4,494 Shares in Lam Research Corporation $LRCX Purchased by Clear Harbor Asset Management LLC

Key Points

• Clear Harbor Asset Management LLC has acquired 4,494 shares of Lam Research Corporation (NASDAQ:LRCX), valued at approximately $437,000.
• Lam Research recently reported quarterly earnings of $1.33 EPS, exceeding estimates, and has seen its revenue increase by 33.6% year-over-year.
• The company has announced a quarterly dividend increase to $0.26 per share, effective October 15th, reflecting a commitment to returning value to shareholders.

Clear Harbor Asset Management LLC bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,494 shares of the semiconductor company's stock, valued at approximately $437,000.

A number of other large investors also recently modified their holdings of LRCX. Smallwood Wealth Investment Management LLC purchased a new position in shares of Lam Research in the 1st quarter worth about $26,000. Park Square Financial Group LLC acquired a new stake in Lam Research during the 4th quarter valued at approximately $31,000. Putney Financial Group LLC acquired a new stake in Lam Research during the 4th quarter valued at approximately $36,000. 1 North Wealth Services LLC acquired a new stake in Lam Research during the 1st quarter valued at approximately $36,000. Finally, Rossby Financial LCC acquired a new position in shares of Lam Research in the 1st quarter worth approximately $37,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $132.20 on Tuesday. The business's 50-day moving average price is $104.01 and its two-hundred day moving average price is $88.78. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. Lam Research Corporation has a one year low of $56.32 and a one year high of $132.63. The company has a market capitalization of $166.71 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 1.63 and a beta of 1.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm's revenue was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business 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 dividend of $0.26 per share. This is a boost 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 dividend yield of 0.8%. Lam Research's dividend payout ratio is currently 22.12%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Stifel Nicolaus lifted 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. B. Riley reiterated a "buy" rating and set a $115.00 price target (up previously from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. TD Cowen boosted their price target on Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Morgan Stanley set a $125.00 price objective on Lam Research and gave the stock an "equal weight" rating in a research note on Monday. Finally, Wells Fargo & Company set a $98.00 price objective on Lam Research and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, Lam Research has an average rating of "Moderate Buy" and an average target price of $109.39.

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.

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