Lam Research Corporation $LRCX Shares Purchased by LGT Fund Management Co Ltd.

Key Points

• LGT Fund Management Co Ltd. raised its stake in Lam Research Corporation by 120.6% during the second quarter, acquiring a total of 38,620 shares valued at approximately $3.76 million.
• Lam Research reported a 33.6% increase in quarterly revenue year-over-year, with $5.17 billion against an expected $4.99 billion, and earnings per share of $1.33, surpassing estimates.
• The company has announced an increase in its quarterly dividend from $0.23 to $0.26, reflecting an annualized dividend yield of 0.7%, set to be paid on October 15th.

LGT Fund Management Co Ltd. raised its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 120.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,620 shares of the semiconductor company's stock after buying an additional 21,110 shares during the quarter. LGT Fund Management Co Ltd.'s holdings in Lam Research were worth $3,759,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC acquired a new stake in Lam Research during the 1st quarter valued at $26,000. 1 North Wealth Services LLC acquired a new stake in shares of Lam Research during the first quarter worth $36,000. Rossby Financial LCC acquired a new stake in shares of Lam Research during the first quarter worth $37,000. Saudi Central Bank acquired a new stake in shares of Lam Research during the first quarter worth $37,000. Finally, Hilltop National Bank acquired a new stake in shares of Lam Research during the second quarter worth $38,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Trading Down 0.8%

NASDAQ:LRCX opened at $145.81 on Friday. The business's 50-day moving average is $110.47 and its two-hundred day moving average is $92.27. 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 12 month low of $56.32 and a 12 month high of $147.91. The firm has a market capitalization of $183.87 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 1.79 and a beta of 1.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS 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 posted $1.03 earnings per share. The firm'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. Research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.7%. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend payout ratio is 25.00%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. B. Riley raised their price objective on Lam Research from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. TD Cowen raised their price objective on Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Weiss Ratings restated a "buy (b-)" rating on shares of Lam Research in a report on Saturday, September 27th. Erste Group Bank assumed coverage on Lam Research in a report on Thursday, August 14th. They set a "buy" rating on the stock. Finally, UBS Group raised their price objective on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Twenty-three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and an average target price of $119.20.

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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