Asio Capital LLC Boosts Stock Position in Lam Research Corporation $LRCX

Key Points

• Asio Capital LLC increased its stake in Lam Research Corporation by 29.0%, owning 38,659 shares worth approximately $3.76 million after acquiring an additional 8,689 shares during the second quarter.
• Several other institutional investors have also recently added positions in Lam Research, with 84.61% of the stock now owned by hedge funds and other large investors.
• Lam Research's shares have a current market price of $131.09, and the company reported a 33.6% increase in revenue year-over-year, with a net margin of 29.07% in its latest earnings report.

Asio Capital LLC increased its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 29.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,659 shares of the semiconductor company's stock after buying an additional 8,689 shares during the quarter. Asio Capital LLC's holdings in Lam Research were worth $3,763,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Lam Research in the first quarter valued at about $26,000. 1 North Wealth Services LLC purchased a new position in Lam Research during the first quarter worth about $36,000. Rossby Financial LCC acquired a new position in Lam Research in the 1st quarter valued at about $37,000. Saudi Central Bank purchased a new stake in shares of Lam Research in the 1st quarter valued at approximately $37,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Lam Research during the 1st quarter worth approximately $41,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on LRCX. UBS Group upped their price target on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. B. Riley raised their target price on shares of Lam Research from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Morgan Stanley set a $125.00 price target on Lam Research and gave the stock an "equal weight" rating in a report on Monday, September 22nd. Needham & Company LLC increased their target price on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, KeyCorp boosted their target price on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Twenty-one investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and a consensus target price of $114.83.

Lam Research Price Performance

Shares of LRCX stock opened at $131.09 on Tuesday. The firm has a fifty day simple moving average of $106.87 and a 200-day simple moving average of $90.67. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $165.31 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 1.62 and a beta of 1.76. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $133.57.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. The business had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business's revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share 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 given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. Lam Research's payout ratio is currently 25.00%.

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.

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.