Belpointe Asset Management LLC Raises Position in Lam Research Corporation $LRCX

Key Points

• Belpointe Asset Management LLC significantly increased its position in Lam Research Corporation by 974.5% during the 1st quarter, owning 19,330 shares valued at $1.4 million.
• Lam Research stock rose by 7.7% recently, with a market capitalization of $146.28 billion and notable earnings results reporting $1.33 EPS, surpassing analyst expectations.
• The company declared a quarterly dividend increase to $0.26 per share, up from the previous $0.23, reflecting a dividend yield of 0.9%.

Belpointe Asset Management LLC increased its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 974.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,330 shares of the semiconductor company's stock after purchasing an additional 17,531 shares during the period. Belpointe Asset Management LLC's holdings in Lam Research were worth $1,405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC bought a new stake in shares of Lam Research during the 1st quarter valued at $26,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Lam Research during the 4th quarter valued at $27,000. Park Square Financial Group LLC bought a new stake in shares of Lam Research during the 4th quarter valued at $31,000. Putney Financial Group LLC bought a new stake in shares of Lam Research during the 4th quarter valued at $36,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Lam Research during the 1st quarter valued at $36,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Up 7.7%

Shares of NASDAQ LRCX opened at $115.58 on Friday. The firm's 50-day moving average price is $100.71 and its 200-day moving average price is $86.43. 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 stock has a market capitalization of $146.28 billion, a price-to-earnings ratio of 27.78, a P/E/G ratio of 1.38 and a beta of 1.76. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $115.90.

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 (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion for the quarter, compared to analysts' expectations 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 period in the prior year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities research 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. Investors of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is presently 25.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Oppenheimer raised their price objective on shares of Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Wells Fargo & Company set a $98.00 price target on shares of Lam Research and gave the company an "equal weight" rating in a report on Thursday, July 31st. Argus lifted their price target on shares of Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 1st. Morgan Stanley reiterated an "underweight" rating and issued a $92.00 price target (down from $94.00) on shares of Lam Research in a report on Tuesday, September 2nd. Finally, The Goldman Sachs Group started coverage on shares of Lam Research in a report on Thursday, July 10th. They issued a "buy" rating and a $115.00 price target on the stock. Twenty investment 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $107.52.

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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