Police & Firemen s Retirement System of New Jersey Acquires 7,174 Shares of Lam Research Corporation $LRCX

Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,171 shares of the semiconductor company’s stock after buying an additional 7,174 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Lam Research were worth $18,901,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Empowered Funds LLC boosted its stake in shares of Lam Research by 10.5% in the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after buying an additional 17,833 shares during the last quarter. Genus Capital Management Inc. bought a new stake in shares of Lam Research during the 2nd quarter worth $14,476,000. Cookson Peirce & Co. Inc. bought a new position in Lam Research during the first quarter valued at about $607,000. Glass Wealth Management Co LLC increased its holdings in Lam Research by 8.5% during the second 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 last quarter. Finally, First Interstate Bank bought a new stake in Lam Research in the second quarter worth about $230,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Up 1.4%

LRCX opened at $161.42 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60. Lam Research Corporation has a one year low of $56.32 and a one year high of $167.15. The firm has a market capitalization of $202.75 billion, a P/E ratio of 35.56, a price-to-earnings-growth ratio of 1.68 and a beta of 1.87. The company has a fifty day moving average price of $138.78 and a 200-day moving average price of $108.56.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.04. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company’s revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Equities research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. Lam Research’s dividend payout ratio is currently 22.91%.

Insiders Place Their Bets

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred 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 directly owned 251,047 shares in the company, valued at $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ava Harter sold 9,010 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the completion of the sale, the insider owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. The trade was a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 62,528 shares of company stock valued at $8,880,448 over the last 90 days. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on LRCX. Barclays set a $142.00 price target on shares of Lam Research and gave the stock an “equal weight” rating in a report on Monday, October 20th. Mizuho boosted their price objective on Lam Research from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group lifted their target price on shares of Lam Research from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Raymond James Financial upped their price target on shares of Lam Research from $90.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, New Street Research boosted their target price on shares of Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $149.04.

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.