Lam Research Corporation $LRCX Stock Holdings Raised by Guinness Asset Management LTD

Key Points

• Guinness Asset Management LTD increased its stake in Lam Research Corporation by 5.3% during the first quarter, now owning 507,622 shares valued at approximately $36.9 million.
• Lam Research reported stronger-than-expected earnings, with earnings per share of $1.33 beating estimates and a revenue of $5.17 billion, a 33.6% year-over-year increase.
• The company has raised its quarterly dividend from $0.23 to $0.26 per share, reflecting a positive shift in their shareholder returns.

Guinness Asset Management LTD raised its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 507,622 shares of the semiconductor company's stock after buying an additional 25,466 shares during the period. Guinness Asset Management LTD's holdings in Lam Research were worth $36,903,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of 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 buying an additional 8,364,375 shares during the period. Invesco Ltd. increased its position in shares of Lam Research by 2.8% during the first quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock worth $1,259,947,000 after acquiring an additional 472,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Lam Research by 6,383.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company's stock worth $980,500,000 after acquiring an additional 13,365,317 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Lam Research by 25.8% during the first quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock worth $693,319,000 after acquiring an additional 1,953,221 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Lam Research by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company's stock valued at $647,067,000 after buying an additional 418,077 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Price Performance

Shares of LRCX traded up $1.38 during mid-day trading on Friday, reaching $116.96. 11,054,667 shares of the company's stock were exchanged, compared to its average volume of 10,953,273. 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 company has a 50-day simple moving average of $101.07 and a two-hundred day simple moving average of $86.72. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $117.50. The company has a market cap of $148.03 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 1.49 and a beta of 1.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. Lam Research's revenue for the quarter was up 33.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio (DPR) is presently 22.12%.

Analyst Upgrades and Downgrades

LRCX has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Stifel Nicolaus upped their price objective on shares of Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. B. Riley restated a "buy" rating and issued a $115.00 price objective (up previously from $95.00) on shares of Lam Research in a research note on Wednesday, June 18th. Mizuho upped their price objective on shares of Lam Research from $120.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Wells Fargo & Company set a $98.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.