GKV Capital Management Co. Inc. Takes Position in Lam Research Corporation $LRCX

Key Points

• GKV Capital Management Co. Inc. has acquired 3,175 shares of Lam Research Corporation, totaling approximately $231,000 in value.
• Multiple institutional investors, including Meridian Wealth Management and Citizens National Bank Trust Department, have also increased their positions in Lam Research during the first quarter.
• Lam Research recently reported strong earnings, with $1.33 EPS for the quarter, surpassing estimates, and announced a quarterly dividend increase to $0.26 per share.

GKV Capital Management Co. Inc. bought a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,175 shares of the semiconductor company's stock, valued at approximately $231,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinnacle Financial Partners Inc bought a new stake in Lam Research in the first quarter worth $201,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Lam Research in the fourth quarter worth about $6,296,000. China Universal Asset Management Co. Ltd. increased its holdings in shares of Lam Research by 27.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock valued at $3,607,000 after acquiring an additional 10,565 shares during the last quarter. Cookson Peirce & Co. Inc. bought a new position in shares of Lam Research in the 1st quarter valued at approximately $607,000. Finally, First Citizens Bank & Trust Co. boosted its position in Lam Research by 47.8% during the first quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock worth $8,862,000 after purchasing an additional 39,414 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Mizuho boosted their price objective on shares of Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. UBS Group lifted their target price on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Argus lifted their target price on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group started coverage on shares of Lam Research in a report on Thursday, July 10th. They issued a "buy" rating and a $115.00 target price on the stock. Twenty analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $107.30.

Lam Research Stock Performance

Shares of NASDAQ LRCX traded down $3.94 during mid-day trading on Monday, hitting $100.15. The company had a trading volume of 12,177,963 shares, compared to its average volume of 11,266,383. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $108.02. The firm has a market cap of $126.75 billion, a P/E ratio of 24.07, a PEG ratio of 1.29 and a beta of 1.76. The business's 50-day simple moving average is $99.45 and its 200-day simple moving average is $85.31. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (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 firm 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 earnings per share. The company'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. As a group, analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company 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 $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.0%. This is an increase from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is 22.12%.

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.