505,987 Shares in Lam Research Corporation $LRCX Bought by Kodai Capital Management LP

Key Points

• Kodai Capital Management LP has made a new investment of approximately $36.79 million in Lam Research Corporation, acquiring 505,987 shares, which accounts for about 1.4% of their investment portfolio.
• Lam Research reported earnings of $1.33 per share for the recent quarter, exceeding estimates and reflecting a 33.6% increase in revenue year-over-year, reaching $5.17 billion.
• The company recently announced an increase in its quarterly dividend from $0.23 to $0.26, resulting in an annualized dividend yield of 1.0%.

Kodai Capital Management LP acquired a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 505,987 shares of the semiconductor company's stock, valued at approximately $36,785,000. Lam Research comprises 1.4% of Kodai Capital Management LP's holdings, making the stock its 22nd largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc bought a new position in shares of Lam Research during the 1st quarter valued at approximately $201,000. B. Riley Wealth Advisors Inc. purchased a new position in Lam Research in the 4th quarter worth $6,296,000. China Universal Asset Management Co. Ltd. increased its position in shares of Lam Research by 27.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock valued at $3,607,000 after acquiring an additional 10,565 shares during the period. Cookson Peirce & Co. Inc. purchased a new position in shares of Lam Research in the first quarter valued at about $607,000. Finally, First Citizens Bank & Trust Co. increased its position in shares of Lam Research by 47.8% during the first quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock valued at $8,862,000 after buying an additional 39,414 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LRCX. Argus upped their target price on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Raymond James Financial raised their target price on shares of Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Citigroup raised their target price on shares of Lam Research from $108.00 to $113.00 and gave the company a "buy" rating in a research report on Friday, August 1st. 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 note on Thursday, July 31st. Finally, Erste Group Bank initiated coverage on shares of Lam Research in a report on Thursday, August 14th. They issued a "buy" rating for the company. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $107.22.

Lam Research Stock Down 3.1%

Shares of LRCX traded down $3.12 during trading on Tuesday, reaching $97.03. The company's stock had a trading volume of 14,682,320 shares, compared to its average volume of 11,950,941. The company has a fifty day moving average of $99.62 and a two-hundred day moving average of $85.43. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $108.02. The company has a market cap of $122.80 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 1.29 and a beta of 1.76. 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 (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the company posted $1.03 EPS. Lam Research'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. 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a $0.26 dividend. This is a positive change from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. Lam Research's dividend payout ratio (DPR) is presently 22.12%.

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.