Allspring Global Investments Holdings LLC Boosts Stake in Lam Research Corporation $LRCX

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Lam Research Corporation by 8.3% in Q2, now owning 246,691 shares valued at approximately $23.88 million.
• Lam Research reported a quarterly revenue of $5.17 billion, exceeding analysts' expectations and marking a 33.6% increase year-over-year.
• The company recently raised its quarterly dividend from $0.23 to $0.26, resulting in an annualized yield of 0.7%.

Allspring Global Investments Holdings LLC raised its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 246,691 shares of the semiconductor company's stock after acquiring an additional 19,007 shares during the period. Allspring Global Investments Holdings LLC's holdings in Lam Research were worth $23,882,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position 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 valued at $9,389,358,000 after acquiring an additional 8,364,375 shares during the period. Invesco Ltd. grew its position in Lam Research by 2.8% during the first quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock valued at $1,259,947,000 after acquiring an additional 472,636 shares during the period. Goldman Sachs Group Inc. grew its position in Lam Research by 25.8% during the first quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock valued at $693,319,000 after acquiring an additional 1,953,221 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Lam Research by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company's stock worth $647,067,000 after purchasing an additional 418,077 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Lam Research during the first quarter worth about $604,344,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Trading Down 1.7%

NASDAQ:LRCX opened at $142.37 on Friday. 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 Corporation has a one year low of $56.32 and a one year high of $153.70. The business's 50-day simple moving average is $118.26 and its 200 day simple moving average is $96.30. The stock has a market cap of $179.53 billion, a price-to-earnings ratio of 34.22, a price-to-earnings-growth ratio of 1.76 and a beta of 1.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business had revenue of $5.17 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The company's revenue was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, sell-side analysts predict 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 was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were issued a $0.26 dividend. This is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 24th. Lam Research's dividend payout ratio is presently 25.00%.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of recent research reports. Stifel Nicolaus set a $135.00 price objective on Lam Research and gave the stock a "buy" rating in a research note on Monday. Hsbc Global Res upgraded Lam Research to a "hold" rating in a research note on Tuesday, September 30th. HSBC set a $127.00 price objective on Lam Research and gave the stock a "hold" rating in a research note on Tuesday, September 30th. KeyCorp boosted their price objective on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen upgraded Lam Research from a "hold" rating to a "buy" rating in a research note on Saturday, October 4th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.08.

Insiders Place Their Bets

In related news, SVP Vahid Vahedi sold 52,190 shares of the business's stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the completion of the sale, the senior vice president directly owned 251,047 shares of the company's stock, valued at $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Company 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.

Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Corporation (NASDAQ:LRCX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.