Lam Research Corporation $LRCX Stake Lifted by Point72 Italy S.r.l.

Key Points

• Point72 Italy S.r.l. significantly increased its stake in Lam Research by 668.4%, now holding over 156,000 shares valued at approximately $11.35 million, making it the firm's second-largest position.
• Lam Research reported strong earnings with an EPS of $1.33, surpassing analysts' expectations and reflecting a 33.6% year-over-year revenue growth of $5.17 billion.
• The company has raised its quarterly dividend to $0.26, representing a yield of 1.0%, with a payout ratio of 22.12%.

Point72 Italy S.r.l. lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 668.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,046 shares of the semiconductor company's stock after acquiring an additional 135,737 shares during the period. Lam Research accounts for about 11.2% of Point72 Italy S.r.l.'s investment portfolio, making the stock its 2nd largest position. Point72 Italy S.r.l.'s holdings in Lam Research were worth $11,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after buying an additional 12,936 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Lam Research during the fourth quarter valued at about $273,000. AQR Capital Management LLC raised its stake in shares of Lam Research by 370.1% during the fourth quarter. AQR Capital Management LLC now owns 555,062 shares of the semiconductor company's stock valued at $40,092,000 after purchasing an additional 436,998 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Lam Research by 23.5% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 121,060 shares of the semiconductor company's stock valued at $8,744,000 after purchasing an additional 23,015 shares in the last quarter. Finally, Keel Point LLC raised its stake in shares of Lam Research by 871.7% during the fourth quarter. Keel Point LLC now owns 5,383 shares of the semiconductor company's stock valued at $389,000 after purchasing an additional 4,829 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Trading Down 3.8%

NASDAQ LRCX opened at $100.15 on Friday. 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 one year low of $56.32 and a one year high of $108.02. The business has a 50 day simple moving average of $99.45 and a 200 day simple moving average of $85.29. The stock has a market capitalization of $126.75 billion, a P/E ratio of 24.07, a P/E/G ratio of 1.29 and a beta of 1.65.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced 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 return on equity of 58.17% and a net margin of 29.07%.The firm had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The company's revenue for the quarter 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 expect that Lam Research Corporation will post 3.71 earnings per share for the current 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 $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. 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 payout ratio is 22.12%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of recent analyst reports. Summit Insights cut shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Needham & Company LLC increased their price objective on Lam Research from $110.00 to $115.00 and gave the stock a "buy" 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 price objective for the company. Wall Street Zen upgraded Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, TD Cowen raised their target price on shares of Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $107.30.

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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