Lam Research Corporation $LRCX Holdings Increased by First Pacific Financial

First Pacific Financial grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,766 shares of the semiconductor company’s stock after buying an additional 126 shares during the quarter. First Pacific Financial’s holdings in Lam Research were worth $172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LRCX. Brighton Jones LLC raised its position in shares of Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 12,936 shares in the last quarter. NBC Securities Inc. raised its position in shares of Lam Research by 581,300.0% during the 1st quarter. NBC Securities Inc. now owns 5,814 shares of the semiconductor company’s stock worth $422,000 after buying an additional 5,813 shares in the last quarter. Merit Financial Group LLC raised its position in shares of Lam Research by 17.7% during the 1st quarter. Merit Financial Group LLC now owns 25,509 shares of the semiconductor company’s stock worth $1,855,000 after buying an additional 3,845 shares in the last quarter. RFG Advisory LLC bought a new stake in shares of Lam Research during the 1st quarter worth about $559,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Lam Research during the 1st quarter worth about $77,000. 84.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wells Fargo & Company set a $98.00 target price on shares of Lam Research and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Citigroup boosted their target price on shares of Lam Research from $113.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Erste Group Bank assumed coverage on shares of Lam Research in a report on Thursday, August 14th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Lam Research from a “hold” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $150.00 in a report on Monday. Finally, Summit Insights downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, July 31st. Twenty-two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.72.

Lam Research Stock Up 6.6%

LRCX stock opened at $142.79 on Thursday. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $143.09. The company’s 50 day simple moving average is $108.51 and its 200-day simple moving average is $91.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The firm has a market capitalization of $180.06 billion, a P/E ratio of 34.32, a P/E/G ratio of 1.63 and a beta of 1.83.

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, beating analysts’ consensus estimates of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. The firm’s revenue was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business 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 dividend of $0.26 per share. The ex-dividend date of this dividend 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 yield of 0.7%. Lam Research’s payout ratio is presently 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.