NewEdge Advisors LLC Purchases 14,440 Shares of Lam Research Corporation $LRCX

Key Points

• NewEdge Advisors LLC increased its stake in Lam Research Corporation by 17.3%, acquiring an additional 14,440 shares, bringing its total holdings to 97,867 shares worth approximately $7.1 million.
• Lam Research reported quarterly earnings of $1.33 per share, surpassing analyst estimates, and achieved a 33.6% year-over-year revenue growth to $5.17 billion.
• The company recently announced a dividend increase to $0.26 per share, reflecting its strong financial position with a dividend yield of 1.0% and a payout ratio of 22.12%.

NewEdge Advisors LLC boosted its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 17.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,867 shares of the semiconductor company's stock after purchasing an additional 14,440 shares during the period. NewEdge Advisors LLC's holdings in Lam Research were worth $7,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Lam Research by 13.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,228,759 shares of the semiconductor company's stock worth $89,318,000 after purchasing an additional 142,968 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Lam Research by 4.9% during the first quarter. Integrated Wealth Concepts LLC now owns 44,982 shares of the semiconductor company's stock valued at $3,270,000 after acquiring an additional 2,116 shares in the last quarter. Eventide Asset Management LLC raised its stake in shares of Lam Research by 31.4% during the first quarter. Eventide Asset Management LLC now owns 737,195 shares of the semiconductor company's stock valued at $53,592,000 after acquiring an additional 175,985 shares in the last quarter. Cinctive Capital Management LP bought a new stake in shares of Lam Research during the first quarter valued at approximately $3,481,000. Finally, Clark Capital Management Group Inc. bought a new stake in shares of Lam Research during the first quarter valued at approximately $815,000. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

Shares of LRCX stock opened at $102.95 on Monday. The firm has a market cap of $130.30 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 1.32 and a beta of 1.76. The company's 50 day moving average is $99.87 and its 200 day moving average is $85.80. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $108.02.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data 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. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period last year, the company posted $1.03 earnings per share. Lam Research's revenue 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. On average, sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently announced 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. The ex-dividend date is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. Lam Research's dividend payout ratio (DPR) is currently 22.12%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LRCX. 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 note on Thursday, July 31st. Argus lifted their price target 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. Citigroup lifted their price target on shares of Lam Research from $108.00 to $113.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Summit Insights downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, KeyCorp lifted their price target 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. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $107.22.

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.

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.