City Holding Co. Increases Stock Position in Lam Research Corporation $LRCX

City Holding Co. raised its position in Lam Research Corporation (NASDAQ:LRCX) by 81.8% in the second quarter, Holdings Channel reports. The institutional investor owned 500 shares of the semiconductor company’s stock after purchasing an additional 225 shares during the period. City Holding Co.’s holdings in Lam Research were worth $49,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of LRCX. Vanguard Group Inc. increased its stake in shares of Lam Research by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock valued at $9,389,358,000 after purchasing an additional 8,364,375 shares in the last quarter. Nuveen LLC acquired a new stake in Lam Research in the first quarter valued at approximately $604,344,000. Price T Rowe Associates Inc. MD increased its position in shares of Lam Research by 99.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company’s stock valued at $417,242,000 after buying an additional 2,864,863 shares in the last quarter. Boston Partners raised its stake in shares of Lam Research by 9,978.3% during the 1st quarter. Boston Partners now owns 2,350,362 shares of the semiconductor company’s stock worth $170,787,000 after buying an additional 2,327,041 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Lam Research by 25.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company’s stock valued at $693,319,000 after buying an additional 1,953,221 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Trading Up 2.2%

NASDAQ LRCX opened at $131.09 on Tuesday. 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 stock has a market capitalization of $165.31 billion, a P/E ratio of 31.51, a PEG ratio of 1.62 and a beta of 1.76. The firm’s 50-day moving average is $106.87 and its two-hundred day moving average is $90.67. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $133.57.

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 the consensus estimate of $4.99 billion. During the same period in the previous year, the firm earned $1.03 EPS. The business’s revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts anticipate 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 dividend of $0.26 per share. This is an increase from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, September 24th. Lam Research’s dividend payout ratio (DPR) is 25.00%.

Analyst Ratings Changes

Several brokerages recently commented on LRCX. Morgan Stanley set a $125.00 price target on shares of Lam Research and gave the stock an “equal weight” rating in a report on Monday, September 22nd. Oppenheimer boosted their target price 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. Deutsche Bank Aktiengesellschaft raised shares of Lam Research from a “hold” rating to a “buy” rating and raised their price target for the company from $100.00 to $150.00 in a research note on Monday. The Goldman Sachs Group started coverage on Lam Research in a report on Thursday, July 10th. They set a “buy” rating and a $115.00 target price for the company. Finally, Erste Group Bank assumed coverage on Lam Research in a research note on Thursday, August 14th. They issued a “buy” rating on the stock. Twenty-one investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.83.

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.