Lingohr Asset Management GmbH Makes New Investment in Lam Research Corporation $LRCX

Key Points

• Lingohr Asset Management GmbH has acquired a new position in Lam Research Corporation, purchasing 8,622 shares valued at approximately $839,000, which makes it the company's 21st largest holding.
• Analysts have recently raised their price targets for Lam Research, with several firms setting new objectives between $110 and $120, reflecting a consensus rating of "Moderate Buy."
• Lam Research has reported a 33.6% year-over-year revenue increase, with quarterly earnings surpassing expectations at $1.33 EPS and a revenue of $5.17 billion.

Lingohr Asset Management GmbH bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,622 shares of the semiconductor company's stock, valued at approximately $839,000. Lam Research comprises about 1.5% of Lingohr Asset Management GmbH's investment portfolio, making the stock its 21st largest holding.

Other large investors also recently bought and sold shares of the company. Pinnacle Financial Partners Inc purchased a new stake in Lam Research during the 1st quarter worth approximately $201,000. Empowered Funds LLC lifted its stake in Lam Research by 10.5% during the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock valued at $13,629,000 after acquiring an additional 17,833 shares during the period. Cookson Peirce & Co. Inc. acquired a new stake in Lam Research during the 1st quarter valued at approximately $607,000. B. Riley Wealth Advisors Inc. acquired a new stake in Lam Research during the 4th quarter valued at approximately $6,296,000. Finally, China Universal Asset Management Co. Ltd. lifted its stake in Lam Research by 27.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock valued at $3,607,000 after acquiring an additional 10,565 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Raymond James Financial lifted their price objective on shares of Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Citigroup lifted their price objective on shares of Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, September 8th. KeyCorp lifted their price objective on shares of Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Argus lifted their price objective on shares of Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group initiated coverage on shares of Lam Research in a research note on Thursday, July 10th. They set a "buy" rating and a $115.00 price objective for the company. Twenty research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $107.96.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $116.96 on Monday. The firm has a market cap of $148.03 billion, a PE ratio of 28.12, a PEG ratio of 1.50 and a beta of 1.76. The firm has a fifty day moving average of $101.07 and a 200 day moving average of $86.80. 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 one year low of $56.32 and a one 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 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%. The firm's revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, research analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 24th. This is a boost from Lam Research's previous quarterly dividend of $0.23. Lam Research's payout ratio is presently 25.00%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.