OFI Invest Asset Management Grows Stock Holdings in Lam Research Corporation $LRCX

OFI Invest Asset Management grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 45.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,419 shares of the semiconductor company’s stock after purchasing an additional 442 shares during the quarter. OFI Invest Asset Management’s holdings in Lam Research were worth $138,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. REAP Financial Group LLC acquired a new position in shares of Lam Research during the second quarter valued at about $31,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Lam Research during the first quarter valued at about $26,000. Hilltop National Bank acquired a new position in shares of Lam Research during the second quarter valued at about $38,000. Bruce G. Allen Investments LLC increased its holdings in shares of Lam Research by 207.3% during the second quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 284 shares in the last quarter. Finally, 1 North Wealth Services LLC acquired a new position in shares of Lam Research during the first quarter valued at about $36,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on LRCX. The Goldman Sachs Group upped their price objective on shares of Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. B. Riley increased their price target on shares of Lam Research from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. KeyCorp increased their price target on shares of Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Wall Street Zen upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Finally, Barclays set a $83.00 price target on shares of Lam Research and gave the stock an “equal weight” rating in a report on Monday, July 28th. Twenty-three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $121.00.

Lam Research Trading Down 6.8%

Lam Research stock opened at $131.37 on Monday. 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 $153.70. The stock’s 50 day simple moving average is $114.80 and its two-hundred day simple moving average is $94.73. The firm has a market cap of $165.66 billion, a PE ratio of 31.58, a P/E/G 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 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 business had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. The business’s quarterly 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. Analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The firm 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 is a positive change from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. Lam Research’s payout ratio is 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.