Lam Research Corporation $LRCX Shares Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its stake in Lam Research Corporation by 10.5% in the first quarter, holding approximately 187,472 shares valued at $13.63 million.
• The company reported a 33.6% increase in revenue year-over-year, with earnings per share of $1.33 for the last quarter, surpassing estimates of $1.21.
• Lam Research declared a quarterly dividend of $0.26 per share, up from $0.23, reflecting a dividend yield of 1.0%.

Empowered Funds LLC grew its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 10.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 187,472 shares of the semiconductor company's stock after acquiring an additional 17,833 shares during the period. Empowered Funds LLC's holdings in Lam Research were worth $13,629,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Meridian Wealth Management LLC increased its holdings in shares of Lam Research by 1.4% in the 1st quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock valued at $707,000 after purchasing an additional 130 shares in the last quarter. GW&K Investment Management LLC boosted its position in Lam Research by 10.1% during the 1st quarter. GW&K Investment Management LLC now owns 1,534 shares of the semiconductor company's stock worth $112,000 after purchasing an additional 141 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in shares of Lam Research by 1.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 12,498 shares of the semiconductor company's stock worth $909,000 after purchasing an additional 146 shares in the last quarter. Citizens National Bank Trust Department lifted its position in shares of Lam Research by 34.0% during the first quarter. Citizens National Bank Trust Department now owns 603 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 153 shares in the last quarter. Finally, Progressive Investment Management Corp increased its stake in shares of Lam Research by 0.4% in the first quarter. Progressive Investment Management Corp now owns 42,581 shares of the semiconductor company's stock worth $3,096,000 after buying an additional 156 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Up 1.2%

LRCX stock traded up $1.38 during trading on Friday, hitting $116.96. 11,054,667 shares of the company traded hands, compared to its average volume of 11,901,450. The company has a 50-day moving average of $100.71 and a 200-day moving average of $86.43. The firm has a market capitalization of $148.03 billion, a PE ratio of 28.12, a P/E/G ratio of 1.38 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 1 year low of $56.32 and a 1 year high of $117.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly 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 company had revenue of $5.17 billion during 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 quarterly revenue was up 33.6% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts predict that Lam Research Corporation will post 3.71 earnings per share 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 $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is presently 25.00%.

Analyst Ratings Changes

Several equities analysts have recently commented on LRCX shares. Erste Group Bank assumed coverage on shares of Lam Research in a research report on Thursday, August 14th. They set a "buy" rating for the company. UBS Group increased their price target on Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, July 21st. TD Cowen upped their target price on Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Barclays set a $83.00 price target on Lam Research and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Stifel Nicolaus lifted their price objective on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $107.96.

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.