Connective Portfolio Management LLC Takes Position in Lam Research Corporation $LRCX

Key Points

• Connective Portfolio Management LLC acquired a new stake in Lam Research Corporation, purchasing 25,000 shares valued at approximately $2.43 million, making it the fund's 6th largest holding.
• Lam Research recently reported a 33.6% increase in quarterly revenue compared to the previous year, with earnings per share of $1.33, surpassing estimates by $0.12.
• The company announced a dividend increase to $0.26 per share, up from $0.23, representing an annualized yield of 0.9%.

Connective Portfolio Management LLC acquired a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 25,000 shares of the semiconductor company's stock, valued at approximately $2,434,000. Lam Research makes up approximately 5.2% of Connective Portfolio Management LLC's investment portfolio, making the stock its 6th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of LRCX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Lam Research by 6,383.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company's stock valued at $980,500,000 after purchasing an additional 13,365,317 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Lam Research by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock valued at $9,389,358,000 after purchasing an additional 8,364,375 shares in the last quarter. Nuveen LLC acquired a new position in shares of Lam Research in the 1st quarter valued at about $604,344,000. Two Sigma Advisers LP lifted its stake in shares of Lam Research by 1,036.4% in the 4th quarter. Two Sigma Advisers LP now owns 3,885,300 shares of the semiconductor company's stock valued at $280,635,000 after purchasing an additional 3,543,400 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Lam Research by 99.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company's stock valued at $417,242,000 after purchasing an additional 2,864,863 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Price Performance

LRCX stock opened at $119.21 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $119.33. The stock's 50 day moving average is $101.49 and its two-hundred day moving average is $87.10. The company has a market capitalization of $150.87 billion, a PE ratio of 28.66, a P/E/G ratio of 1.50 and a beta of 1.76.

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 (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 company had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the previous year, the business earned $1.03 EPS. Lam Research's revenue for the quarter was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 annualized dividend and a yield of 0.9%. This is a boost from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio (DPR) is presently 22.12%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LRCX. Oppenheimer lifted their price objective on Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Mizuho boosted their price target on Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday. Raymond James Financial boosted their price target on Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Barclays set a $83.00 price target on Lam Research and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Stifel Nicolaus boosted their price target on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Twenty investment 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 MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $107.96.

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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