Rehmann Capital Advisory Group Has $851,000 Stock Position in Lam Research Corporation $LRCX

Rehmann Capital Advisory Group grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,742 shares of the semiconductor company’s stock after purchasing an additional 533 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Lam Research were worth $851,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC increased its position in shares of Lam Research by 10.5% during the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after purchasing an additional 17,833 shares during the last quarter. Pinnacle Financial Partners Inc bought a new position in shares of Lam Research in the 1st quarter valued at about $201,000. Cookson Peirce & Co. Inc. bought a new position in shares of Lam Research in the 1st quarter valued at about $607,000. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Lam Research by 27.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company’s stock worth $3,607,000 after buying an additional 10,565 shares during the period. Finally, Glass Wealth Management Co LLC boosted its holdings in shares of Lam Research by 8.5% during the 2nd quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock worth $2,810,000 after buying an additional 2,270 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analysts Set New Price Targets

LRCX has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Lam Research from a “hold” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $150.00 in a report on Monday, September 29th. Oppenheimer lifted their target price on shares of Lam Research from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Summit Insights downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, July 31st. Erste Group Bank initiated coverage on shares of Lam Research in a report on Thursday, August 14th. They set a “buy” rating for the company. Finally, Raymond James Financial lifted their target price on shares of Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.04.

Lam Research Stock Performance

NASDAQ LRCX opened at $141.25 on Thursday. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $153.70. 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 firm has a market capitalization of $178.12 billion, a price-to-earnings ratio of 33.95, a P/E/G ratio of 1.76 and a beta of 1.84. The firm’s 50 day simple moving average is $121.38 and its 200 day simple moving average is $98.38.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same quarter last year, the business posted $0.86 earnings per share. The company’s quarterly revenue was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were given a $0.26 dividend. This is an increase from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, September 24th. Lam Research’s dividend payout ratio (DPR) is 25.00%.

Insider Activity at Lam Research

In other news, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.31% of the company’s stock.

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.