Advisors Capital Management LLC Increases Stock Position in Lam Research Corporation $LRCX

Key Points

• Advisors Capital Management LLC increased its stake in Lam Research Corporation by 164.1%, owning 97,570 shares worth approximately $7.09 million after purchasing an additional 60,622 shares.
• Hedge funds and institutional investors control 84.61% of Lam Research's stock, highlighting strong investor interest in the company.
• Lam Research announced a quarterly dividend increase to $0.26 per share, up from $0.23, which represents a 0.9% dividend yield and a payout ratio of 25.00%.

Advisors Capital Management LLC grew its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 164.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,570 shares of the semiconductor company's stock after purchasing an additional 60,622 shares during the period. Advisors Capital Management LLC's holdings in Lam Research were worth $7,093,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LRCX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of 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 purchasing an additional 13,365,317 shares during the last quarter. Vanguard Group Inc. increased its holdings in Lam Research by 6.9% during the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after buying an additional 8,364,375 shares during the last quarter. Nuveen LLC purchased a new stake in Lam Research during the first quarter worth about $604,344,000. Nuveen Asset Management LLC increased its holdings in Lam Research by 417.5% during the fourth quarter. Nuveen Asset Management LLC now owns 6,317,540 shares of the semiconductor company's stock worth $456,316,000 after buying an additional 5,096,751 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its holdings in Lam Research by 803.8% during the fourth quarter. Rafferty Asset Management LLC now owns 4,391,132 shares of the semiconductor company's stock worth $317,171,000 after buying an additional 3,905,272 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LRCX shares. Mizuho raised their price objective on shares of Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Wells Fargo & Company set a $98.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Morgan Stanley restated an "underweight" rating and set a $92.00 price objective (down previously from $94.00) on shares of Lam Research in a report on Tuesday, September 2nd. Stifel Nicolaus raised their price objective on shares of Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Finally, The Goldman Sachs Group began coverage on shares of Lam Research in a report on Thursday, July 10th. They set a "buy" rating and a $115.00 price objective for the company. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $107.52.

Lam Research Trading Up 7.7%

Shares of LRCX opened at $115.58 on Friday. The firm's 50 day simple moving average is $100.71 and its 200 day simple moving average is $86.43. The company has a market capitalization of $146.28 billion, a P/E ratio of 27.78, a P/E/G ratio of 1.38 and a beta of 1.76. 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 1-year low of $56.32 and a 1-year high of $115.90.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating 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%. Lam Research's quarterly revenue was up 33.6% on a year-over-year basis. During the same period last year, the firm posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts forecast 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. Shareholders of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's payout ratio is 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.

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