Precedent Wealth Partners LLC Increases Stake in Lam Research Corporation $LRCX

Precedent Wealth Partners LLC raised its position in Lam Research Corporation (NASDAQ:LRCX) by 13.3% during the second quarter, HoldingsChannel reports. The firm owned 32,568 shares of the semiconductor company’s stock after purchasing an additional 3,811 shares during the period. Precedent Wealth Partners LLC’s holdings in Lam Research were worth $3,170,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LRCX. Brighton Jones LLC lifted its holdings in Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 12,936 shares in the last quarter. NBC Securities Inc. lifted its holdings in Lam Research by 581,300.0% in the 1st quarter. NBC Securities Inc. now owns 5,814 shares of the semiconductor company’s stock valued at $422,000 after purchasing an additional 5,813 shares in the last quarter. Merit Financial Group LLC lifted its holdings in Lam Research by 17.7% in the 1st quarter. Merit Financial Group LLC now owns 25,509 shares of the semiconductor company’s stock valued at $1,855,000 after purchasing an additional 3,845 shares in the last quarter. RFG Advisory LLC purchased a new position in Lam Research in the 1st quarter valued at $559,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Lam Research by 33.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 12,985 shares of the semiconductor company’s stock valued at $944,000 after purchasing an additional 3,220 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on LRCX. Wall Street Zen upgraded Lam Research from a “hold” rating to a “buy” rating in a report on Saturday. Oppenheimer lifted their price target on Lam Research from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Cantor Fitzgerald lifted their price target on Lam Research from $120.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday. Barclays set a $83.00 price target on Lam Research and gave the stock an “equal weight” rating in a report on Monday, July 28th. Finally, UBS Group lifted their price target on Lam Research from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Twenty-three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average target price of $119.20.

Lam Research Stock Down 0.8%

Shares of NASDAQ:LRCX opened at $145.81 on Friday. The business has a 50-day moving average price of $110.47 and a 200 day moving average price of $92.27. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $183.87 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 1.79 and a beta of 1.84. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $147.91.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping 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 return on equity of 58.17% and a net margin of 29.07%.The company’s quarterly revenue was up 33.6% on a year-over-year basis. During the same period last year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given 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 an increase from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s dividend payout ratio is presently 25.00%.

Lam Research Company 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.