Lam Research Corporation $LRCX Shares Sold by Eastern Bank

Eastern Bank reduced its position in Lam Research Corporation (NASDAQ:LRCX) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,250 shares of the semiconductor company’s stock after selling 130 shares during the quarter. Eastern Bank’s holdings in Lam Research were worth $511,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Lam Research in the 1st quarter worth $26,000. REAP Financial Group LLC acquired a new stake in shares of Lam Research during the 2nd quarter worth about $31,000. 1 North Wealth Services LLC purchased a new position in Lam Research during the 1st quarter valued at about $36,000. Rossby Financial LCC purchased a new position in Lam Research during the 1st quarter valued at about $37,000. Finally, Saudi Central Bank purchased a new position in Lam Research during the 1st quarter valued at about $37,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Performance

Shares of NASDAQ:LRCX opened at $131.37 on Friday. Lam Research Corporation has a one year low of $56.32 and a one year high of $153.70. The business’s 50-day simple moving average is $114.80 and its 200 day simple moving average is $94.59. 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 company has a market cap of $165.66 billion, a P/E ratio of 31.58, 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 analysts’ consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.Lam Research’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. On average, sell-side analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 24th. This is an increase from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s dividend payout ratio (DPR) is presently 25.00%.

Analyst Ratings Changes

LRCX has been the subject of several recent research reports. Citigroup lifted their price objective on Lam Research from $113.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, September 8th. 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 report on Wednesday. Wells Fargo & Company boosted their target price on Lam Research from $98.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, October 2nd. Wall Street Zen raised Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Finally, HSBC set a $127.00 price objective on Lam Research and gave the stock a “hold” rating in a report on Tuesday, September 30th. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

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.