First County Bank CT Purchases Shares of 2,742 Lam Research Corporation $LRCX

First County Bank CT purchased a new stake in Lam Research Corporation (NASDAQ:LRCX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,742 shares of the semiconductor company’s stock, valued at approximately $267,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lazari Capital Management Inc. acquired a new position in shares of Lam Research during the 2nd quarter worth about $234,000. City Holding Co. increased its stake 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 worth $49,000 after purchasing an additional 225 shares during the last quarter. Guyasuta Investment Advisors Inc. acquired a new position in shares of Lam Research during the 2nd quarter worth about $202,000. SC&H Financial Advisors Inc. increased its stake in shares of Lam Research by 4.4% during the 2nd quarter. SC&H Financial Advisors Inc. now owns 9,404 shares of the semiconductor company’s stock worth $915,000 after purchasing an additional 397 shares during the last quarter. Finally, LVW Advisors LLC acquired a new position in shares of Lam Research during the 2nd quarter worth about $245,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Up 2.2%

Shares of LRCX opened at $131.09 on Tuesday. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $133.57. The firm has a market cap of $165.31 billion, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 1.62 and a beta of 1.76. The firm’s 50-day simple moving average is $106.87 and its 200 day simple moving average is $90.67. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21.

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

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. This is an increase from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is presently 25.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LRCX shares. B. Riley boosted their price objective on shares of Lam Research from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. The Goldman Sachs Group started coverage on shares of Lam Research in a research note on Thursday, July 10th. They set a “buy” rating and a $115.00 price objective on the stock. Argus boosted their price objective on shares of Lam Research from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Morgan Stanley set a $125.00 price target on shares of Lam Research and gave the company an “equal weight” rating in a research note on Monday, September 22nd. Finally, TD Cowen upped their price target on shares of Lam Research from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Twenty-one investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $114.83.

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.