Lam Research Corporation $LRCX Shares Bought by Harrell Investment Partners LLC

Key Points

• Harrell Investment Partners LLC significantly increased its stake in Lam Research Corporation by 133.2% during Q2, owning 11,660 shares valued at approximately $1.135 million.
• Lam Research reported a strong Q2 earnings per share of $1.33, exceeding the consensus estimate and showing a 33.6% year-over-year revenue growth.
• The company recently announced an increase in its quarterly dividend to $0.26 per share, reflecting its commitment to returning value to shareholders.

Harrell Investment Partners LLC grew its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 133.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,660 shares of the semiconductor company's stock after purchasing an additional 6,660 shares during the quarter. Harrell Investment Partners LLC's holdings in Lam Research were worth $1,135,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Empowered Funds LLC grew its holdings in shares of Lam Research by 10.5% in the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock worth $13,629,000 after acquiring an additional 17,833 shares during the last quarter. Pinnacle Financial Partners Inc acquired a new position in shares of Lam Research in the 1st quarter worth $201,000. Cookson Peirce & Co. Inc. acquired a new position in shares of Lam Research in the 1st quarter worth $607,000. China Universal Asset Management Co. Ltd. grew its holdings in shares of Lam Research by 27.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock worth $3,607,000 after acquiring an additional 10,565 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its holdings in shares of Lam Research by 47.8% in 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 during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Price Performance

NASDAQ LRCX opened at $128.32 on Thursday. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $133.57. The stock's 50-day moving average is $105.18 and its two-hundred day moving average is $89.35. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The firm has a market cap of $161.82 billion, a P/E ratio of 30.85, a price-to-earnings-growth ratio of 1.68 and a beta of 1.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share 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 earned $1.03 earnings per share. The business'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. On average, analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal 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 dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. This is an increase from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio is 22.12%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LRCX. UBS Group lifted their target price on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Stifel Nicolaus raised their target price on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Raymond James Financial raised their target price on Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Barclays set a $83.00 target price on Lam Research and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Cantor Fitzgerald lifted their price objective on Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Twenty analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and an average target price of $111.35.

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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