Dynamic Technology Lab Private Ltd Acquires Shares of 14,394 Lam Research Corporation $LRCX

Key Points

• Dynamic Technology Lab Private Ltd invested approximately $1.05 million in Lam Research Corporation by acquiring 14,394 shares in the first quarter of the year.
• Lam Research's latest quarterly earnings showed a 33.6% increase in revenue year-over-year, reporting $5.17 billion, along with an EPS of $1.33 which exceeded estimates.
• The company recently raised its quarterly dividend from $0.23 to $0.26, yielding 1.0%, with payment set for October 15th to shareholders of record by September 24th.

Dynamic Technology Lab Private Ltd acquired a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,394 shares of the semiconductor company's stock, valued at approximately $1,046,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings 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 acquiring an additional 8,364,375 shares in the last quarter. Invesco Ltd. raised its position in shares of Lam Research by 2.8% during the first 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Lam Research by 6,383.5% during the fourth 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 during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Lam Research during the fourth quarter valued at approximately $792,161,000. Finally, Goldman Sachs Group Inc. raised its position in shares of 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 during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Erste Group Bank assumed coverage on shares of Lam Research in a report on Thursday, August 14th. They issued a "buy" rating for the company. Mizuho lifted their price objective on shares of Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Argus lifted their price objective on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Citigroup lifted their target price on Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Barclays set a $83.00 target price on Lam Research and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and a consensus target price of $107.52.

Lam Research Stock Up 7.4%

Shares of LRCX traded up $7.96 during mid-day trading on Thursday, hitting $115.32. 9,511,456 shares of the company traded hands, compared to its average volume of 11,839,979. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $115.90. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $145.96 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 1.36 and a beta of 1.76. The business has a 50 day moving average of $100.37 and a 200 day moving average of $86.21.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its 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 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 revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be issued a $0.26 dividend. This is an increase 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 payout ratio is presently 22.12%.

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.