Greenup Street Wealth Management LLC Increases Stock Position in Lam Research Corporation $LRCX

Greenup Street Wealth Management LLC raised its holdings in Lam Research Corporation (NASDAQ:LRCX) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,513 shares of the semiconductor company’s stock after purchasing an additional 377 shares during the quarter. Greenup Street Wealth Management LLC’s holdings in Lam Research were worth $2,970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in LRCX. Smallwood Wealth Investment Management LLC purchased a new stake in Lam Research in the 1st quarter valued at approximately $26,000. REAP Financial Group LLC purchased a new stake in Lam Research in the 2nd quarter valued at approximately $31,000. 1 North Wealth Services LLC purchased a new stake in Lam Research in the 1st quarter valued at approximately $36,000. Rossby Financial LCC purchased a new stake in Lam Research in the 1st quarter valued at approximately $37,000. Finally, Saudi Central Bank purchased a new stake in Lam Research in the 1st quarter valued at approximately $37,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Trading Up 1.8%

Shares of Lam Research stock opened at $144.05 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $153.70. The company has a market capitalization of $181.65 billion, a P/E ratio of 34.63, a P/E/G ratio of 1.72 and a beta of 1.84. The business has a 50 day moving average price of $119.90 and a 200 day moving average price of $97.75.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.Lam Research’s revenue was up 33.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were issued a $0.26 dividend. This is a boost from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, September 24th. This represents a $1.04 annualized dividend and a yield of 0.7%. Lam Research’s payout ratio is presently 25.00%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LRCX. B. Riley lifted their price target 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 lifted their price target on shares of Lam Research from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Wall Street Zen upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Oppenheimer lifted their price target on shares of Lam Research from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Lam Research from a “hold” rating to a “buy” rating and lifted their price target for the company from $100.00 to $150.00 in a research report on Monday, September 29th. Twenty-three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $128.04.

Insiders Place Their Bets

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the business’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the completion of the transaction, the senior vice president directly owned 251,047 shares in the company, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.31% of the company’s stock.

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.