Graham Capital Management L.P. Acquires 82,925 Shares of Lam Research Corporation $LRCX

Key Points

• Graham Capital Management increased its stake in Lam Research by 681.5%, acquiring 82,925 additional shares during the first quarter, bringing its total to 95,093 shares valued at approximately $6.91 million.
• Lam Research reported Q1 earnings of $1.33 per share, exceeding estimates, with a revenue of $5.17 billion, marking a 33.6% year-over-year increase.
• The company recently announced a quarterly dividend increase to $0.26 per share, reflecting a growing commitment to returning value to shareholders.

Graham Capital Management L.P. lifted its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 681.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,093 shares of the semiconductor company's stock after buying an additional 82,925 shares during the period. Graham Capital Management L.P.'s holdings in Lam Research were worth $6,913,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Meridian Wealth Management LLC boosted its position in shares of Lam Research by 1.4% during the first quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock worth $707,000 after buying an additional 130 shares during the period. GW&K Investment Management LLC increased its stake in shares of Lam Research by 10.1% during the first quarter. GW&K Investment Management LLC now owns 1,534 shares of the semiconductor company's stock worth $112,000 after purchasing an additional 141 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in shares of Lam Research by 1.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 12,498 shares of the semiconductor company's stock worth $909,000 after purchasing an additional 146 shares during the period. Citizens National Bank Trust Department increased its stake in shares of Lam Research by 34.0% during the first quarter. Citizens National Bank Trust Department now owns 603 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 153 shares during the period. Finally, Progressive Investment Management Corp increased its stake in Lam Research by 0.4% during the 1st quarter. Progressive Investment Management Corp now owns 42,581 shares of the semiconductor company's stock worth $3,096,000 after acquiring an additional 156 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Price Performance

Shares of NASDAQ LRCX traded up $2.13 during midday trading on Friday, hitting $102.55. The company had a trading volume of 4,275,693 shares, compared to its average volume of 11,881,169. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $129.79 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 1.26 and a beta of 1.76. The business has a 50-day simple moving average of $99.75 and a two-hundred day simple moving average of $85.72. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $108.02.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. The business had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company's revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 annualized dividend and a yield of 1.0%. This is a boost from Lam Research's previous quarterly dividend of $0.23. Lam Research's payout ratio is 22.12%.

Wall Street Analyst Weigh In

Several research analysts have commented on LRCX shares. Stifel Nicolaus lifted their target price on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Morgan Stanley restated an "underweight" rating and set a $92.00 price target (down from $94.00) on shares of Lam Research in a research report on Tuesday. Oppenheimer raised their price target on shares of Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Cantor Fitzgerald lifted their price target on shares of Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, Barclays set a $83.00 target price on shares of Lam Research and gave the stock an "equal weight" rating in a report on Monday, July 28th. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and a consensus price target of $107.22.

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.