MAI Capital Management Raises Stake in Lam Research Corporation $LRCX

Key Points

• MAI Capital Management increased its stake in Lam Research Corporation by 7.8%, holding 68,668 shares worth approximately $4.99 million as of the latest SEC filing.
• Lam Research announced a quarterly dividend increase from $0.23 to $0.26 per share, with an ex-dividend date of September 24.
• Analysts have generally maintained a positive outlook on Lam Research, with a consensus rating of "Moderate Buy" and a price target growth forecasted to $107.30.

MAI Capital Management grew its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 7.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,668 shares of the semiconductor company's stock after buying an additional 4,944 shares during the period. MAI Capital Management's holdings in Lam Research were worth $4,992,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Lam Research by 6.9% in the first 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. Invesco Ltd. increased its position in Lam Research by 2.8% during the first quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock worth $1,259,947,000 after purchasing an additional 472,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Lam Research by 6,383.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company's stock worth $980,500,000 after purchasing an additional 13,365,317 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Lam Research during the fourth quarter worth about $792,161,000. Finally, Goldman Sachs Group Inc. increased its position in Lam Research by 25.8% during the first quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock worth $693,319,000 after purchasing an additional 1,953,221 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Up 2.5%

LRCX stock traded up $2.53 during mid-day trading on Friday, hitting $102.95. 8,138,513 shares of the company were exchanged, compared to its average volume of 10,784,377. 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 firm has a market capitalization of $130.30 billion, a P/E ratio of 24.75, a PEG ratio of 1.29 and a beta of 1.76. The business has a fifty day simple moving average of $99.87 and a 200-day simple moving average of $85.83. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $108.02.

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 for the quarter, topping the consensus estimate of $1.21 by $0.12. The company 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 revenue was up 33.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities research analysts predict 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. Stockholders of record on Wednesday, September 24th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. Lam Research's payout ratio is 22.12%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LRCX shares. Erste Group Bank started coverage on shares of Lam Research in a research report on Thursday, August 14th. They set a "buy" rating for the company. Needham & Company LLC raised their price objective on shares of Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Citigroup raised their price objective on shares of Lam Research from $108.00 to $113.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Oppenheimer raised their price objective on shares of Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, UBS Group raised their price objective on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $107.22.

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.