Kennicott Capital Management LLC Invests $234,000 in Lam Research Corporation $LRCX

Key Points

• Kennicott Capital Management LLC has invested approximately $234,000 in Lam Research Corporation by acquiring 2,400 shares of the company.
• Lam Research has seen significant increases in its institutional investments, with firms like Vanguard and Boston Partners making substantial acquisitions during the first quarter.
• Wall Street analysts have generally given Lam Research a favorable outlook, with many rating the stock as a "Buy"** and setting target prices as high as $125.00.

Kennicott Capital Management LLC acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,400 shares of the semiconductor company's stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also made changes to their positions in LRCX. Vanguard Group Inc. lifted 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 worth $9,389,358,000 after buying an additional 8,364,375 shares during the period. Nuveen LLC acquired a new position in Lam Research during the first quarter valued at $604,344,000. Price T Rowe Associates Inc. MD lifted its position in Lam Research by 99.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company's stock valued at $417,242,000 after purchasing an additional 2,864,863 shares during the period. Boston Partners lifted its position in Lam Research by 9,978.3% during the first quarter. Boston Partners now owns 2,350,362 shares of the semiconductor company's stock valued at $170,787,000 after purchasing an additional 2,327,041 shares during the period. Finally, GAMMA Investing LLC lifted its position in Lam Research by 8,736.4% during the first quarter. GAMMA Investing LLC now owns 2,137,962 shares of the semiconductor company's stock valued at $155,430,000 after purchasing an additional 2,113,767 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LRCX has been the subject of a number of research reports. 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 report on Thursday, July 31st. Argus boosted their target price on shares of Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Erste Group Bank started coverage on shares of Lam Research in a report on Thursday, August 14th. They issued a "buy" rating for the company. Morgan Stanley set a $125.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a report on Monday. Finally, Stifel Nicolaus lifted their price objective on shares of Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Twenty analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $111.35.

Lam Research Stock Down 2.7%

LRCX stock opened at $128.32 on Thursday. The stock has a market capitalization of $161.82 billion, a P/E ratio of 30.85, a P/E/G ratio of 1.68 and a beta of 1.76. The firm has a 50-day simple moving average of $105.18 and a 200-day simple moving average of $89.35. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $133.57.

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 analysts' consensus estimates of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The company's quarterly revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 annualized dividend and a yield of 0.8%. This is a boost from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is currently 22.12%.

Lam Research 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.

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