Cullen Frost Bankers Inc. Increases Stock Position in Lam Research Corporation $LRCX

Cullen Frost Bankers Inc. increased its position in Lam Research Corporation (NASDAQ:LRCX) by 0.3% in the second quarter, Holdings Channel.com reports. The fund owned 130,061 shares of the semiconductor company’s stock after purchasing an additional 362 shares during the period. Cullen Frost Bankers Inc.’s holdings in Lam Research were worth $12,660,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in LRCX. Smallwood Wealth Investment Management LLC purchased a new position in Lam Research in the 1st quarter worth approximately $26,000. IMG Wealth Management Inc. purchased a new position in Lam Research in the 2nd quarter worth approximately $26,000. REAP Financial Group LLC purchased a new position in Lam Research in the 2nd quarter worth approximately $31,000. 1 North Wealth Services LLC purchased a new position in Lam Research in the 1st quarter worth approximately $36,000. Finally, Rossby Financial LCC purchased a new position in Lam Research in the 1st quarter worth approximately $37,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Down 2.6%

Shares of NASDAQ LRCX opened at $141.25 on Thursday. The firm’s 50-day moving average price is $121.38 and its 200-day moving average price is $98.38. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $178.12 billion, a price-to-earnings ratio of 33.95, a P/E/G ratio of 1.76 and a beta of 1.84. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $153.70.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.04. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business’s revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were given a $0.26 dividend. This is an increase from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Lam Research’s dividend payout ratio is currently 25.00%.

Insiders Place Their Bets

In related news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the sale, the senior vice president directly owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on LRCX shares. Oppenheimer lifted their target price on shares of Lam Research from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. B. Riley boosted their price objective on shares of Lam Research from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Monday. UBS Group upped their target price on shares of Lam Research from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Lam Research in a report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $135.00 price objective on shares of Lam Research and gave the company a “buy” rating in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $128.04.

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.