Mattson Financial Services LLC Has $1.71 Million Holdings in Lam Research Corporation $LRCX

Key Points

• Mattson Financial Services LLC significantly increased its holdings in Lam Research Corporation by 1,098.8%, now owning 23,569 shares valued at approximately $1.71 million.
• Lam Research recently reported earnings that surpassed analysts' expectations, with $1.33 EPS and revenue of $5.17 billion, marking a 33.6% increase year-over-year.
• The company announced a quarterly dividend increase from $0.23 to $0.26, reflecting a commitment to shareholder returns, with a current dividend yield of 1.0%.

Mattson Financial Services LLC lifted its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 1,098.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,569 shares of the semiconductor company's stock after acquiring an additional 21,603 shares during the period. Mattson Financial Services LLC's holdings in Lam Research were worth $1,713,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. WBI Investments LLC grew its stake in shares of Lam Research by 56.4% in the first quarter. WBI Investments LLC now owns 26,901 shares of the semiconductor company's stock valued at $1,956,000 after acquiring an additional 9,697 shares in the last quarter. Chelsea Counsel Co. acquired a new position in shares of Lam Research in the first quarter valued at about $292,000. Acadian Asset Management LLC grew its stake in shares of Lam Research by 84.4% in the first quarter. Acadian Asset Management LLC now owns 207,086 shares of the semiconductor company's stock valued at $15,048,000 after acquiring an additional 94,763 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Lam Research by 65.4% in the first quarter. Geneos Wealth Management Inc. now owns 3,252 shares of the semiconductor company's stock valued at $236,000 after acquiring an additional 1,286 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its stake in shares of Lam Research by 974.5% in the first quarter. Belpointe Asset Management LLC now owns 19,330 shares of the semiconductor company's stock valued at $1,405,000 after acquiring an additional 17,531 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Up 1.7%

LRCX stock opened at $107.36 on Thursday. The stock has a market capitalization of $135.88 billion, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 1.36 and a beta of 1.76. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $108.02. The firm has a 50-day moving average price of $100.37 and a 200-day moving average price of $86.21.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion during 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%. The business's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter in the prior year, the business 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 anticipate that Lam Research Corporation will post 3.71 EPS 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. Stockholders of record on Wednesday, September 24th will be paid a $0.26 dividend. This is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's payout ratio is currently 22.12%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. TD Cowen upped their price objective on shares of Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Cantor Fitzgerald upped their price objective on shares of Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Wells Fargo & Company set a $98.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. UBS Group upped their price objective on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, The Goldman Sachs Group assumed coverage on shares of Lam Research in a research report on Thursday, July 10th. They set a "buy" rating and a $115.00 price objective for the company. Twenty investment 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. Based on data from MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and an average price target of $107.52.

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.

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