KRS Capital Management LLC Takes Position in Lam Research Corporation $LRCX

Key Points

• KRS Capital Management LLC has purchased 14,498 shares of Lam Research Corporation, valued at approximately $1.4 million, making it the fund's 24th largest position.
• Lam Research has received multiple upgrades from analysts, with Deutsche Bank raising their price target from $100 to $150 and a consensus target price of $121 among 23 analysts.
• The company recently declared a dividend increase to $0.26 per share, up from $0.23, signaling positive financial performance and a current yield of 0.7%.

KRS Capital Management LLC purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 14,498 shares of the semiconductor company's stock, valued at approximately $1,411,000. Lam Research comprises approximately 0.9% of KRS Capital Management LLC's holdings, making the stock its 24th biggest position.

Several other institutional investors have also made changes to their positions in LRCX. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Lam Research during the 1st quarter valued at about $26,000. REAP Financial Group LLC acquired a new stake in shares of Lam Research during the 2nd quarter valued at about $31,000. 1 North Wealth Services LLC acquired a new stake in shares of Lam Research during the 1st quarter valued at about $36,000. Rossby Financial LCC acquired a new stake in shares of Lam Research during the 1st quarter valued at about $37,000. Finally, Saudi Central Bank bought a new stake in Lam Research during the first quarter worth approximately $37,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LRCX has been the subject of a number of recent analyst reports. Wall Street Zen raised Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday, October 4th. Oppenheimer upped their target price on Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Citigroup upped their price target on Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, September 8th. Summit Insights lowered Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upgraded Lam Research from a "hold" rating to a "buy" rating and upped their price target for the stock from $100.00 to $150.00 in a report on Monday, September 29th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.00.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $141.00 on Friday. The business has a fifty day simple moving average of $114.10 and a 200 day simple moving average of $94.09. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $177.81 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 1.74 and a beta of 1.84. Lam Research Corporation has a one year low of $56.32 and a one year high of $153.70.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 58.17% and a net margin of 29.07%.Lam Research's revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. This is a positive change 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%.

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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