Lam Research Corporation $LRCX Shares Bought by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors LLC increased its stake in Lam Research Corporation by 62.5% during the first quarter, owning a total of 913,616 shares, valued at approximately $66.42 million.
• Lam Research Corporation reported an earnings per share (EPS) of $1.33 for the last quarter, surpassing analysts' expectations by $0.12 and showing a year-over-year revenue growth of 33.6%.
• Wall Street analysts have raised their price targets for Lam Research, with the average target now at $107.30, indicating a consensus of "Moderate Buy" for the stock.

Ceredex Value Advisors LLC boosted its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 62.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 913,616 shares of the semiconductor company's stock after purchasing an additional 351,440 shares during the quarter. Lam Research comprises approximately 1.5% of Ceredex Value Advisors LLC's portfolio, making the stock its 11th biggest position. Ceredex Value Advisors LLC owned approximately 0.07% of Lam Research worth $66,420,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LRCX. Smallwood Wealth Investment Management LLC acquired a new stake in Lam Research in the first quarter valued at $26,000. West Paces Advisors Inc. acquired a new position in shares of Lam Research in the 4th quarter worth approximately $27,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Lam Research in the 4th quarter worth approximately $27,000. Park Square Financial Group LLC bought a new stake in Lam Research during the 4th quarter valued at $31,000. Finally, Putney Financial Group LLC acquired a new position in shares of Lam Research during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

Shares of LRCX traded down $3.94 during mid-day trading on Friday, reaching $100.15. 12,177,963 shares of the stock traded hands, compared to its average volume of 11,935,153. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $108.02. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The company has a market cap of $126.75 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 1.33 and a beta of 1.65. The firm has a fifty day moving average price of $99.25 and a 200 day moving average price of $85.15.

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

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio (DPR) is 22.12%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Erste Group Bank initiated coverage on Lam Research in a research report on Thursday, August 14th. They issued a "buy" rating for the company. Wells Fargo & Company set a $98.00 price target on Lam Research and gave the company an "equal weight" rating in a research note on Thursday, July 31st. The Goldman Sachs Group began coverage on Lam Research in a report on Thursday, July 10th. They set a "buy" rating and a $115.00 target price for the company. Summit Insights cut Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Needham & Company LLC lifted their price target 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. Twenty equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and an average price target of $107.30.

About Lam Research

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.