US Bancorp DE Has $40.24 Million Stake in Lam Research Corporation $LRCX

US Bancorp DE decreased its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 413,392 shares of the semiconductor company’s stock after selling 24,440 shares during the period. US Bancorp DE’s holdings in Lam Research were worth $40,240,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Trifecta Capital Advisors LLC lifted its position in Lam Research by 16,875.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 6,790 shares of the semiconductor company’s stock worth $661,000 after acquiring an additional 6,750 shares during the last quarter. Maryland State Retirement & Pension System lifted its position in Lam Research by 3.4% during the 2nd quarter. Maryland State Retirement & Pension System now owns 62,149 shares of the semiconductor company’s stock worth $6,050,000 after acquiring an additional 2,038 shares during the last quarter. Ignite Planners LLC lifted its position in Lam Research by 32.8% during the 2nd quarter. Ignite Planners LLC now owns 5,169 shares of the semiconductor company’s stock worth $520,000 after acquiring an additional 1,277 shares during the last quarter. Abel Hall LLC acquired a new position in Lam Research during the 2nd quarter worth $249,000. Finally, REAP Financial Group LLC acquired a new position in Lam Research during the 2nd quarter worth $31,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

NASDAQ LRCX opened at $141.00 on Friday. The stock has a market cap of $177.81 billion, a P/E ratio of 33.89, a PEG ratio of 1.74 and a beta of 1.84. The company’s 50-day simple moving average is $114.10 and its 200 day simple moving average is $94.09. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $153.70. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38.

Lam Research (NASDAQ:LRCX) last posted its earnings results 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 business had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, research analysts forecast 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. Shareholders of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This is a boost from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Lam Research’s dividend payout ratio (DPR) is 25.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LRCX shares. Deutsche Bank Aktiengesellschaft raised shares of Lam Research from a “hold” rating to a “buy” rating and upped their price objective for the company from $100.00 to $150.00 in a research report on Monday, September 29th. Cantor Fitzgerald upped their price objective on shares of Lam Research from $120.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, October 1st. Hsbc Global Res raised shares of Lam Research to a “hold” rating in a research report on Tuesday, September 30th. HSBC set a $127.00 price objective on shares of Lam Research and gave the company a “hold” rating in a research report on Tuesday, September 30th. Finally, KeyCorp upped their price objective on shares of Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.