Lam Research Corporation $LRCX Shares Bought by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management LLC increased its stake in Lam Research Corporation by 63.1%, now owning 13,263 shares valued at approximately $967,000.
• Lam Research recently reported a strong quarterly earnings performance, with an EPS of $1.33, exceeding expectations and marking a 33.6% year-over-year revenue growth.
• The company announced an increase in its quarterly dividend to $0.26, representing a 1.0% yield, up from $0.23 previously.

Evergreen Capital Management LLC lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 63.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,263 shares of the semiconductor company's stock after purchasing an additional 5,130 shares during the quarter. Evergreen Capital Management LLC's holdings in Lam Research were worth $967,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Pinnacle Financial Partners Inc purchased a new position in Lam Research in the 1st quarter valued at approximately $201,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Lam Research in the fourth quarter valued at $6,296,000. China Universal Asset Management Co. Ltd. boosted its holdings in 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 purchasing an additional 10,565 shares during the period. Cookson Peirce & Co. Inc. purchased a new position in shares of Lam Research in the 1st quarter valued at about $607,000. Finally, First Citizens Bank & Trust Co. grew its holdings in Lam Research by 47.8% during the 1st quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock worth $8,862,000 after acquiring an additional 39,414 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Trading Down 3.8%

Shares of LRCX stock opened at $100.15 on Friday. The company has a market capitalization of $126.75 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 1.29 and a beta of 1.65. 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 business's 50 day moving average is $99.45 and its two-hundred day moving average is $85.29. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $108.02.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly 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. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period last year, the company earned $1.03 earnings per share. The company's revenue for the quarter was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. This is a boost from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is presently 22.12%.

Analyst Upgrades and Downgrades

LRCX has been the subject of several recent analyst reports. Argus lifted their price objective on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Summit Insights downgraded Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Oppenheimer upped their price objective 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 increased their price target on shares of Lam Research from $108.00 to $113.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Erste Group Bank began coverage on shares of Lam Research in a research note on Thursday, August 14th. They set a "buy" rating on the stock. Twenty equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and a consensus price target of $107.30.

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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