Ascent Group LLC Takes $903,000 Position in Lam Research Corporation $LRCX

Key Points

• Ascent Group LLC has acquired a new stake in Lam Research Corporation, purchasing 12,422 shares valued at approximately $903,000.
• Lam Research has seen increased investments from multiple institutional investors, with 84.61% of the company's stock now held by these entities.
• The company's last earnings report indicated earnings per share of $1.33, exceeding estimates and reflecting a revenue increase of 33.6% compared to last year.

Ascent Group LLC bought a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,422 shares of the semiconductor company's stock, valued at approximately $903,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meiji Yasuda Life Insurance Co increased its position in Lam Research by 19.5% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 19,361 shares of the semiconductor company's stock valued at $1,408,000 after buying an additional 3,161 shares in the last quarter. Caxton Associates LLP bought a new stake in Lam Research in the 1st quarter valued at about $239,000. Fred Alger Management LLC increased its position in Lam Research by 10.2% in the 1st quarter. Fred Alger Management LLC now owns 83,071 shares of the semiconductor company's stock valued at $6,059,000 after buying an additional 7,721 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its position in Lam Research by 4.0% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 78,274 shares of the semiconductor company's stock valued at $5,708,000 after buying an additional 3,019 shares in the last quarter. Finally, Resources Management Corp CT ADV increased its position in Lam Research by 5.2% in the 1st quarter. Resources Management Corp CT ADV now owns 28,976 shares of the semiconductor company's stock valued at $2,107,000 after buying an additional 1,435 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of research analyst reports. Barclays set a $83.00 target price on Lam Research and gave the company an "equal weight" rating in a research report on Monday, July 28th. Raymond James Financial boosted their target price on Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Wall Street Zen raised Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Oppenheimer boosted their target price on Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, Morgan Stanley reiterated an "underweight" rating and set a $92.00 price target (down previously from $94.00) on shares of Lam Research in a research note on Tuesday, September 2nd. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $107.52.

Lam Research Price Performance

LRCX stock opened at $105.57 on Wednesday. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $108.02. The business has a 50-day simple moving average of $100.20 and a two-hundred day simple moving average of $86.06. The company has a market capitalization of $133.61 billion, a P/E ratio of 25.38, a price-to-earnings-growth ratio of 1.35 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 announced its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the business earned $1.03 EPS. 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. Research analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 dividend yield of 1.0%. The ex-dividend date is Wednesday, September 24th. This is a boost from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio (DPR) is presently 22.12%.

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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