Carderock Capital Management Inc. Purchases 2,247 Shares of Lam Research Corporation $LRCX

Carderock Capital Management Inc. grew its position in Lam Research Corporation (NASDAQ:LRCX) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,903 shares of the semiconductor company’s stock after purchasing an additional 2,247 shares during the period. Lam Research comprises about 2.1% of Carderock Capital Management Inc.’s portfolio, making the stock its 23rd largest position. Carderock Capital Management Inc.’s holdings in Lam Research were worth $7,917,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LRCX. Smallwood Wealth Investment Management LLC acquired a new stake in Lam Research during the 1st quarter worth $26,000. Mpwm Advisory Solutions LLC acquired a new position in Lam Research in the fourth quarter valued at about $27,000. Park Square Financial Group LLC bought a new stake in shares of Lam Research in the fourth quarter worth about $31,000. Putney Financial Group LLC acquired a new stake in shares of Lam Research during the fourth quarter worth about $36,000. Finally, 1 North Wealth Services LLC bought a new position in shares of Lam Research during the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Ratings Changes

LRCX has been the subject of a number of research reports. UBS Group increased their target price on Lam Research from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Erste Group Bank began coverage on shares of Lam Research in a research report on Thursday, August 14th. They set a “buy” rating for the company. TD Cowen raised their price objective on shares of Lam Research from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Morgan Stanley reaffirmed an “underweight” rating and issued a $92.00 target price (down from $94.00) on shares of Lam Research in a research note on Tuesday, September 2nd. Finally, Wall Street Zen upgraded Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $107.52.

Lam Research Stock Up 1.7%

Shares of LRCX stock opened at $107.36 on Thursday. The firm’s fifty day moving average price is $100.37 and its two-hundred day moving average price is $86.21. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $108.02. The firm has a market capitalization of $135.88 billion, a P/E ratio of 25.81, a PEG ratio of 1.36 and a beta of 1.76.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data 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 company 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 quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities analysts predict that Lam Research Corporation will post 3.71 EPS 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. Shareholders of record on Wednesday, September 24th will be given a dividend of $0.26 per share. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. Lam Research’s payout ratio is presently 22.12%.

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.