Global X Japan Co. Ltd. Has $3.67 Million Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Global X Japan Co. Ltd. reduced its holdings in Lam Research by 12.9%, owning 37,749 shares worth approximately $3.67 million after selling 5,609 shares in the second quarter.
• Lam Research's stock has been rated as a Moderate Buy by analysts, with a consensus price target of $107.96, reflecting confidence in future growth.
• The company declared an increase in its quarterly dividend from $0.23 to $0.26, equating to an annualized dividend yield of 0.8%.

Global X Japan Co. Ltd. cut its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 12.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,749 shares of the semiconductor company's stock after selling 5,609 shares during the quarter. Global X Japan Co. Ltd.'s holdings in Lam Research were worth $3,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC acquired a new position in shares of Lam Research in the 1st quarter valued at approximately $26,000. Bruce G. Allen Investments LLC raised its position 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 valued at $41,000 after buying an additional 284 shares in the last quarter. Park Square Financial Group LLC acquired a new position in shares of Lam Research in the 4th quarter valued at approximately $31,000. Putney Financial Group LLC bought a new stake in shares of Lam Research during the 4th quarter valued at approximately $36,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Lam Research during the 1st quarter valued at approximately $36,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Down 0.7%

NASDAQ LRCX traded down $0.89 on Tuesday, hitting $131.31. 4,908,202 shares of the company were exchanged, compared to its average volume of 11,920,381. The company has a market cap of $165.59 billion, a PE ratio of 31.61, a PEG ratio of 1.63 and a beta of 1.76. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $133.57. The stock has a fifty day moving average of $104.01 and a 200-day moving average of $88.78. 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 (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The business had revenue of $5.17 billion for 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%. Lam Research's revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 earnings per share. 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 firm also recently disclosed 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. The ex-dividend date is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.8%. Lam Research's dividend payout ratio is currently 22.12%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several research reports. Cantor Fitzgerald lifted their price target on shares of Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Citigroup lifted their price target on shares of Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a report on Monday, September 8th. Stifel Nicolaus lifted their price target on shares of Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. B. Riley reaffirmed a "buy" rating and set a $115.00 price target (up from $95.00) on shares of Lam Research in a report on Wednesday, June 18th. Finally, 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 report on Tuesday, July 15th. Twenty investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $109.39.

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.