Johnson Investment Counsel Inc. Sells 242 Shares of Lam Research Corporation $LRCX

Johnson Investment Counsel Inc. cut its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,212 shares of the semiconductor company’s stock after selling 242 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Lam Research were worth $1,870,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. 1858 Wealth Management LLC boosted its holdings in Lam Research by 52.4% during the 2nd quarter. 1858 Wealth Management LLC now owns 5,137 shares of the semiconductor company’s stock valued at $500,000 after acquiring an additional 1,766 shares during the period. Apollon Wealth Management LLC boosted its holdings in Lam Research by 8.1% during the 2nd quarter. Apollon Wealth Management LLC now owns 33,196 shares of the semiconductor company’s stock valued at $3,231,000 after acquiring an additional 2,478 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in Lam Research by 10.5% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 43,344 shares of the semiconductor company’s stock valued at $4,219,000 after acquiring an additional 4,120 shares during the period. Natural Investments LLC boosted its holdings in Lam Research by 14.3% during the 2nd quarter. Natural Investments LLC now owns 3,329 shares of the semiconductor company’s stock valued at $324,000 after acquiring an additional 416 shares during the period. Finally, BCR Wealth Strategies LLC purchased a new stake in Lam Research during the 2nd quarter valued at about $256,000. 84.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Needham & Company LLC increased their target price on Lam Research from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, July 31st. B. Riley increased their target price on Lam Research from $130.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. KeyCorp increased their target price on Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Lam Research in a report on Wednesday, October 8th. Finally, HSBC set a $127.00 price objective on Lam Research and gave the stock a “hold” rating in a report on Tuesday, September 30th. Twenty-three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.00.

Lam Research Trading Up 4.9%

NASDAQ LRCX opened at $137.81 on Tuesday. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $153.70. 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 stock has a 50 day simple moving average of $115.59 and a two-hundred day simple moving average of $95.18. The stock has a market cap of $173.78 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 1.60 and a beta of 1.84.

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

Lam Research Increases Dividend

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

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.