Eventide Asset Management LLC Boosts Stock Position in Lam Research Corporation $LRCX

Key Points

• Eventide Asset Management LLC increased its stake in Lam Research Corporation by 31.4%, now owning 737,195 shares valued at approximately $53.6 million.
• Analysts have shown positive sentiment towards Lam Research, with multiple firms raising their price targets and a consensus rating of "Moderate Buy" among 27 analysts.
• Lam Research recently announced a dividend increase from $0.23 to $0.26 per share, representing a dividend yield of 1.1%, scheduled to be paid out on October 15th.

Eventide Asset Management LLC increased its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 31.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 737,195 shares of the semiconductor company's stock after buying an additional 175,985 shares during the period. Lam Research accounts for about 1.1% of Eventide Asset Management LLC's holdings, making the stock its 28th largest holding. Eventide Asset Management LLC owned 0.06% of Lam Research worth $53,592,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Lam Research in the 1st quarter worth approximately $26,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Lam Research in the 4th quarter worth $27,000. Park Square Financial Group LLC purchased a new position in shares of Lam Research in the fourth quarter worth $31,000. Putney Financial Group LLC bought a new position in shares of Lam Research during the fourth quarter valued at $36,000. Finally, 1 North Wealth Services LLC bought a new position in shares of Lam Research during the first quarter valued at $36,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

Shares of LRCX stock traded up $2.12 on Monday, reaching $105.07. The stock had a trading volume of 7,968,821 shares, compared to its average volume of 11,882,084. The stock has a market cap of $132.98 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 1.32 and a beta of 1.76. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $108.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The company has a 50 day simple moving average of $99.87 and a 200 day simple moving average of $85.80.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $4.99 billion. During the same period last year, the firm 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. Equities research analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

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

Wall Street Analyst Weigh In

LRCX has been the topic of a number of research analyst reports. B. Riley reaffirmed a "buy" rating and set a $115.00 price target (up from $95.00) on shares of Lam Research in a report on Wednesday, June 18th. Citigroup upped their price target on Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a report on Monday. Oppenheimer upped their price target on Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. KeyCorp upped their price target on Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, Wall Street Zen raised Lam Research from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.