Free Trial

Benjamin Edwards Inc. Has $11.44 Million Position in Lam Research Corporation (NASDAQ:LRCX)

Lam Research logo with Computer and Technology background

Key Points

  • Benjamin Edwards Inc. increased its holdings in Lam Research Corporation by 16.1%, acquiring an additional 21,823 shares during the first quarter, now owning a total of 157,309 shares valued at $11,436,000.
  • Several institutional investors have made significant acquisitions in Lam Research, with Ameriprise Financial Inc. increasing its stake by a remarkable 950.5% over the last quarter.
  • Lam Research reported earnings of $1.33 per share, exceeding expectations of $1.21, and demonstrated a year-over-year revenue growth of 33.6% with total revenue at $5.17 billion.
  • Want stock alerts on Lam Research? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Benjamin Edwards Inc. boosted its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 16.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 157,309 shares of the semiconductor company's stock after acquiring an additional 21,823 shares during the quarter. Benjamin Edwards Inc.'s holdings in Lam Research were worth $11,436,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LRCX. Pinnacle Financial Partners Inc bought a new position in Lam Research during the 1st quarter worth approximately $201,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Lam Research during the fourth quarter worth $6,296,000. China Universal Asset Management Co. Ltd. boosted its position in shares of Lam Research by 27.1% during the first 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 in the last quarter. First Citizens Bank & Trust Co. grew its holdings in shares of Lam Research by 47.8% in the 1st quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock valued at $8,862,000 after buying an additional 39,414 shares during the period. Finally, Global X Japan Co. Ltd. acquired a new stake in Lam Research during the 1st quarter worth $3,152,000. Institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

LRCX stock traded up $0.25 during midday trading on Monday, reaching $102.00. The company had a trading volume of 8,633,919 shares, compared to its average volume of 11,957,262. The company has a market capitalization of $130.47 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 1.32 and a beta of 1.65. The stock has a 50 day moving average price of $95.53 and a 200-day moving average price of $83.04. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $104.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion during 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 business's quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Equities research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.92 annualized dividend and a yield of 0.9%. Lam Research's payout ratio is presently 22.12%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of research reports. Needham & Company LLC lifted their price target on shares of Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. The Goldman Sachs Group assumed coverage on shares of Lam Research in a report on Thursday, July 10th. They issued a "buy" rating and a $115.00 price target for the company. KeyCorp upped their price target on shares of Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Bank of America reduced their price target on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Raymond James Financial lifted their price objective on shares of Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $107.09.

Get Our Latest Research Report on Lam Research

Lam Research Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

Should You Invest $1,000 in Lam Research Right Now?

Before you consider Lam Research, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lam Research wasn't on the list.

While Lam Research currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Stocks Set to Soar in Fall 2025 Cover

Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines