Farmers & Merchants Investments Inc. Cuts Stake in Lam Research Corporation $LRCX

Farmers & Merchants Investments Inc. reduced its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,250 shares of the semiconductor company’s stock after selling 650 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Lam Research were worth $1,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC purchased a new stake in Lam Research during the 1st quarter valued at approximately $26,000. Bruce G. Allen Investments LLC grew its holdings 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 buying an additional 284 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in Lam Research during the 4th quarter valued at approximately $31,000. Putney Financial Group LLC purchased a new stake in Lam Research during the 4th quarter valued at approximately $36,000. Finally, 1 North Wealth Services LLC purchased a new stake in Lam Research during the 1st quarter valued at approximately $36,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LRCX. Erste Group Bank began coverage on Lam Research in a research report on Thursday, August 14th. They set a “buy” rating for the company. Stifel Nicolaus increased their target price on Lam Research from $92.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Cantor Fitzgerald increased their target price on Lam Research from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. The Goldman Sachs Group began coverage on Lam Research in a research report on Thursday, July 10th. They set a “buy” rating and a $115.00 target price for the company. Finally, Wall Street Zen downgraded Lam Research from a “buy” rating to a “hold” rating in a research report on Saturday. Twenty investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.39.

Lam Research Stock Performance

Shares of Lam Research stock opened at $132.20 on Tuesday. The firm has a market cap of $166.71 billion, a P/E ratio of 31.78, a P/E/G ratio of 1.63 and a beta of 1.76. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $132.63. The stock’s fifty day moving average price is $104.01 and its 200-day moving average price is $88.78.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion for the quarter, compared to analyst estimates 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 for the quarter was up 33.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

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