Lam Research Corporation $LRCX Shares Acquired by NRI Wealth Management LC

NRI Wealth Management LC increased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 3.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 24,191 shares of the semiconductor company’s stock after acquiring an additional 881 shares during the quarter. Lam Research comprises approximately 1.4% of NRI Wealth Management LC’s investment portfolio, making the stock its 17th largest holding. NRI Wealth Management LC’s holdings in Lam Research were worth $2,355,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LRCX. Smallwood Wealth Investment Management LLC purchased a new position in shares of Lam Research in the 1st quarter valued at $26,000. 1 North Wealth Services LLC purchased a new position in shares of Lam Research during the first quarter worth about $36,000. Rossby Financial LCC acquired a new stake in shares of Lam Research during the first quarter worth about $37,000. Saudi Central Bank acquired a new stake in shares of Lam Research during the first quarter worth about $37,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Lam Research in the 1st quarter valued at about $41,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of research reports. Cantor Fitzgerald raised their price target on Lam Research from $120.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday. Oppenheimer raised their target price on shares of Lam Research from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. The Goldman Sachs Group began coverage on shares of Lam Research in a report on Thursday, July 10th. They issued a “buy” rating and a $115.00 target price on the stock. Argus increased their price target 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of Lam Research from a “hold” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $150.00 in a research report on Monday. Twenty-two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average price target of $117.72.

Lam Research Stock Up 6.6%

LRCX stock opened at $142.79 on Thursday. Lam Research Corporation has a one year low of $56.32 and a one year high of $143.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The company has a fifty day moving average of $108.51 and a 200-day moving average of $91.33. The stock has a market capitalization of $180.06 billion, a PE ratio of 34.32, a price-to-earnings-growth ratio of 1.63 and a beta of 1.83.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) 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 firm had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the prior year, the company posted $1.03 earnings per share. The firm’s revenue for the quarter was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. Lam Research’s dividend payout ratio (DPR) is presently 25.00%.

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.