BridgePort Financial Solutions LLC Makes New Investment in Lam Research Corporation $LRCX

BridgePort Financial Solutions LLC purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 2,749 shares of the semiconductor company’s stock, valued at approximately $268,000.

A number of other institutional investors also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC purchased a new position in Lam Research during the 1st quarter valued at about $26,000. 1 North Wealth Services LLC purchased a new stake in shares of Lam Research in the first quarter valued at about $36,000. Rossby Financial LCC acquired a new stake in shares of Lam Research in the first quarter valued at approximately $37,000. Saudi Central Bank purchased a new position in shares of Lam Research during the 1st quarter worth approximately $37,000. Finally, Hilltop National Bank acquired a new position in shares of Lam Research during the 2nd quarter worth approximately $38,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of analyst reports. Erste Group Bank assumed coverage on Lam Research in a report on Thursday, August 14th. They set a “buy” rating on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Lam Research in a research note on Saturday, September 27th. Needham & Company LLC raised their price target on shares of Lam Research from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Barclays set a $83.00 price objective on shares of Lam Research and gave the company an “equal weight” rating in a research report on Monday, July 28th. Finally, Hsbc Global Res upgraded shares of Lam Research to a “hold” rating in a research report on Tuesday, September 30th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.20.

Lam Research Stock Down 0.8%

Shares of NASDAQ:LRCX opened at $145.81 on Friday. The company has a market capitalization of $183.87 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 1.78 and a beta of 1.84. The company has a 50 day moving average of $110.47 and a two-hundred day 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 52-week low of $56.32 and a 52-week high of $147.91.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion for 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 firm’s quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis 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 is Wednesday, September 24th. Lam Research’s payout ratio is presently 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.