Cyndeo Wealth Partners LLC Invests $295,000 in Lam Research Corporation $LRCX

Cyndeo Wealth Partners LLC purchased a new position in Lam Research Corporation (NASDAQ:LRCX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,034 shares of the semiconductor company’s stock, valued at approximately $295,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC purchased a new position in Lam Research in the first quarter worth about $26,000. REAP Financial Group LLC purchased a new position in Lam Research in the second quarter worth about $31,000. 1 North Wealth Services LLC purchased a new position in Lam Research in the first quarter worth about $36,000. Rossby Financial LCC purchased a new position in Lam Research in the first quarter worth about $37,000. Finally, Saudi Central Bank purchased a new position in Lam Research in the first quarter worth about $37,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on LRCX shares. Deutsche Bank Aktiengesellschaft upgraded Lam Research from a “hold” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $150.00 in a research report on Monday, September 29th. KeyCorp boosted their target price on Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Rothschild & Co Redburn boosted their target price on Lam Research from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. HSBC set a $127.00 target price on Lam Research and gave the company a “hold” rating in a research report on Tuesday, September 30th. Finally, Morgan Stanley set a $125.00 target price on Lam Research and gave the company an “equal weight” rating in a research report on Monday, September 22nd. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.00.

Lam Research Stock Down 6.8%

Shares of NASDAQ:LRCX opened at $131.37 on Friday. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $153.70. The stock has a market cap of $165.66 billion, a P/E ratio of 31.58, a price-to-earnings-growth ratio of 1.60 and a beta of 1.84. The business’s 50 day moving average is $114.80 and its 200 day moving average is $94.59. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38.

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, 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 company had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Lam Research’s revenue was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 yield of 0.8%. 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 currently 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.