Independent Solutions Wealth Management LLC Increases Position in Lam Research Corporation $LRCX

Independent Solutions Wealth Management LLC grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 18.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,593 shares of the semiconductor company’s stock after buying an additional 1,040 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Lam Research were worth $642,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in LRCX. Empowered Funds LLC increased its stake in Lam Research by 10.5% during the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after acquiring an additional 17,833 shares during the last quarter. Pinnacle Financial Partners Inc purchased a new stake in shares of Lam Research during the first quarter worth about $201,000. Cookson Peirce & Co. Inc. purchased a new position in shares of Lam Research during the 1st quarter valued at approximately $607,000. China Universal Asset Management Co. Ltd. increased its stake in shares of Lam Research by 27.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company’s stock worth $3,607,000 after buying an additional 10,565 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in Lam Research by 47.8% during the 1st quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company’s stock valued at $8,862,000 after acquiring an additional 39,414 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Lam Research from a “hold” rating to a “buy” rating and boosted their price target for the company from $100.00 to $150.00 in a report on Monday, September 29th. The Goldman Sachs Group initiated coverage on shares of Lam Research in a report on Thursday, July 10th. They issued a “buy” rating and a $115.00 price target for the company. HSBC set a $127.00 target price on shares of Lam Research and gave the stock a “hold” rating in a report on Tuesday, September 30th. TD Cowen increased their price target on Lam Research from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Oppenheimer increased their target price on Lam Research from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Twenty-three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and an average target price of $119.20.

Lam Research Stock Up 2.3%

LRCX opened at $149.15 on Tuesday. 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 company has a market capitalization of $188.08 billion, a PE ratio of 35.85, a P/E/G ratio of 1.78 and a beta of 1.84. The stock’s fifty day moving average is $111.48 and its 200-day moving average is $92.99. Lam Research Corporation has a one year low of $56.32 and a one year high of $153.70.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion during 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 revenue for the quarter 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. On average, equities 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. Stockholders of record on Wednesday, September 24th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research’s payout ratio is presently 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.