Cinctive Capital Management LP Takes Position in Lam Research Corporation $LRCX

Key Points

• Cinctive Capital Management LP has acquired a new stake in Lam Research Corporation, purchasing 47,879 shares valued at approximately $3.48 million during the first quarter.
• Lam Research recently reported earnings of $1.33 per share, exceeding analysts' expectations and showing a year-over-year revenue increase of 33.6%.
• The company announced an increase in its quarterly dividend to $0.26 per share, payable on October 15th, with a resulting dividend yield of 1.0%.

Cinctive Capital Management LP bought a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 47,879 shares of the semiconductor company's stock, valued at approximately $3,481,000.

A number of other institutional investors also recently bought and sold shares of LRCX. Brighton Jones LLC lifted its holdings in Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after acquiring an additional 12,936 shares during the period. Algert Global LLC lifted its holdings in Lam Research by 373.9% in the fourth quarter. Algert Global LLC now owns 3,289 shares of the semiconductor company's stock valued at $238,000 after acquiring an additional 2,595 shares during the period. Bridgefront Capital LLC bought a new position in Lam Research in the fourth quarter valued at about $291,000. Cetera Investment Advisers bought a new position in Lam Research in the fourth quarter valued at about $23,709,000. Finally, Cresset Asset Management LLC lifted its holdings in Lam Research by 189.4% in the fourth quarter. Cresset Asset Management LLC now owns 28,264 shares of the semiconductor company's stock valued at $2,046,000 after acquiring an additional 18,499 shares during the period. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

NASDAQ:LRCX opened at $100.42 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $108.02. The stock has a 50-day moving average price of $99.75 and a 200 day moving average price of $85.72. The stock has a market capitalization of $127.09 billion, a P/E ratio of 24.14, a P/E/G ratio of 1.26 and a beta of 1.76.

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 (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter last year, the business posted $1.03 earnings per share. The firm's revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced 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 an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is 22.12%.

Analysts Set New Price Targets

LRCX has been the topic of a number of recent research reports. Oppenheimer increased their target price on Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Mizuho raised their price objective on Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Cantor Fitzgerald raised their price objective on Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Citigroup raised their price objective on Lam Research from $108.00 to $113.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Barclays set a $83.00 price objective on Lam Research and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $107.22.

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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