Bay Harbor Wealth Management LLC Has $159,000 Holdings in Lam Research Corporation $LRCX

Bay Harbor Wealth Management LLC grew its position in Lam Research Corporation (NASDAQ:LRCX) by 46.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,632 shares of the semiconductor company’s stock after acquiring an additional 515 shares during the quarter. Bay Harbor Wealth Management LLC’s holdings in Lam Research were worth $159,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Lam Research by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock worth $9,389,358,000 after purchasing an additional 8,364,375 shares during the last quarter. Invesco Ltd. increased its position in Lam Research by 2.8% in the 1st 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. raised its holdings in Lam Research by 25.8% during the first quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company’s stock valued at $693,319,000 after buying an additional 1,953,221 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Lam Research by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company’s stock valued at $647,067,000 after buying an additional 418,077 shares in the last quarter. Finally, Nuveen LLC bought a new position in Lam Research during the first quarter valued at about $604,344,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on LRCX. KeyCorp raised their target price on Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft upgraded Lam Research from a “hold” rating to a “buy” rating and raised their target price for the company from $100.00 to $150.00 in a report on Monday, September 29th. TD Cowen raised their target price on Lam Research from $100.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Wall Street Zen upgraded Lam Research from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Stifel Nicolaus raised their target price on Lam Research from $92.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Twenty-three investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.20.

Lam Research Trading Down 0.8%

LRCX stock opened at $145.81 on Friday. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $147.91. The firm has a market cap of $183.87 billion, a P/E ratio of 35.05, a P/E/G ratio of 1.78 and a beta of 1.84. The business’s 50 day moving average is $110.47 and its 200-day moving average is $92.37. 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 (NASDAQ:LRCX) last released 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. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the company posted $1.03 EPS. The company’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. Equities analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. This is an increase from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s dividend payout ratio is currently 25.00%.

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.