111 Capital Grows Stock Holdings in Lam Research Corporation $LRCX

Key Points

• 111 Capital increased its holdings in Lam Research Corporation (NASDAQ:LRCX) by 59% in the second quarter, owning 16,828 shares worth approximately $1.64 million.
• Lam Research reported a 33.6% year-over-year revenue growth for the quarter, with earnings per share of $1.33, surpassing analyst expectations of $1.21.
• The company announced a quarterly dividend increase to $0.26 per share, up from $0.23, reflecting a 0.7% dividend yield.

111 Capital lifted its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 59.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,828 shares of the semiconductor company's stock after purchasing an additional 6,244 shares during the period. 111 Capital's holdings in Lam Research were worth $1,638,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LRCX. Smallwood Wealth Investment Management LLC bought a new stake in shares of Lam Research in the 1st quarter worth approximately $26,000. 1 North Wealth Services LLC bought a new stake in Lam Research in the first quarter valued at $36,000. Rossby Financial LCC purchased a new position in Lam Research during the 1st quarter valued at $37,000. Saudi Central Bank bought a new position in Lam Research in the 1st quarter worth $37,000. Finally, Hilltop National Bank purchased a new stake in shares of Lam Research in the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

Shares of LRCX stock opened at $145.81 on Friday. The company has a market capitalization of $183.87 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 1.79 and a beta of 1.84. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research Corporation has a one year low of $56.32 and a one year high of $147.91. The company's 50-day moving average is $110.47 and its 200 day moving average is $92.27.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. The firm 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 business's revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared 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. This is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is presently 25.00%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LRCX shares. The Goldman Sachs Group started coverage on shares of Lam Research in a research report on Thursday, July 10th. They set a "buy" rating and a $115.00 price target on the stock. Stifel Nicolaus increased their target price on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Wall Street Zen upgraded Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft raised Lam Research from a "hold" rating to a "buy" rating and upped their price target for the stock from $100.00 to $150.00 in a research note on Monday. Finally, Erste Group Bank began coverage on Lam Research in a research report on Thursday, August 14th. They set a "buy" rating for the company. Twenty-three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $119.20.

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.

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