First Financial Bankshares Inc Takes $2.60 Million Position in Lam Research Corporation $LRCX

First Financial Bankshares Inc acquired a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 35,749 shares of the semiconductor company’s stock, valued at approximately $2,599,000.

Several other institutional investors have also recently modified their holdings of LRCX. Brighton Jones LLC increased its position in shares of Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Lam Research by 23.5% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 121,060 shares of the semiconductor company’s stock valued at $8,744,000 after purchasing an additional 23,015 shares during the last quarter. AlTi Global Inc. increased its position in shares of Lam Research by 1,057.8% during the 4th quarter. AlTi Global Inc. now owns 11,335 shares of the semiconductor company’s stock valued at $828,000 after purchasing an additional 10,356 shares during the last quarter. AXA S.A. increased its position in shares of Lam Research by 1,337.6% during the 4th quarter. AXA S.A. now owns 552,232 shares of the semiconductor company’s stock valued at $39,888,000 after purchasing an additional 513,819 shares during the last quarter. Finally, Aptus Capital Advisors LLC increased its position in shares of Lam Research by 2,261.2% during the 4th quarter. Aptus Capital Advisors LLC now owns 38,370 shares of the semiconductor company’s stock valued at $2,778,000 after purchasing an additional 36,745 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several analyst reports. TD Cowen increased their target price on Lam Research from $100.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Citigroup increased their target price on Lam Research from $108.00 to $113.00 and gave the company a “buy” rating in a report on Friday, August 1st. The Goldman Sachs Group initiated coverage on Lam Research in a report on Thursday, July 10th. They set a “buy” rating and a $115.00 target price for the company. Raymond James Financial increased their target price on Lam Research from $90.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Wells Fargo & Company set a $98.00 price objective on Lam Research and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.30.

Lam Research Trading Down 3.8%

NASDAQ LRCX opened at $100.15 on Monday. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $108.02. 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 $99.45 and a two-hundred day simple moving average of $85.31. The stock has a market cap of $126.75 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 1.29 and a beta of 1.76.

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. The business had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business’s revenue was up 33.6% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. 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 paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, September 24th. This is a boost from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s dividend payout ratio (DPR) is 22.12%.

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.