Lam Research Corporation $LRCX Shares Acquired by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC increased its holdings in Lam Research Corporation by 7.2% during the 2nd quarter, amounting to a total of 59,088 shares valued at approximately $5.75 million.
• Lam Research saw mixed analyst ratings; while several firms increased their price targets to as high as $120, Wall Street Zen downgraded the stock from "buy" to "hold".
• The company recently announced a quarterly dividend increase from $0.23 to $0.26 per share, reflecting its commitment to returning value to shareholders.

Exchange Traded Concepts LLC lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 7.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,088 shares of the semiconductor company's stock after purchasing an additional 3,948 shares during the quarter. Exchange Traded Concepts LLC's holdings in Lam Research were worth $5,752,000 as of its most recent SEC filing.

Several other hedge funds 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 first quarter worth $26,000. Park Square Financial Group LLC acquired a new stake in shares of Lam Research during the fourth quarter worth $31,000. Putney Financial Group LLC acquired a new stake in shares of Lam Research during the fourth quarter worth $36,000. 1 North Wealth Services LLC acquired a new position in Lam Research in the first quarter valued at $36,000. Finally, Rossby Financial LCC acquired a new position in Lam Research in the first quarter valued at $37,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LRCX shares. Wall Street Zen downgraded Lam Research from a "buy" rating to a "hold" rating in a research report on Saturday. Stifel Nicolaus boosted their price target on Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Argus boosted their price target on Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 1st. UBS Group boosted their price target on Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Summit Insights downgraded Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and a consensus price target of $107.96.

Lam Research Trading Up 0.5%

NASDAQ:LRCX opened at $126.92 on Friday. The business's 50-day moving average is $103.36 and its two-hundred day moving average is $88.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $128.70. The firm has a market capitalization of $160.05 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 1.62 and a beta of 1.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate 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 last year, the company posted $1.03 earnings per share. The firm's revenue was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be given a dividend of $0.26 per share. 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 dividend on an annualized basis and a dividend yield of 0.8%. Lam Research's dividend payout ratio 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.

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