Lam Research Corporation $LRCX Stock Position Increased by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 124.6% during the second quarter, Holdings Channel reports. The institutional investor owned 1,168 shares of the semiconductor company’s stock after acquiring an additional 648 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Lam Research were worth $114,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LRCX. Smallwood Wealth Investment Management LLC bought a new stake in shares of Lam Research during the 1st quarter worth about $26,000. REAP Financial Group LLC acquired a new position in shares of Lam Research in the 2nd quarter worth approximately $31,000. 1 North Wealth Services LLC acquired a new position in shares of Lam Research in the 1st quarter worth approximately $36,000. Rossby Financial LCC acquired a new position in shares of Lam Research in the 1st quarter worth approximately $37,000. Finally, Saudi Central Bank acquired a new position in shares of Lam Research in the 1st quarter worth approximately $37,000. 84.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LRCX. Mizuho lifted 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. Stifel Nicolaus set a $135.00 price objective on shares of Lam Research and gave the stock a “buy” rating in a research note on Monday. Summit Insights cut shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. Barclays set a $83.00 price objective on shares of Lam Research and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Finally, Hsbc Global Res raised shares of Lam Research to a “hold” rating in a research report on Tuesday, September 30th. Twenty-three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.00.

Lam Research Stock Performance

Lam Research stock opened at $137.81 on Tuesday. The firm’s 50 day simple moving average is $115.59 and its 200-day simple moving average is $95.18. The company has a market cap of $173.78 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 1.60 and a beta of 1.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $153.70.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate 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 last year, the firm posted $1.03 earnings per share. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities research analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This is a boost from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. Lam Research’s 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.