Franklin Street Advisors Inc. NC Has $370,000 Holdings in Lam Research Corporation $LRCX

Franklin Street Advisors Inc. NC grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 27.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,805 shares of the semiconductor company’s stock after purchasing an additional 815 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Lam Research were worth $370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Lam Research by 6.9% during the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock worth $9,389,358,000 after acquiring an additional 8,364,375 shares during the last quarter. Invesco Ltd. lifted its position in Lam Research by 2.8% during the first quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company’s stock worth $1,259,947,000 after acquiring an additional 472,636 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Lam Research by 25.8% during the first quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company’s stock worth $693,319,000 after acquiring an additional 1,953,221 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Lam Research by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company’s stock worth $647,067,000 after acquiring an additional 418,077 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Lam Research during the first quarter worth approximately $604,344,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LRCX. Argus raised their price objective on shares of Lam Research from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. UBS Group raised their target price on shares of Lam Research from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Wall Street Zen raised shares of Lam Research from a “hold” rating to a “buy” rating in a report on Saturday. Summit Insights cut shares of Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, July 31st. Finally, KeyCorp raised their target price on shares of Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $119.20.

Lam Research Stock Performance

Shares of NASDAQ:LRCX opened at $145.81 on Friday. The company’s 50 day simple moving average is $110.47 and its 200 day simple moving average is $92.27. The stock has a market capitalization of $183.87 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 1.79 and a beta of 1.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $147.91.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. The business had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, research analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Lam Research’s payout ratio is presently 25.00%.

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.