Cooper Financial Group Decreases Holdings in Lam Research Corporation $LRCX

Cooper Financial Group cut its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 27.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,288 shares of the semiconductor company’s stock after selling 1,224 shares during the quarter. Cooper Financial Group’s holdings in Lam Research were worth $320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC bought a new position in shares of Lam Research in the first quarter worth approximately $26,000. Bruce G. Allen Investments LLC grew its holdings in shares of Lam Research by 207.3% in the second quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 284 shares during the last quarter. 1 North Wealth Services LLC bought a new position in shares of Lam Research in the first quarter worth approximately $36,000. City Holding Co. grew its holdings in shares of Lam Research by 81.8% in the second 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. Finally, Saudi Central Bank bought a new position in shares of Lam Research in the first quarter worth approximately $37,000. Institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LRCX. Argus lifted their price target on shares of Lam Research from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 1st. Raymond James Financial boosted their target price on Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Summit Insights lowered Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, July 31st. Wells Fargo & Company boosted their target price on Lam Research from $98.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Barclays set a $83.00 target price on Lam Research and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Twenty-two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $119.20.

Lam Research Price Performance

NASDAQ LRCX opened at $146.99 on Friday. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $147.35. The firm has a market capitalization of $185.36 billion, a P/E ratio of 35.33, a PEG ratio of 1.74 and a beta of 1.83. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $109.49 and a 200-day moving average price of $91.80.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion during 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 revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities research 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 annualized dividend and a yield of 0.7%. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is currently 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.