Lam Research Corporation $LRCX Shares Acquired by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. boosted its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 124.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,168 shares of the semiconductor company’s stock after purchasing an additional 648 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Lam Research were worth $114,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Lam Research by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock worth $9,389,358,000 after acquiring an additional 8,364,375 shares in the last quarter. Invesco Ltd. lifted its position in shares of Lam Research by 2.8% during the first quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company’s stock worth $1,259,947,000 after purchasing an additional 472,636 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Lam Research by 25.8% in the first quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company’s stock worth $693,319,000 after purchasing an additional 1,953,221 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Lam Research by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company’s stock worth $647,067,000 after purchasing an additional 418,077 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Lam Research in the first quarter worth about $604,344,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Hsbc Global Res upgraded Lam Research to a “hold” rating in a research note on Tuesday, September 30th. The Goldman Sachs Group lifted their price target on Lam Research from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. HSBC set a $127.00 price target on Lam Research and gave the stock a “hold” rating in a research note on Tuesday, September 30th. Wall Street Zen upgraded Lam Research from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Finally, Mizuho raised their price target on shares of Lam Research from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. 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 stock presently has an average rating of “Moderate Buy” and an average target price of $122.00.

Lam Research Trading Up 4.9%

Lam Research stock opened at $137.81 on Tuesday. The firm’s 50-day moving average is $115.59 and its 200-day moving average is $95.18. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $153.70. The company has a market cap of $173.78 billion, a P/E ratio of 33.13, a PEG ratio of 1.60 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data 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 firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. Lam Research’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period last year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be given a $0.26 dividend. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 annualized dividend and a yield of 0.8%. This is a boost from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is 25.00%.

Lam Research 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.