Lam Research Corporation $LRCX Shares Acquired by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in Lam Research Corporation by 9.2%, acquiring an additional 248,633 shares, bringing its total holdings to approximately 2.95 million shares worth $287 million.
• Lam Research reported a significant earnings increase, with $1.33 EPS for the quarter, outperforming analysts' expectations, alongside revenue of $5.17 billion, which is a 33.6% year-over-year increase.
• The company recently announced a quarterly dividend increase, raising it from $0.23 to $0.26, reflecting a continued commitment to returning value to shareholders.

TD Asset Management Inc lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,952,409 shares of the semiconductor company's stock after buying an additional 248,633 shares during the quarter. TD Asset Management Inc owned approximately 0.23% of Lam Research worth $287,387,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LRCX. Vanguard Group Inc. raised its stake in shares of Lam Research by 6.9% during 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 period. Nuveen LLC acquired a new position in shares of Lam Research during the 1st quarter worth approximately $604,344,000. Price T Rowe Associates Inc. MD raised its stake in shares of Lam Research by 99.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company's stock worth $417,242,000 after buying an additional 2,864,863 shares during the period. Boston Partners raised its stake in shares of Lam Research by 9,978.3% during the 1st quarter. Boston Partners now owns 2,350,362 shares of the semiconductor company's stock worth $170,787,000 after buying an additional 2,327,041 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Lam Research by 25.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock worth $693,319,000 after buying an additional 1,953,221 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Up 4.9%

Shares of NASDAQ:LRCX opened at $137.81 on Tuesday. 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 business has a fifty day moving average of $115.59 and a two-hundred day moving average of $95.18. The stock has a market cap of $173.78 billion, a P/E ratio of 33.13, a PEG ratio of 1.60 and a beta of 1.84. Lam Research Corporation has a 52-week low of $56.32 and a 52-week 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm's quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, September 24th. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio (DPR) is currently 25.00%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LRCX shares. Summit Insights downgraded Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Needham & Company LLC increased their price objective on Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Stifel Nicolaus set a $135.00 price objective on Lam Research and gave the company a "buy" rating in a research note on Monday. Argus increased their price objective on Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Morgan Stanley set a $125.00 price objective on Lam Research and gave the company an "equal weight" rating in a research note on Monday, September 22nd. Twenty-three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $122.00.

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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