Oregon Public Employees Retirement Fund Buys 200 Shares of Lam Research Corporation $LRCX

Oregon Public Employees Retirement Fund grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 0.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,509 shares of the semiconductor company’s stock after acquiring an additional 200 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Lam Research were worth $10,757,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Concord Asset Management LLC VA raised its stake in Lam Research by 11.3% in the second quarter. Concord Asset Management LLC VA now owns 17,502 shares of the semiconductor company’s stock worth $1,704,000 after buying an additional 1,779 shares in the last quarter. Vest Financial LLC raised its stake in Lam Research by 93.5% in the second quarter. Vest Financial LLC now owns 277,326 shares of the semiconductor company’s stock worth $26,995,000 after buying an additional 133,993 shares in the last quarter. Montrusco Bolton Investments Inc. raised its stake in Lam Research by 48.4% in the second quarter. Montrusco Bolton Investments Inc. now owns 2,561,424 shares of the semiconductor company’s stock worth $244,220,000 after buying an additional 835,196 shares in the last quarter. Cypress Capital Group raised its stake in Lam Research by 11.4% in the second quarter. Cypress Capital Group now owns 28,312 shares of the semiconductor company’s stock worth $2,756,000 after buying an additional 2,897 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. raised its stake in Lam Research by 124.6% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,168 shares of the semiconductor company’s stock worth $114,000 after buying an additional 648 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LRCX. Oppenheimer boosted their price objective on shares of Lam Research from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. KeyCorp boosted their price objective on shares of Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Mizuho boosted their price objective on shares of Lam Research from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Erste Group Bank initiated coverage on shares of Lam Research in a research note on Thursday, August 14th. They issued a “buy” rating for the company. Finally, HSBC set a $127.00 price target on shares of Lam Research and gave the stock a “hold” rating in a report on Tuesday, September 30th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $121.00.

Lam Research Price Performance

NASDAQ LRCX opened at $131.37 on Monday. The firm has a market capitalization of $165.66 billion, a P/E ratio of 31.58, a P/E/G ratio of 1.60 and a beta of 1.84. 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 12-month low of $56.32 and a 12-month high of $153.70. The firm’s fifty day simple moving average is $114.80 and its two-hundred day simple moving average is $94.73.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data 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 firm had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. 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. Lam Research’s dividend 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.