Aaron Wealth Advisors LLC Buys 1,666 Shares of Lam Research Corporation $LRCX

Aaron Wealth Advisors LLC raised its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 15.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 12,770 shares of the semiconductor company’s stock after purchasing an additional 1,666 shares during the period. Aaron Wealth Advisors LLC’s holdings in Lam Research were worth $1,243,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Lam Research in the second quarter valued at about $1,230,000. Keystone Wealth Services LLC purchased a new position in shares of Lam Research in the second quarter valued at about $235,000. Krilogy Financial LLC purchased a new position in shares of Lam Research in the second quarter valued at about $2,065,000. Fragasso Financial Advisors Inc purchased a new position in shares of Lam Research in the second quarter valued at about $310,000. Finally, Fiduciary Alliance LLC purchased a new position in shares of Lam Research in the second quarter valued at about $316,000. Institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

LRCX has been the topic of several research analyst reports. The Goldman Sachs Group initiated coverage on Lam Research in a research report on Thursday, July 10th. They issued a “buy” rating and a $115.00 price objective on the stock. B. Riley restated a “buy” rating and issued a $115.00 price objective (up from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. TD Cowen boosted their price objective on Lam Research from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Needham & Company LLC boosted their price objective on Lam Research from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, Barclays set a $83.00 target price on Lam Research and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and a consensus price target of $107.96.

Lam Research Trading Up 1.1%

LRCX opened at $120.47 on Wednesday. The stock has a market cap of $151.92 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 1.53 and a beta of 1.76. The stock’s 50 day moving average price is $101.91 and its 200-day moving average price is $87.33. Lam Research Corporation has a one year low of $56.32 and a one year high of $120.97. 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 (NASDAQ:LRCX) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion for 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%.The company’s quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter in the prior 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, equities analysts forecast that Lam Research Corporation will post 3.71 EPS for the current 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 paid a dividend of $0.26 per share. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research’s payout ratio is currently 22.12%.

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.