Lam Research Corporation $LRCX Shares Purchased by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC increased its holdings in Lam Research Corporation by 4.0%, bringing its total to 78,274 shares valued at $5.7 million.
• Lam Research's stock recently reported quarterly earnings of $1.33 EPS, beating estimates and achieving revenues of $5.17 billion, up 33.6% year-over-year.
• The company announced a quarterly dividend increase to $0.26 per share, with a yield of 1.0%, indicating a positive change from their previous dividend.

Ashton Thomas Private Wealth LLC lifted its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 4.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,274 shares of the semiconductor company's stock after buying an additional 3,019 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Lam Research were worth $5,708,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Resources Management Corp CT ADV grew its position in shares of 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 worth $2,107,000 after buying an additional 1,435 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Lam Research in the 1st quarter worth approximately $1,046,000. Teewinot Capital Advisers L.L.C. acquired a new position in Lam Research in the 1st quarter worth approximately $36,109,000. Teza Capital Management LLC acquired a new position in Lam Research in the 1st quarter worth approximately $489,000. Finally, UniSuper Management Pty Ltd increased its holdings in Lam Research by 4.2% in the 1st quarter. UniSuper Management Pty Ltd now owns 256,516 shares of the semiconductor company's stock worth $18,649,000 after buying an additional 10,400 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

Shares of NASDAQ:LRCX traded up $1.38 during midday trading on Friday, reaching $116.96. 11,054,667 shares of the company's stock traded hands, compared to its average volume of 11,901,450. The company has a fifty day simple moving average of $100.71 and a two-hundred day simple moving average of $86.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The company has a market cap of $148.03 billion, a P/E ratio of 28.12, a PEG ratio of 1.38 and a beta of 1.76. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $117.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm's revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, September 24th. 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. Lam Research's payout ratio is presently 25.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Raymond James Financial increased their price target on shares of Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Barclays set a $83.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a research note on Monday, July 28th. UBS Group raised their price objective on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Summit Insights cut shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, TD Cowen raised their price objective on shares of Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $107.96.

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.