Teewinot Capital Advisers L.L.C. Invests $36.11 Million in Lam Research Corporation $LRCX

Key Points

• Teewinot Capital Advisers L.L.C. acquired 496,689 shares of Lam Research Corporation, valued at approximately $36.1 million, making it the 14th largest position in their investment portfolio.
• Lam Research's stock recently reported $1.33 EPS for the quarter, exceeding expectations, with a revenue of $5.17 billion, which was a 33.6% year-over-year increase.
• The company announced a quarterly dividend of $0.26 per share, which is an increase from the previous dividend of $0.23, indicating a strong return to shareholders with a 1.0% dividend yield.

Teewinot Capital Advisers L.L.C. purchased a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 496,689 shares of the semiconductor company's stock, valued at approximately $36,109,000. Lam Research accounts for 3.7% of Teewinot Capital Advisers L.L.C.'s portfolio, making the stock its 14th largest holding.

A number of other large investors have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Lam Research by 6,383.5% in 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 acquiring an additional 13,365,317 shares during the last quarter. Janus Henderson Group PLC bought a new position in Lam Research in the fourth quarter valued at about $792,161,000. Vanguard Group Inc. boosted its holdings in Lam Research by 6.9% in the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock valued at $9,389,358,000 after acquiring an additional 8,364,375 shares during the last quarter. Nuveen LLC bought a new position in Lam Research in the first quarter valued at about $604,344,000. Finally, Nuveen Asset Management LLC boosted its holdings in Lam Research by 417.5% in the fourth quarter. Nuveen Asset Management LLC now owns 6,317,540 shares of the semiconductor company's stock valued at $456,316,000 after acquiring an additional 5,096,751 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Argus raised their price target on Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 1st. Stifel Nicolaus raised their price target on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Mizuho raised their price target on Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday. UBS Group raised their price target on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, KeyCorp raised their price target on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.96.

Lam Research Stock Up 1.2%

Lam Research stock traded up $1.39 during midday trading on Friday, reaching $116.97. The stock had a trading volume of 5,700,884 shares, compared to its average volume of 11,869,536. The firm's fifty day simple moving average is $100.71 and its 200-day simple moving average is $86.43. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $117.47. The stock has a market capitalization of $148.04 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 1.38 and a beta of 1.76. 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 (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate 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%.The business's quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, analysts expect that Lam Research Corporation will post 3.71 EPS 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. Shareholders of record on Wednesday, September 24th will be given a dividend of $0.26 per share. This is a positive change from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. Lam Research's payout ratio is presently 25.00%.

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.