Fulcrum Capital LLC Acquires 3,900 Shares of Lam Research Corporation $LRCX

Key Points

• Fulcrum Capital LLC increased its stake in Lam Research Corporation by 5.3%, acquiring an additional 3,900 shares, bringing its total to 77,988 shares valued at about $7.6 million.
• Lam Research reported a 33.6% year-over-year revenue increase of $5.17 billion and exceeded EPS estimates, posting $1.33 compared to the expected $1.21.
• The company announced a quarterly dividend hike from $0.23 to $0.26 per share, with a payout date set for October 15th, reflecting a 0.8% yield.

Fulcrum Capital LLC increased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,988 shares of the semiconductor company's stock after acquiring an additional 3,900 shares during the quarter. Lam Research makes up about 1.6% of Fulcrum Capital LLC's holdings, making the stock its 22nd largest position. Fulcrum Capital LLC's holdings in Lam Research were worth $7,591,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Empowered Funds LLC lifted its holdings in Lam Research by 10.5% during the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock worth $13,629,000 after acquiring an additional 17,833 shares during the period. Pinnacle Financial Partners Inc bought a new stake in shares of Lam Research in the first quarter valued at $201,000. Cookson Peirce & Co. Inc. bought a new stake in shares of Lam Research in the first quarter valued at $607,000. China Universal Asset Management Co. Ltd. raised its stake in shares of Lam Research by 27.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock valued at $3,607,000 after buying an additional 10,565 shares during the period. Finally, Glass Wealth Management Co LLC raised its stake in shares of Lam Research by 8.5% in the second quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company's stock valued at $2,810,000 after buying an additional 2,270 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

NASDAQ:LRCX opened at $131.37 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $153.70. The firm has a market cap of $165.66 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 1.72 and a beta of 1.84. The business's fifty day moving average is $114.80 and its 200 day moving average is $94.46.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $4.99 billion. During the same period in the previous year, the company posted $1.03 EPS. The firm'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. Research analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be given a dividend of $0.26 per share. 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 annualized dividend and a yield of 0.8%. Lam Research's dividend payout ratio (DPR) is presently 25.00%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley set a $125.00 target price on Lam Research and gave the company an "equal weight" rating in a research note on Monday, September 22nd. HSBC set a $127.00 target price on Lam Research and gave the company a "hold" rating in a research note on Tuesday, September 30th. Oppenheimer boosted their target price on Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Raymond James Financial boosted their target price on Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, The Goldman Sachs Group boosted their target price on Lam Research from $115.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday. Twenty-three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $121.00.

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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