Lam Research Corporation $LRCX Shares Acquired by Avanza Fonder AB

Key Points

• Avanza Fonder AB increased its stake in Lam Research Corporation by 5.0% in Q2, holding 114,219 shares valued at approximately $11.12 million as of its latest SEC filing.
• Several firms have raised their price targets on Lam Research, with the consensus rating currently at "Moderate Buy" and an average price target of $107.96 based on research from multiple analysts.
• Lam Research announced a quarterly dividend increase to $0.26 per share, representing a $1.04 annualized dividend and a yield of 0.8%, effective from October 15.

Avanza Fonder AB grew its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,219 shares of the semiconductor company's stock after purchasing an additional 5,485 shares during the period. Avanza Fonder AB's holdings in Lam Research were worth $11,118,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LRCX. Vanguard Group Inc. grew 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 acquiring an additional 8,364,375 shares during the period. Nuveen LLC acquired a new position in Lam Research during the first quarter worth $604,344,000. Price T Rowe Associates Inc. MD grew its holdings in Lam Research by 99.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company's stock worth $417,242,000 after acquiring an additional 2,864,863 shares during the period. Boston Partners grew its holdings in Lam Research by 9,978.3% during the first quarter. Boston Partners now owns 2,350,362 shares of the semiconductor company's stock worth $170,787,000 after acquiring an additional 2,327,041 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in Lam Research by 932.6% during the fourth quarter. Mackenzie Financial Corp now owns 2,347,536 shares of the semiconductor company's stock worth $169,563,000 after acquiring an additional 2,120,197 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup boosted their target price on Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. Wells Fargo & Company set a $98.00 target price on Lam Research and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. The Goldman Sachs Group assumed coverage on Lam Research in a research report on Thursday, July 10th. They set a "buy" rating and a $115.00 target price on the stock. Stifel Nicolaus boosted their target price on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Finally, Erste Group Bank initiated coverage on Lam Research in a research report on Thursday, August 14th. They set a "buy" rating on the stock. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $107.96.

Lam Research Trading Up 0.5%

NASDAQ LRCX traded up $0.60 during trading hours on Friday, hitting $126.92. 24,270,137 shares of the company's stock were exchanged, compared to its average volume of 10,712,953. The business's 50 day moving average is $103.36 and its 200-day moving average is $88.41. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $128.70. The firm has a market capitalization of $160.05 billion, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 1.63 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 released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company 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 is a boost from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, September 24th. Lam Research's payout ratio is currently 22.12%.

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.