Geneos Wealth Management Inc. Has $236,000 Holdings in Lam Research Corporation $LRCX

Geneos Wealth Management Inc. grew its stake in Lam Research Corporation (NASDAQ:LRCX) by 65.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,252 shares of the semiconductor company’s stock after acquiring an additional 1,286 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Lam Research were worth $236,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Lam Research by 6.9% during 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. grew its holdings in Lam Research by 2.8% in the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company’s stock valued at $1,259,947,000 after buying an additional 472,636 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Lam Research by 6,383.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company’s stock valued at $980,500,000 after buying an additional 13,365,317 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Lam Research by 25.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company’s stock valued at $693,319,000 after acquiring an additional 1,953,221 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Lam Research by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company’s stock valued at $647,067,000 after acquiring an additional 418,077 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LRCX. Mizuho boosted their price target on Lam Research from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday. The Goldman Sachs Group initiated coverage on Lam Research in a report on Thursday, July 10th. They set a “buy” rating and a $115.00 target price on the stock. Stifel Nicolaus lifted their target price on Lam Research from $92.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Raymond James Financial lifted their target price on Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, Erste Group Bank assumed coverage on Lam Research in a report on Thursday, August 14th. They set a “buy” rating on the stock. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $107.96.

Lam Research Trading Up 1.9%

NASDAQ:LRCX opened at $119.21 on Tuesday. 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 firm has a market cap of $150.87 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 1.50 and a beta of 1.76. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $119.33. The firm has a 50-day moving average price of $101.49 and a two-hundred day moving average price of $87.10.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate 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 net margin of 29.07% and a return on equity of 58.17%. The company’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be paid a $0.26 dividend. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 annualized dividend and a yield of 0.9%. Lam Research’s dividend payout ratio (DPR) is 22.12%.

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.