Abel Hall LLC Buys Shares of 2,562 Lam Research Corporation $LRCX

Abel Hall LLC bought a new stake in Lam Research Corporation (NASDAQ:LRCX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,562 shares of the semiconductor company’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Lam Research by 6.9% in the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock valued at $9,389,358,000 after buying an additional 8,364,375 shares during the period. Invesco Ltd. increased its stake in shares of Lam Research by 2.8% in the first quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company’s stock valued at $1,259,947,000 after buying an additional 472,636 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Lam Research by 25.8% in the first quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company’s stock valued at $693,319,000 after buying an additional 1,953,221 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Lam Research by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company’s stock valued at $647,067,000 after buying an additional 418,077 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Lam Research in the first quarter valued at about $604,344,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Trading Up 1.6%

Shares of Lam Research stock opened at $142.54 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $153.70. The stock has a 50 day moving average price of $113.18 and a two-hundred day moving average price of $93.66. The stock has a market capitalization of $179.75 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 1.71 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The company’s revenue for the quarter 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 analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders 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 yield of 0.7%. This is a boost from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research’s payout ratio is 25.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LRCX shares. Citigroup increased their price target on Lam Research from $113.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Oppenheimer raised their target price on Lam Research from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Morgan Stanley set a $125.00 target price on Lam Research and gave the stock an “equal weight” rating in a research note on Monday, September 22nd. Hsbc Global Res raised Lam Research to a “hold” rating in a research note on Tuesday, September 30th. Finally, Deutsche Bank Aktiengesellschaft raised Lam Research from a “hold” rating to a “buy” rating and raised their target price for the stock from $100.00 to $150.00 in a research note on Monday, September 29th. Twenty-three investment analysts have rated the stock with a Buy rating and eight 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 a consensus price target of $121.00.

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.