Freedom Investment Management Inc. Acquires 2,706 Shares of Lam Research Corporation $LRCX

Key Points

• Freedom Investment Management Inc. has increased its holdings in Lam Research Corporation (LRCX) by 47.3%, now owning a total of 8,430 shares valued at approximately $821,000 as of its latest SEC filing.
• A recent analyst report saw price targets for Lam Research shares raised significantly, with estimates now ranging from $165.00 to $200.00 and many analysts rating the stock as a "buy."
• Lam Research announced a quarterly dividend increase from $0.23 to $0.26, reflecting a $1.04 annualized dividend and a yield of 0.7%.

Freedom Investment Management Inc. raised its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 47.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,430 shares of the semiconductor company's stock after purchasing an additional 2,706 shares during the quarter. Freedom Investment Management Inc.'s holdings in Lam Research were worth $821,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Lam Research by 6.9% during 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. Invesco Ltd. increased its stake in Lam Research by 2.8% during the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock valued at $1,259,947,000 after purchasing an additional 472,636 shares in the last quarter. Nordea Investment Management AB increased its stake in Lam Research by 34.1% during the 2nd quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company's stock valued at $1,029,210,000 after purchasing an additional 2,692,189 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Lam Research by 25.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock valued at $693,319,000 after purchasing an additional 1,953,221 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Lam Research by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company's stock valued at $647,067,000 after purchasing an additional 418,077 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LRCX. JPMorgan Chase & Co. boosted their price target on shares of Lam Research from $113.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday. Berenberg Bank lifted their price objective on shares of Lam Research from $122.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday. Evercore ISI lifted their price objective on shares of Lam Research from $115.00 to $170.00 and gave the stock an "outperform" rating in a report on Thursday. Rothschild & Co Redburn lifted their price objective on shares of Lam Research from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, October 14th. Finally, Susquehanna lifted their price objective on shares of Lam Research from $135.00 to $200.00 and gave the stock a "positive" rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.21.

Insider Buying and Selling at Lam Research

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

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $151.68 on Friday. The company's 50-day moving average is $123.23 and its 200 day moving average is $99.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.55 and a current ratio of 2.21. The company has a market capitalization of $191.27 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 1.76 and a beta of 1.84. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $153.70.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.04. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The firm's quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities research analysts forecast that Lam Research Corporation will post 3.71 earnings per share 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 issued a $0.26 dividend. This is an increase from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Lam Research's payout ratio is presently 22.91%.

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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