Aware Super Pty Ltd as trustee of Aware Super Buys 25,984 Shares of Lam Research Corporation $LRCX

Key Points

• Aware Super Pty Ltd increased its stake in Lam Research Corporation by 5.8%, acquiring an additional 25,984 shares, bringing its total holdings to 473,090 shares valued at approximately $46 million.
• Lam Research received multiple analyst upgrades, with Deutsche Bank raising its price target from $100 to $150 and analysts generally rating the stock as a "Moderate Buy".
• The company recently declared a quarterly dividend increase from $0.23 to $0.26 per share, reflecting a boost in annual yield to 0.7%.

Aware Super Pty Ltd as trustee of Aware Super raised its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 473,090 shares of the semiconductor company's stock after purchasing an additional 25,984 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super's holdings in Lam Research were worth $46,051,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in shares of Lam Research by 10.5% during the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock worth $13,629,000 after purchasing an additional 17,833 shares during the period. Pinnacle Financial Partners Inc bought a new position in shares of Lam Research during the 1st quarter worth about $201,000. Cookson Peirce & Co. Inc. bought a new position in shares of Lam Research during the 1st quarter worth about $607,000. China Universal Asset Management Co. Ltd. increased its holdings in shares of Lam Research by 27.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock worth $3,607,000 after purchasing an additional 10,565 shares during the period. Finally, Glass Wealth Management Co LLC increased its holdings in shares of Lam Research by 8.5% during the 2nd quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company's stock worth $2,810,000 after purchasing an additional 2,270 shares during the period. Institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

LRCX has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Lam Research from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $100.00 to $150.00 in a report on Monday, September 29th. UBS Group upped their target price on shares of Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Oppenheimer upped their target price on shares of Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Stifel Nicolaus set a $135.00 target price on shares of Lam Research and gave the company a "buy" rating in a research note on Monday. Finally, Hsbc Global Res raised shares of Lam Research to a "hold" rating in a research note on Tuesday, September 30th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and an average target price of $123.80.

Insider Buying and Selling

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

Lam Research Price Performance

NASDAQ:LRCX opened at $144.78 on Thursday. The firm has a market cap of $182.57 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 1.68 and a beta of 1.84. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $153.70. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The company's 50-day moving average price is $117.40 and its two-hundred day moving average price is $95.82.

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, beating analysts' consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion for 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 company's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities 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 was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is presently 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.

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.