Access Financial Services Inc. Decreases Stock Holdings in Lam Research Corporation $LRCX

Access Financial Services Inc. reduced its position in Lam Research Corporation (NASDAQ:LRCX) by 53.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,301 shares of the semiconductor company’s stock after selling 7,336 shares during the period. Access Financial Services Inc.’s holdings in Lam Research were worth $613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Smallwood Wealth Investment Management LLC bought a new stake in shares of Lam Research during the 1st quarter valued at $26,000. 1 North Wealth Services LLC bought a new position in shares of Lam Research in the first quarter worth about $36,000. Rossby Financial LCC purchased a new position in Lam Research in the 1st quarter worth approximately $37,000. Saudi Central Bank purchased a new stake in Lam Research during the 1st quarter valued at approximately $37,000. Finally, Millstone Evans Group LLC bought a new stake in shares of Lam Research during the first quarter valued at approximately $41,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on LRCX. Barclays set a $83.00 price target on shares of Lam Research and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Cantor Fitzgerald upped their price objective on Lam Research from $120.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday. Raymond James Financial raised their target price on shares of Lam Research from $90.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Citigroup upped their price target on shares of Lam Research from $113.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Finally, TD Cowen lifted their price objective on shares of Lam Research from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Twenty-two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average price target of $117.72.

Lam Research Stock Up 6.6%

Shares of NASDAQ LRCX opened at $142.79 on Thursday. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $143.09. The firm has a 50-day simple moving average of $108.51 and a two-hundred day simple moving average of $91.33. The company has a market cap of $180.06 billion, a P/E ratio of 34.32, a PEG ratio of 1.63 and a beta of 1.83. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The company’s revenue for the quarter was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, September 24th. This is a boost 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 0.7%. Lam Research’s dividend payout ratio (DPR) is currently 25.00%.

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.