11,209 Shares in Lam Research Corporation $LRCX Bought by Clark Capital Management Group Inc.

Key Points

• Clark Capital Management Group Inc. has acquired a new position in Lam Research Corporation valued at approximately $815,000, buying 11,209 shares during the first quarter.
• Lam Research recently declared a quarterly dividend of $0.26, representing an annualized dividend of $1.04 and a yield of 1.0%, marking an increase from the previous quarterly dividend.
• Lam Research's stock has seen optimistic revisions in target prices from several analysts, with Argus raising their target to $120.00 and a consensus rating of "Moderate Buy" across research analysts.

Clark Capital Management Group Inc. purchased a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,209 shares of the semiconductor company's stock, valued at approximately $815,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Smallwood Wealth Investment Management LLC purchased a new position in Lam Research during the first quarter valued at $26,000. Mpwm Advisory Solutions LLC bought a new position in shares of Lam Research during the fourth quarter valued at $27,000. Park Square Financial Group LLC bought a new position in shares of Lam Research during the fourth quarter valued at $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 bought a new position in Lam Research in the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

LRCX stock traded up $8.22 on Thursday, hitting $115.58. The company had a trading volume of 20,287,639 shares, compared to its average volume of 10,496,659. 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 $115.90. The stock has a market cap 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. The stock's 50-day simple moving average is $100.71 and its 200 day simple moving average is $86.43.

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 for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. The business had revenue of $5.17 billion during 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 quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a $0.26 dividend. The ex-dividend date is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. Lam Research's dividend payout ratio (DPR) is currently 25.00%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. UBS Group lifted their target price on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Needham & Company LLC raised their price target on shares of Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Stifel Nicolaus boosted their price objective on shares of Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Wall Street Zen upgraded Lam Research from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Argus lifted their target price on Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Twenty equities research 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, Lam Research currently has a consensus rating of "Moderate Buy" and an average target price 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.