Advisors Asset Management Inc. Increases Stock Position in Lam Research Corporation $LRCX

Key Points

• Advisors Asset Management Inc. increased its holdings in Lam Research Corporation by 40.1% during the first quarter, resulting in a total of 64,870 shares valued at approximately $4.72 million.
• Lam Research reported robust quarterly earnings, surpassing analysts' expectations with $1.33 earnings per share and revenue of $5.17 billion, reflecting a 33.6% year-over-year increase.
• The company announced a quarterly dividend increase to $0.26 per share, representing an annualized yield of 1.0%, boosted from the previous dividend of $0.23.

Advisors Asset Management Inc. boosted its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 40.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,870 shares of the semiconductor company's stock after buying an additional 18,566 shares during the quarter. Advisors Asset Management Inc.'s holdings in Lam Research were worth $4,716,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Meridian Wealth Management LLC boosted its stake in shares of Lam Research by 1.4% during the 1st quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock worth $707,000 after acquiring an additional 130 shares during the last quarter. GW&K Investment Management LLC lifted its stake in shares of Lam Research by 10.1% during the 1st quarter. GW&K Investment Management LLC now owns 1,534 shares of the semiconductor company's stock valued at $112,000 after buying an additional 141 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Lam Research by 1.2% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 12,498 shares of the semiconductor company's stock valued at $909,000 after buying an additional 146 shares in the last quarter. Citizens National Bank Trust Department lifted its stake in shares of Lam Research by 34.0% during the 1st quarter. Citizens National Bank Trust Department now owns 603 shares of the semiconductor company's stock valued at $44,000 after buying an additional 153 shares in the last quarter. Finally, Progressive Investment Management Corp lifted its stake in shares of Lam Research by 0.4% during the 1st quarter. Progressive Investment Management Corp now owns 42,581 shares of the semiconductor company's stock valued at $3,096,000 after buying an additional 156 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LRCX. UBS Group lifted their target price on shares of Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Erste Group Bank began coverage on shares of Lam Research in a research note on Thursday, August 14th. They set a "buy" rating on the stock. The Goldman Sachs Group began coverage on shares of Lam Research in a research note on Thursday, July 10th. They set a "buy" rating and a $115.00 target price on the stock. B. Riley restated a "buy" rating and set a $115.00 target price (up previously from $95.00) on shares of Lam Research in a research note on Wednesday, June 18th. Finally, Cantor Fitzgerald lifted their target price on shares of Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $107.52.

Lam Research Trading Up 0.5%

LRCX stock traded up $0.50 during mid-day trading on Tuesday, reaching $105.57. The company had a trading volume of 7,253,984 shares, compared to its average volume of 11,854,989. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The company has a market capitalization of $133.61 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 1.32 and a beta of 1.76. The firm has a 50 day moving average of $100.02 and a 200 day moving average of $85.93. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $108.02.

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, topping analysts' consensus estimates of $1.21 by $0.12. The business had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities analysts predict that Lam Research Corporation will post 3.71 earnings per share 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 given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 24th. This is a boost from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is currently 22.12%.

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.