Gateway Investment Advisers LLC Purchases 9,142 Shares of Lam Research Corporation $LRCX

Gateway Investment Advisers LLC boosted its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 120,637 shares of the semiconductor company's stock after buying an additional 9,142 shares during the period. Gateway Investment Advisers LLC's holdings in Lam Research were worth $11,743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Goelzer Investment Management Inc. bought a new position in Lam Research during the second quarter valued at $1,553,000. Aaron Wealth Advisors LLC lifted its stake in shares of Lam Research by 15.0% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 12,770 shares of the semiconductor company's stock valued at $1,243,000 after purchasing an additional 1,666 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Lam Research in the 2nd quarter valued at approximately $1,230,000. Keystone Wealth Services LLC bought a new stake in Lam Research in the second quarter worth $235,000. Finally, Krilogy Financial LLC bought a new stake in shares of Lam Research in the 2nd quarter worth about $2,065,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Up 1.1%

Shares of LRCX opened at $120.47 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $120.97. The stock's 50 day moving average is $101.91 and its two-hundred day moving average is $87.33. The firm has a market cap of $151.92 billion, a P/E ratio of 28.96, a PEG ratio of 1.53 and a beta of 1.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating 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 analyst estimates of $4.99 billion. During the same period last year, the company earned $1.03 earnings per share. Lam Research's quarterly revenue 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. This is a positive change from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is 22.12%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. B. Riley reiterated a "buy" rating and set a $115.00 target price (up from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. KeyCorp lifted their target price on Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Summit Insights downgraded Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Morgan Stanley restated an "underweight" rating and issued a $92.00 price objective (down from $94.00) on shares of Lam Research in a report on Tuesday, September 2nd. Finally, UBS Group boosted their price target on shares of Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a report on Monday, July 21st. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $107.96.

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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