Checchi Capital Advisers LLC Has $1.71 Million Stock Holdings in Lam Research Corporation $LRCX

Checchi Capital Advisers LLC trimmed its stake in Lam Research Corporation (NASDAQ:LRCX) by 6.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,566 shares of the semiconductor company’s stock after selling 1,216 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Lam Research were worth $1,710,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of LRCX. Smallwood Wealth Investment Management LLC bought a new position in shares of Lam Research in the first quarter valued at $26,000. Hilltop National Bank bought a new position in shares of Lam Research during the second quarter valued at about $38,000. Bruce G. Allen Investments LLC lifted its position 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 purchasing an additional 284 shares in the last quarter. 1 North Wealth Services LLC bought a new position in shares of Lam Research during the first quarter valued at about $36,000. Finally, City Holding Co. lifted its position in shares of Lam Research by 81.8% during the second quarter. City Holding Co. now owns 500 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 225 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LRCX has been the topic of several research reports. Needham & Company LLC lifted their price objective on shares of Lam Research from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Citigroup lifted their price objective on shares of Lam Research from $113.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. UBS Group lifted their price objective on shares of Lam Research from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Hsbc Global Res raised shares of Lam Research to a “hold” rating in a research report on Tuesday, September 30th. Finally, Stifel Nicolaus lifted their price objective on shares of Lam Research from $92.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Twenty-three investment 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 stock currently has an average rating of “Moderate Buy” and an average target price of $119.20.

Lam Research Trading Down 0.8%

Shares of Lam Research stock opened at $145.81 on Friday. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $147.91. The firm has a market cap of $183.87 billion, a PE ratio of 35.05, a PEG ratio of 1.78 and a beta of 1.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The company has a 50 day simple moving average of $110.47 and a two-hundred day simple moving average of $92.37.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data 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 analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business’s quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 24th. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s dividend payout ratio (DPR) 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.