Lam Research Corporation $LRCX Shares Purchased by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. increased its holdings in Lam Research by 18.0%, owning 530,452 shares worth approximately $51.63 million after acquiring an additional 81,068 shares.
• Lam Research reported $1.33 EPS for the recent quarter, surpassing estimates and reflecting a 33.6% increase in revenue year-over-year.
• The company announced a dividend increase to $0.26 per share, up from $0.23, with a payout ratio of 25.00% and an annual yield of 0.7%.

QRG Capital Management Inc. boosted its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 18.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 530,452 shares of the semiconductor company's stock after purchasing an additional 81,068 shares during the quarter. QRG Capital Management Inc.'s holdings in Lam Research were worth $51,634,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC acquired a new position in Lam Research in the first quarter worth $26,000. Hilltop National Bank bought a new position in shares of Lam Research during the second quarter worth about $38,000. Bruce G. Allen Investments LLC increased its holdings in shares of Lam Research by 207.3% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 284 shares during the period. 1 North Wealth Services LLC bought a new stake in Lam Research in the 1st quarter valued at about $36,000. Finally, City Holding Co. lifted its position in Lam Research by 81.8% in the 2nd quarter. City Holding Co. now owns 500 shares of the semiconductor company's stock valued at $49,000 after purchasing an additional 225 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Price Performance

Shares of Lam Research stock opened at $145.81 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $147.91. The stock has a market cap 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. The company's 50-day moving average price is $110.47 and its two-hundred day moving average price is $92.27.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating 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 company had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The business's quarterly revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. 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 yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's payout ratio is currently 25.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LRCX. Needham & Company LLC lifted their price objective on shares of Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. HSBC set a $127.00 price objective on shares of Lam Research and gave the company a "hold" rating in a research report on Tuesday. Morgan Stanley set a $125.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a research report on Monday, September 22nd. Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Lam Research from a "hold" rating to a "buy" rating and upped their price objective for the stock from $100.00 to $150.00 in a report on Monday. 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 MarketBeat.com, Lam Research presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.