Cookson Peirce & Co. Inc. Buys 2,119 Shares of Lam Research Corporation $LRCX

Key Points

• Cookson Peirce & Co. Inc. has increased its holdings in Lam Research Corporation by 25.4%, acquiring an additional 2,119 shares during the second quarter, bringing their total to 10,469 shares worth approximately $1,019,000.
• Lam Research's latest quarterly earnings beat analyst expectations, reporting $1.26 earnings per share and $5.32 billion in revenue, both higher than analyst estimates.
• The company recently declared a quarterly dividend increase from $0.23 to $0.26 per share, now providing a yield of 0.7%.

Cookson Peirce & Co. Inc. raised its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 25.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,469 shares of the semiconductor company's stock after buying an additional 2,119 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in Lam Research were worth $1,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LRCX. Smallwood Wealth Investment Management LLC purchased a new stake in Lam Research in the first quarter valued at about $26,000. IMG Wealth Management Inc. purchased a new stake in Lam Research in the second quarter valued at about $26,000. REAP Financial Group LLC purchased a new stake in Lam Research in the second quarter valued at about $31,000. 1 North Wealth Services LLC purchased a new stake in Lam Research in the first quarter valued at about $36,000. Finally, Rossby Financial LCC purchased a new stake in Lam Research in the first quarter valued at about $37,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Down 2.6%

Shares of LRCX stock opened at $141.25 on Thursday. The stock has a 50 day moving average of $121.38 and a 200 day moving average of $98.38. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The stock has a market cap of $178.12 billion, a P/E ratio of 33.95, a P/E/G ratio of 1.76 and a beta of 1.84. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $153.70.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.04. The company had revenue of $5.32 billion during the quarter, compared to analysts' expectations of $5.23 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.Lam Research's quarterly revenue was up 27.7% on a year-over-year basis. During the same period last year, the business earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were 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 yield of 0.7%. The ex-dividend date was Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is 25.00%.

Insiders Place Their Bets

In related news, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the completion of the transaction, the senior vice president directly owned 251,047 shares in the company, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on LRCX shares. Wells Fargo & Company increased their price target on Lam Research from $98.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, October 2nd. Cantor Fitzgerald lifted their target price on Lam Research from $155.00 to $170.00 and gave the stock an "overweight" rating in a report on Tuesday, October 14th. Erste Group Bank initiated coverage on Lam Research in a report on Thursday, August 14th. They set a "buy" rating for the company. Stifel Nicolaus set a $135.00 target price on Lam Research and gave the stock a "buy" rating in a report on Monday, October 13th. 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. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $128.04.

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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