Simplicity Wealth LLC Takes $6.07 Million Position in Lam Research Corporation $LRCX

Simplicity Wealth LLC purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 62,314 shares of the semiconductor company’s stock, valued at approximately $6,066,000.

Other institutional investors have also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Lam Research during the first quarter valued at approximately $26,000. 1 North Wealth Services LLC bought a new position in Lam Research during the first quarter valued at approximately $36,000. Rossby Financial LCC bought a new position in Lam Research during the first quarter valued at approximately $37,000. Saudi Central Bank bought a new position in Lam Research during the first quarter valued at approximately $37,000. Finally, Hilltop National Bank bought a new position in Lam Research during the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of NASDAQ:LRCX opened at $145.81 on Friday. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $147.91. The stock has a market capitalization of $183.87 billion, a P/E ratio of 35.05, a PEG ratio of 1.78 and a beta of 1.84. The firm has a fifty day simple moving average of $110.47 and a two-hundred day simple moving average of $92.37. 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 results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the firm earned $1.03 EPS. The firm’s revenue for the quarter 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. On average, 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 of this dividend is Wednesday, September 24th. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is 25.00%.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of research analyst reports. Rothschild & Co Redburn increased their price objective on shares of Lam Research from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group increased their price objective 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. KeyCorp increased their price objective on shares of Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Lam Research in a research report on Saturday, September 27th. Finally, Oppenheimer increased their price objective 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. Twenty-three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $119.20.

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.