Pflug Koory LLC Invests $49,000 in Lam Research Corporation $LRCX

Pflug Koory LLC acquired a new position in Lam Research Corporation (NASDAQ:LRCX) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 500 shares of the semiconductor company’s stock, valued at approximately $49,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Empowered Funds LLC raised its position in shares of Lam Research by 10.5% during the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after purchasing an additional 17,833 shares during the period. Pinnacle Financial Partners Inc acquired a new stake in shares of Lam Research during the first quarter worth $201,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Lam Research during the first quarter worth $607,000. China Universal Asset Management Co. Ltd. raised its position in shares of Lam Research by 27.1% during the first quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company’s stock worth $3,607,000 after purchasing an additional 10,565 shares during the period. Finally, First Citizens Bank & Trust Co. raised its position in shares of Lam Research by 47.8% during the first quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company’s stock worth $8,862,000 after purchasing an additional 39,414 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Price Performance

NASDAQ LRCX opened at $145.81 on Friday. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $147.91. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The stock has a market capitalization of $183.87 billion, a PE ratio of 35.05, a P/E/G ratio of 1.79 and a beta of 1.84. The stock has a 50-day simple moving average of $110.47 and a 200 day simple moving average of $92.27.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. The firm’s revenue 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. Research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be issued a $0.26 dividend. This is a positive change 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 annualized dividend and a yield of 0.7%. Lam Research’s payout ratio is currently 25.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LRCX shares. The Goldman Sachs Group started coverage on Lam Research in a research report on Thursday, July 10th. They set a “buy” rating and a $115.00 target price on the stock. Citigroup lifted their price target on Lam Research from $113.00 to $120.00 and gave the company a “buy” rating in a report on Monday, September 8th. Erste Group Bank began coverage on Lam Research in a research note on Thursday, August 14th. They issued a “buy” rating for the company. Summit Insights cut Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. Finally, Oppenheimer upped their price target on Lam Research from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and an average target price of $119.20.

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.