Horizon Bancorp Inc. IN Purchases New Position in Lam Research Corporation $LRCX

Horizon Bancorp Inc. IN purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,000 shares of the semiconductor company’s stock, valued at approximately $389,000.

A number of other hedge funds also recently bought and sold shares of LRCX. Empowered Funds LLC grew its holdings in shares of Lam Research by 10.5% during the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after acquiring an additional 17,833 shares during the period. Pinnacle Financial Partners Inc purchased a new position in shares of Lam Research during the 1st quarter worth approximately $201,000. Cookson Peirce & Co. Inc. purchased a new position in shares of Lam Research during the 1st quarter worth approximately $607,000. China Universal Asset Management Co. Ltd. grew its holdings in shares of Lam Research by 27.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company’s stock worth $3,607,000 after acquiring an additional 10,565 shares during the period. Finally, Glass Wealth Management Co LLC grew its holdings in shares of Lam Research by 8.5% during the 2nd quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock worth $2,810,000 after acquiring an additional 2,270 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on LRCX shares. KeyCorp upped their target price on Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Rothschild & Co Redburn upped their target price on Lam Research from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Morgan Stanley set a $125.00 price target on Lam Research and gave the stock an “equal weight” rating in a research note on Monday, September 22nd. HSBC set a $127.00 price target on Lam Research and gave the stock a “hold” rating in a research note on Tuesday, September 30th. Finally, B. Riley upped their price target on Lam Research from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

Lam Research Stock Performance

LRCX stock opened at $141.00 on Friday. The stock has a market capitalization of $177.81 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 1.74 and a beta of 1.84. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $153.70. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The stock’s 50 day simple moving average is $114.10 and its 200 day simple moving average is $94.09.

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

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be given a $0.26 dividend. This is a boost 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 yield of 0.7%. Lam Research’s payout ratio is currently 25.00%.

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.