Assenagon Asset Management S.A. Boosts Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Assenagon Asset Management S.A. increased its stake in Lam Research by 23.9% during the 2nd quarter, holding over 1 million shares valued at $104.6 million as of the latest SEC filing.
• Lam Research's stock recently saw a price performance with a one-year low of $56.32 and a high of $128.70, and currently has an average target price of $107.96.
• The company announced an increase in its quarterly dividend from $0.23 to $0.26, with payment set for October 15th, reflecting a dividend yield of 0.8%.

Assenagon Asset Management S.A. lifted its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 23.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,075,091 shares of the semiconductor company's stock after acquiring an additional 207,089 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.08% of Lam Research worth $104,649,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Smallwood Wealth Investment Management LLC acquired a new stake in Lam Research in the first quarter valued at $26,000. Park Square Financial Group LLC purchased a new position in Lam Research in the 4th quarter valued at about $31,000. Putney Financial Group LLC bought a new position in shares of Lam Research during the fourth quarter worth about $36,000. 1 North Wealth Services LLC acquired a new position in shares of Lam Research during the first quarter valued at approximately $36,000. Finally, Rossby Financial LCC acquired a new position in Lam Research in the 1st quarter worth approximately $37,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on LRCX. B. Riley reiterated a "buy" rating and set a $115.00 target price (up from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. Summit Insights downgraded Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Mizuho lifted their target price on Lam Research from $120.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Oppenheimer increased their target price on Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, KeyCorp raised their price objective on Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $107.96.

Lam Research Trading Up 0.5%

LRCX traded up $0.60 during mid-day trading on Friday, reaching $126.92. The stock had a trading volume of 24,270,137 shares, compared to its average volume of 10,712,953. The firm's fifty day simple moving average is $103.36 and its two-hundred day simple moving average is $88.41. The stock has a market capitalization of $160.05 billion, a P/E ratio of 30.51, a P/E/G ratio of 1.63 and a beta of 1.76. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $128.70.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 33.6% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 annualized dividend and a yield of 0.8%. This is a boost from Lam Research's previous quarterly dividend of $0.23. Lam Research's payout ratio 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.