Community Bank N.A. Raises Stock Position in Lam Research Corporation $LRCX

Community Bank N.A. raised its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 4.6% during the second quarter, Holdings Channel reports. The firm owned 32,873 shares of the semiconductor company’s stock after buying an additional 1,442 shares during the quarter. Community Bank N.A.’s holdings in Lam Research were worth $3,200,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. REAP Financial Group LLC purchased a new position in Lam Research during the 2nd quarter valued at $31,000. Smallwood Wealth Investment Management LLC purchased a new position in Lam Research during the 1st quarter valued at $26,000. Hilltop National Bank purchased a new position in Lam Research during the 2nd quarter valued at $38,000. Bruce G. Allen Investments LLC increased its position in Lam Research by 207.3% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 284 shares during the period. Finally, 1 North Wealth Services LLC purchased a new position in Lam Research during the 1st quarter valued at $36,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Performance

Shares of LRCX stock opened at $137.81 on Tuesday. Lam Research Corporation has a one year low of $56.32 and a one year high of $153.70. The company’s 50-day moving average is $115.59 and its 200 day moving average is $95.18. The company has a market capitalization of $173.78 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 1.60 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.

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 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 for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the firm posted $1.03 EPS. Lam Research’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. Sell-side analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 24th. This is a boost from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is 25.00%.

Analysts Set New Price Targets

A number of research analysts have issued reports on LRCX shares. Rothschild & Co Redburn boosted their price objective on shares of Lam Research from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Summit Insights downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, July 31st. Morgan Stanley set a $125.00 target price on shares of Lam Research and gave the stock an “equal weight” rating in a research report on Monday, September 22nd. Oppenheimer upped 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. Finally, Barclays set a $83.00 target price on shares of Lam Research and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Twenty-three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $122.00.

Lam Research 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.