Acadian Asset Management LLC Increases Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Acadian Asset Management LLC increased its stake in Lam Research Corporation by 84.4% during the 1st quarter, now holding 207,086 shares valued at approximately $15 million.
• Lam Research's stock recently saw a 7.7% rise, reaching a price of $115.58, with a market capitalization of $146.28 billion.
• The company plans to pay a quarterly dividend of $0.26 on October 15, up from a previous $0.23 dividend, reflecting a positive change in its dividend policy.

Acadian Asset Management LLC boosted its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 84.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 207,086 shares of the semiconductor company's stock after purchasing an additional 94,763 shares during the period. Acadian Asset Management LLC's holdings in Lam Research were worth $15,048,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position 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 worth $9,389,358,000 after purchasing an additional 8,364,375 shares during the last quarter. Invesco Ltd. boosted its position in Lam Research by 2.8% in the first quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock worth $1,259,947,000 after purchasing an additional 472,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 worth $980,500,000 after purchasing an additional 13,365,317 shares during 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 buying an additional 1,953,221 shares in the last quarter. 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 buying an additional 418,077 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Up 7.7%

Shares of LRCX opened at $115.58 on Friday. The business's 50 day moving average is $100.71 and its 200 day moving average is $86.43. The company has a market capitalization of $146.28 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.38 and a beta of 1.76. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $115.90. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion for 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 quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Research 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 represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is presently 25.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LRCX. The Goldman Sachs Group began coverage on Lam Research in a research report on Thursday, July 10th. They set a "buy" rating and a $115.00 price objective on the stock. Needham & Company LLC lifted their price objective on Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. B. Riley reaffirmed a "buy" rating and set a $115.00 price objective (up from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. KeyCorp lifted their price objective on Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company set a $98.00 price objective on Lam Research and gave the company an "equal weight" rating in a research report on Thursday, July 31st. 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $107.52.

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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