Chelsea Counsel Co. Acquires New Shares in Lam Research Corporation $LRCX

Key Points

• Chelsea Counsel Co. acquired 4,000 shares of Lam Research Corporation in Q1, valued at approximately $292,000, as per their latest 13F filing.
• Lam Research recently increased its quarterly dividend to $0.26 per share from $0.23, with an ex-dividend date set for September 24th.
• The company reported Q2 earnings of $1.33 per share, exceeding analysts' estimates, with a revenue of $5.17 billion—up 33.6% year-over-year.

Chelsea Counsel Co. bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,000 shares of the semiconductor company's stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Smallwood Wealth Investment Management LLC purchased a new position in shares of Lam Research in the 1st quarter worth about $26,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Lam Research in the 4th quarter worth about $27,000. Park Square Financial Group LLC purchased a new position in shares of Lam Research in the 4th quarter worth about $31,000. Putney Financial Group LLC purchased a new position in shares of Lam Research in the 4th quarter worth about $36,000. Finally, 1 North Wealth Services LLC purchased a new position in shares of Lam Research in the 1st quarter worth about $36,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Up 0.7%

Shares of NASDAQ:LRCX traded up $0.72 during trading on Wednesday, hitting $106.29. The stock had a trading volume of 894,697 shares, compared to its average volume of 11,790,710. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $108.02. 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 has a market capitalization of $134.52 billion, a PE ratio of 25.47, a PEG ratio of 1.35 and a beta of 1.76. The firm's fifty day moving average is $100.20 and its 200 day moving average is $86.06.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the company earned $1.03 EPS. The firm's revenue for the quarter was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be given a dividend of $0.26 per share. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. Lam Research's dividend payout ratio is 22.12%.

Analysts Set New Price Targets

LRCX has been the subject of several analyst reports. B. Riley restated a "buy" rating and set a $115.00 target price (up from $95.00) on shares of Lam Research in a report on Wednesday, June 18th. Citigroup increased their target price on Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a report on Monday. Mizuho increased their target price on Lam Research from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Summit Insights cut Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Raymond James Financial increased their target price on Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $107.52.

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.

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