Valley Brook Capital Group Inc. Grows Stake in Lam Research Corporation $LRCX

Valley Brook Capital Group Inc. boosted its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,760 shares of the semiconductor company’s stock after purchasing an additional 130 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Lam Research were worth $658,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. REAP Financial Group LLC purchased a new position in Lam Research during the 2nd quarter worth $31,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Lam Research in the 1st quarter valued at $26,000. Hilltop National Bank purchased a new position in shares of Lam Research in the 2nd quarter valued at $38,000. Bruce G. Allen Investments LLC increased its holdings in shares of Lam Research by 207.3% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 284 shares during the period. Finally, 1 North Wealth Services LLC purchased a new position in shares of Lam Research in the 1st quarter valued at $36,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Down 6.8%

Lam Research stock opened at $131.37 on Friday. 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 stock has a market capitalization of $165.66 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 1.60 and a beta of 1.84. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $153.70. The business has a fifty day moving average price of $114.80 and a 200-day moving average price of $94.59.

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 analysts’ consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business’s quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal 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 given a dividend of $0.26 per share. 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%. This is an increase from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is presently 25.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Argus lifted their price target on Lam Research from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 1st. Wells Fargo & Company lifted their price target on Lam Research from $98.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lam Research in a report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded Lam Research from a “hold” rating to a “buy” rating and lifted their price target for the company from $100.00 to $150.00 in a report on Monday, September 29th. Finally, Barclays set a $83.00 price target on Lam Research and gave the company an “equal weight” rating in a report on Monday, July 28th. Twenty-three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average target price of $121.00.

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.