Morningstar Investment Management LLC Takes Position in Lam Research Corporation $LRCX

Morningstar Investment Management LLC acquired a new stake in Lam Research Corporation (NASDAQ:LRCX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,437 shares of the semiconductor company’s stock, valued at approximately $237,000.

Other large investors have also made changes to their positions in the company. REAP Financial Group LLC purchased a new position in shares of Lam Research in the second quarter valued at about $31,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Lam Research in the first quarter valued at about $26,000. Hilltop National Bank bought a new position in shares of Lam Research during the 2nd quarter valued at about $38,000. Bruce G. Allen Investments LLC boosted its holdings in shares of Lam Research by 207.3% during the 2nd 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 during the last quarter. Finally, 1 North Wealth Services LLC bought a new position in shares of Lam Research during the 1st quarter valued at about $36,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Up 0.4%

Shares of NASDAQ:LRCX opened at $138.31 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $153.70. The company has a 50-day moving average price of $116.42 and a 200 day moving average price of $95.48. The company has a market cap of $174.41 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 1.67 and a beta of 1.84.

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. As a group, equities research analysts predict 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. This is an increase from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. 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 Upgrades and Downgrades

Several research analysts have commented on the stock. 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 report on Tuesday, July 15th. Hsbc Global Res raised shares of Lam Research to a “hold” rating in a report on Tuesday, September 30th. Raymond James Financial increased their price objective on shares of Lam Research from $90.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. 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 report on Thursday, July 31st. Finally, Citigroup increased their price target on shares of Lam Research from $113.00 to $120.00 and gave the company a “buy” rating in a report on Monday, September 8th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $123.80.

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.