Deroy & Devereaux Private Investment Counsel Inc. Buys 131 Shares of Lam Research Corporation $LRCX

Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 0.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 263,089 shares of the semiconductor company’s stock after purchasing an additional 131 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Lam Research were worth $25,609,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC bought a new stake in shares of Lam Research during the 1st quarter valued at approximately $26,000. REAP Financial Group LLC acquired a new stake in Lam Research during the 2nd quarter worth approximately $31,000. 1 North Wealth Services LLC acquired a new stake in Lam Research during the 1st quarter worth approximately $36,000. Rossby Financial LCC acquired a new stake in Lam Research during the 1st quarter worth approximately $37,000. Finally, Saudi Central Bank acquired a new stake in Lam Research during the 1st quarter worth approximately $37,000. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Up 0.4%

Shares of NASDAQ LRCX opened at $138.31 on Wednesday. The company has a market capitalization of $174.41 billion, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 1.67 and a beta of 1.84. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $153.70. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The company’s 50 day moving average price is $116.42 and its 200-day moving average price is $95.48.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be given a $0.26 dividend. This is an increase from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. Lam Research’s dividend payout ratio is presently 25.00%.

Insider Activity

In related news, SVP Vahid Vahedi sold 52,190 shares of the business’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president owned 251,047 shares in the company, valued at $34,870,428.30. The trade was a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Rothschild & Co Redburn lifted their target price on shares of Lam Research from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday. Mizuho lifted their target price on shares of Lam Research from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Morgan Stanley set a $125.00 target price on shares of Lam Research and gave the stock an “equal weight” rating in a research report on Monday, September 22nd. Cantor Fitzgerald lifted their target price on shares of Lam Research from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, The Goldman Sachs Group lifted their target price on shares of Lam Research from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Twenty-three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $123.80.

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.