Highland Capital Management LLC Invests $217,000 in Lam Research Corporation $LRCX

Key Points

• Highland Capital Management LLC has invested approximately $217,000 in Lam Research Corporation, acquiring 2,230 shares during the 2nd quarter.
• Lam Research recently declared a quarterly dividend increase from $0.23 to $0.26, with a payout date of October 15th.
• The company's quarterly earnings surpassed expectations, reporting $1.33 EPS against an estimated $1.21, and revenue of $5.17 billion.

Highland Capital Management LLC acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,230 shares of the semiconductor company's stock, valued at approximately $217,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew 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 last quarter. Nuveen LLC bought a new position in shares of Lam Research during the first quarter valued at approximately $604,344,000. Price T Rowe Associates Inc. MD raised its position in shares of Lam Research by 99.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company's stock worth $417,242,000 after purchasing an additional 2,864,863 shares during the period. Boston Partners lifted its holdings in shares of Lam Research by 9,978.3% in the 1st quarter. Boston Partners now owns 2,350,362 shares of the semiconductor company's stock worth $170,787,000 after purchasing an additional 2,327,041 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Lam Research by 25.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock valued at $693,319,000 after purchasing an additional 1,953,221 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Price Performance

NASDAQ LRCX opened at $145.81 on Monday. 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 stock has a market capitalization of $183.87 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 1.78 and a beta of 1.84. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $147.91. The company has a 50 day moving average price of $110.47 and a two-hundred day moving average price of $92.48.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $5.17 billion during 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%. Lam Research's quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities 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 declared 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 is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's payout ratio is 25.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen raised Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday. Oppenheimer lifted their price objective 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. Raymond James Financial boosted their target price on shares of Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Rothschild & Co Redburn raised their price target on shares of Lam Research from $115.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, October 1st. Finally, Morgan Stanley set a $125.00 price target on Lam Research and gave the company an "equal weight" rating in a report on Monday, September 22nd. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $119.20.

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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