Lam Research Corporation $LRCX Shares Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Lam Research by 6.4%, owning over 1 million shares valued at approximately $98.7 million.
• Lam Research recently reported strong earnings, with a net margin of 29.07% and revenue of $5.17 billion, exceeding analyst expectations.
• The company has announced a dividend increase from $0.23 to $0.26 per share, with an annualized basis yield of 0.8%.

Aberdeen Group plc increased its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 6.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,013,051 shares of the semiconductor company's stock after purchasing an additional 60,582 shares during the period. Aberdeen Group plc owned about 0.08% of Lam Research worth $98,727,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LRCX. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Lam Research during the 1st quarter valued at $26,000. REAP Financial Group LLC acquired a new stake in shares of Lam Research during the 2nd quarter valued at $31,000. 1 North Wealth Services LLC acquired a new stake in shares of Lam Research during the 1st quarter valued at $36,000. Rossby Financial LCC acquired a new stake in shares of Lam Research during the 1st quarter valued at $37,000. Finally, Saudi Central Bank acquired a new stake in shares of Lam Research during the 1st quarter valued at $37,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Ratings Changes

LRCX has been the subject of a number of research reports. KeyCorp lifted their target price on shares of Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Lam Research in a research note on Wednesday. Barclays set a $83.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a research note on Monday, July 28th. Erste Group Bank initiated coverage on shares of Lam Research in a research note on Thursday, August 14th. They issued a "buy" rating for the company. Finally, Summit Insights lowered shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $121.00.

Lam Research Stock Down 6.8%

Lam Research stock opened at $131.37 on Friday. The firm has a market cap of $165.66 billion, a price-to-earnings ratio of 31.58, a P/E/G ratio of 1.72 and a beta of 1.84. 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 fifty-two week low of $56.32 and a fifty-two week high of $153.70. The firm has a fifty day moving average price of $114.80 and a two-hundred day moving average price of $94.46.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business's revenue was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently disclosed 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. This is an increase 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%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is currently 25.00%.

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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