Lam Research Corporation $LRCX Stake Lessened by Riverview Trust Co

Riverview Trust Co decreased its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 26.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 800 shares of the semiconductor company’s stock after selling 290 shares during the period. Riverview Trust Co’s holdings in Lam Research were worth $78,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Lam Research in the first quarter valued at $26,000. Bruce G. Allen Investments LLC grew its holdings in Lam Research by 207.3% during the second quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 284 shares during the period. 1 North Wealth Services LLC acquired a new stake in Lam Research in the 1st quarter valued at about $36,000. City Holding Co. boosted its position in shares of Lam Research by 81.8% during the 2nd quarter. City Holding Co. now owns 500 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 225 shares in the last quarter. Finally, Saudi Central Bank acquired a new position in shares of Lam Research in the 1st quarter worth approximately $37,000. 84.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on LRCX. Mizuho increased their target price on shares of Lam Research from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Wall Street Zen downgraded Lam Research from a “buy” rating to a “hold” rating in a research report on Saturday, September 20th. Oppenheimer lifted their target price on Lam Research from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. TD Cowen upped their target price on Lam Research from $100.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Erste Group Bank started coverage on Lam Research in a research note on Thursday, August 14th. They issued a “buy” rating on the stock. Twenty-two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.72.

Lam Research Trading Up 6.6%

Shares of NASDAQ LRCX opened at $142.79 on Thursday. 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 one year low of $56.32 and a one year high of $143.09. The business has a 50-day moving average price of $108.51 and a two-hundred day moving average price of $91.33. The firm has a market capitalization of $180.06 billion, a PE ratio of 34.32, a PEG ratio of 1.63 and a beta of 1.83.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. The company had revenue of $5.17 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal 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 paid a dividend of $0.26 per share. 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 dividend on an annualized basis and a dividend yield of 0.7%. Lam Research’s dividend payout ratio (DPR) is 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.