Itau Unibanco Holding S.A. Acquires 19,864 Shares of Lam Research Corporation $LRCX

Key Points

• Itau Unibanco Holding S.A. significantly increased its stake in Lam Research Corporation by 1,501.4% in the first quarter, owning 21,187 shares worth approximately $1.54 million.
• Lam Research reported earnings of $1.33 per share for the last quarter, exceeding estimates and achieving a year-over-year revenue increase of 33.6%.
• The stock currently has a consensus rating of "Moderate Buy" from analysts, with an average price target of $107.30.

Itau Unibanco Holding S.A. boosted its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 1,501.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,187 shares of the semiconductor company's stock after acquiring an additional 19,864 shares during the period. Itau Unibanco Holding S.A.'s holdings in Lam Research were worth $1,540,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LRCX. Meridian Wealth Management LLC lifted its position in shares of Lam Research by 1.4% in the 1st quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock worth $707,000 after purchasing an additional 130 shares during the period. GW&K Investment Management LLC lifted its position in shares of Lam Research by 10.1% in the 1st quarter. GW&K Investment Management LLC now owns 1,534 shares of the semiconductor company's stock worth $112,000 after purchasing an additional 141 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in shares of Lam Research by 1.2% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 12,498 shares of the semiconductor company's stock worth $909,000 after purchasing an additional 146 shares during the period. Citizens National Bank Trust Department lifted its position in shares of Lam Research by 34.0% in the 1st quarter. Citizens National Bank Trust Department now owns 603 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 153 shares during the period. Finally, Progressive Investment Management Corp lifted its position in shares of Lam Research by 0.4% in the 1st quarter. Progressive Investment Management Corp now owns 42,581 shares of the semiconductor company's stock worth $3,096,000 after purchasing an additional 156 shares during the period. Institutional investors own 84.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. B. Riley reissued a "buy" rating and set a $115.00 price target (up from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. KeyCorp lifted their price target on shares of Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Wells Fargo & Company set a $98.00 price target on shares of Lam Research and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Summit Insights cut shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Finally, Argus lifted their price target on shares of Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Twenty equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $107.30.

Lam Research Stock Down 3.8%

Lam Research stock traded down $3.94 during trading hours on Monday, hitting $100.15. The stock had a trading volume of 12,177,963 shares, compared to its average volume of 11,266,383. 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 stock 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 1.76. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $108.02. The stock's 50-day moving average price is $99.45 and its 200-day moving average price is $85.31.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The business'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 research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently declared 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. This is a boost 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 1.0%. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is presently 22.12%.

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.