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company’s revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be paid 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 0.8%. The ex-dividend date is Wednesday, September 24th. Lam Research’s payout ratio is currently 25.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Oppenheimer upped their price objective on Lam Research from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Barclays set a $83.00 price objective on Lam Research and gave the stock an “equal weight” rating in a research report on Monday, July 28th. TD Cowen upped their price objective on Lam Research from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Wells Fargo & Company upped their price objective on Lam Research from $98.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 2nd. Finally, Stifel Nicolaus upped their price objective on Lam Research from $92.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Twenty-three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.00.

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.