KLP Kapitalforvaltning AS Acquires 15,800 Shares of Lam Research Corporation $LRCX

Key Points

• KLP Kapitalforvaltning AS increased its stake in Lam Research Corporation by 2.4%, acquiring an additional 15,800 shares, bringing its total holdings to 673,080 shares valued at approximately $65.65 million.
• Analysts have boosted their price targets for Lam Research, with a consensus average target price of $119.20 and 23 analysts rating it a "buy".
• Lam Research announced an increase in its quarterly dividend from $0.23 to $0.26 per share, representing an annualized yield of 0.7%.

KLP Kapitalforvaltning AS raised its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 2.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 673,080 shares of the semiconductor company's stock after purchasing an additional 15,800 shares during the period. KLP Kapitalforvaltning AS owned 0.05% of Lam Research worth $65,648,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Lam Research by 6.9% in the 1st 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 last quarter. Invesco Ltd. boosted its holdings in Lam Research by 2.8% in 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 in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Lam Research by 25.8% in 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 last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Lam Research by 4.9% during 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 acquiring an additional 418,077 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Lam Research during the first quarter valued at $604,344,000. 84.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LRCX shares. Argus increased their price objective 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. Stifel Nicolaus upped their target price on shares of Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Rothschild & Co Redburn increased their price target on shares of Lam Research from $115.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, October 1st. TD Cowen boosted their price objective on shares of Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, UBS Group upped their price objective on Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Twenty-three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $119.20.

Lam Research Stock Up 2.3%

Shares of Lam Research stock opened at $149.15 on Tuesday. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $153.70. 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's 50 day moving average is $111.48 and its 200 day moving average is $92.99. The company has a market cap of $188.08 billion, a price-to-earnings ratio of 35.85, a price-to-earnings-growth ratio of 1.78 and a beta of 1.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted 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. The business had revenue of $5.17 billion during 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%. The firm's revenue was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Research analysts anticipate that Lam Research Corporation will post 3.71 EPS 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 dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is currently 25.00%.

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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