BankPlus Trust Department Boosts Position in Lam Research Corporation $LRCX

BankPlus Trust Department grew its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 2.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,276 shares of the semiconductor company’s stock after purchasing an additional 592 shares during the period. BankPlus Trust Department’s holdings in Lam Research were worth $2,071,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Lam Research during the first quarter valued at approximately $26,000. 1 North Wealth Services LLC purchased a new stake in shares of Lam Research during the first quarter valued at approximately $36,000. Rossby Financial LCC purchased a new stake in shares of Lam Research during the first quarter valued at approximately $37,000. Saudi Central Bank purchased a new stake in shares of Lam Research during the first quarter valued at approximately $37,000. Finally, Hilltop National Bank purchased a new stake in shares of Lam Research during the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX opened at $140.35 on Wednesday. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $153.70. The company has a market cap of $176.99 billion, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 1.82 and a beta of 1.84. 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 firm has a fifty day moving average of $112.31 and a 200-day moving average of $93.32.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the company 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 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 issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 24th. This is an increase from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.7%. Lam Research’s dividend payout ratio is currently 25.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LRCX shares. Cantor Fitzgerald raised their price target on shares of Lam Research from $120.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Rothschild & Co Redburn raised their price target on shares of Lam Research from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Hsbc Global Res raised shares of Lam Research to a “hold” rating in a research report on Tuesday, September 30th. Oppenheimer raised their price target 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Lam Research in a research report on Saturday, September 27th. Twenty-three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and an average price target of $119.20.

Lam Research Company 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.