Harber Asset Management LLC Purchases Shares of 87,750 Lam Research Corporation $LRCX

Key Points

• Harber Asset Management LLC acquired 87,750 shares of Lam Research Corporation, valued at approximately $6.38 million, which constitutes 2.3% of the firm's investment portfolio.
• Several institutional investors significantly increased their stakes in Lam Research, with Ameriprise Financial raising its ownership by 950.5% and UBS AM increasing its stake by 6,383.5% in the past quarter.
• Lam Research recently increased its quarterly dividend to $0.26 per share, reflecting a commitment to returning capital to shareholders amidst a strong earnings performance.

Harber Asset Management LLC purchased a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 87,750 shares of the semiconductor company's stock, valued at approximately $6,379,000. Lam Research accounts for 2.3% of Harber Asset Management LLC's investment portfolio, making the stock its 20th biggest holding.

Several other large investors also recently made changes to their positions in LRCX. Ameriprise Financial Inc. increased its stake in shares of Lam Research by 950.5% in the fourth quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock valued at $2,495,128,000 after purchasing an additional 31,255,726 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Lam Research by 6,383.5% in 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 valued at $980,500,000 after purchasing an additional 13,365,317 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Lam Research in the fourth quarter valued at approximately $792,161,000. Vanguard Group Inc. increased its stake in shares of Lam Research by 6.9% during the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock valued at $9,389,358,000 after acquiring an additional 8,364,375 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Lam Research during the first quarter valued at approximately $604,344,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on LRCX shares. TD Cowen raised their price objective on shares of Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Citigroup raised their price objective on shares of Lam Research from $108.00 to $113.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Erste Group Bank began coverage on shares of Lam Research in a research note on Thursday, August 14th. They set a "buy" rating on the stock. Summit Insights cut shares of Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Needham & Company LLC raised their target price on shares of Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and a consensus target price of $107.30.

Lam Research Stock Down 3.8%

Lam Research stock opened at $100.15 on Friday. The company has a market capitalization of $126.75 billion, a P/E ratio of 24.07, a P/E/G ratio of 1.34 and a beta of 1.65. The firm's fifty day simple moving average is $99.45 and its 200-day simple moving average is $85.27. 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 1-year low of $56.32 and a 1-year high of $108.02.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. The business had revenue of $5.17 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's payout ratio is 22.12%.

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.

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