Lam Research Corporation $LRCX Shares Bought by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management LLC increased its stake in Lam Research by 39.7%, acquiring an additional 14,966 shares, bringing their total holdings to 52,691 shares valued at approximately $5.2 million.
• Several analysts have recently upgraded their price targets for Lam Research, with Mizuho raising it from $120 to $130 and Citigroup from $113 to $120, reflecting strong market confidence.
• Lam Research announced a quarterly dividend increase from $0.23 to $0.26 per share, scheduled for payout on October 15th, representing an annualized yield of 0.8%.

NorthCrest Asset Manangement LLC grew its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 39.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,691 shares of the semiconductor company's stock after purchasing an additional 14,966 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Lam Research were worth $5,206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Smallwood Wealth Investment Management LLC acquired a new stake in Lam Research during the first quarter worth $26,000. Park Square Financial Group LLC bought a new position in Lam Research during the 4th quarter valued at about $31,000. Putney Financial Group LLC bought a new position in Lam Research during the 4th quarter valued at about $36,000. 1 North Wealth Services LLC bought a new position in Lam Research during the 1st quarter valued at about $36,000. Finally, Rossby Financial LCC bought a new position in shares of Lam Research in the first quarter worth about $37,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LRCX. Erste Group Bank started coverage on shares of Lam Research in a research note on Thursday, August 14th. They set a "buy" rating for the company. Needham & Company LLC increased their target price on shares of Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Cantor Fitzgerald raised their price objective on Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Argus upped their price target on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Summit Insights lowered shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and a consensus price target of $107.96.

Lam Research Stock Performance

Lam Research stock traded up $0.60 during midday trading on Friday, reaching $126.92. The stock had a trading volume of 24,270,137 shares, compared to its average volume of 9,983,844. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $128.70. The firm's 50-day moving average price is $103.36 and its 200 day moving average price is $88.26. The firm has a market capitalization of $160.05 billion, a PE ratio of 30.51, a P/E/G ratio of 1.62 and a beta of 1.76. 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 (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion for 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%. Lam Research's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period 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, research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be paid a $0.26 dividend. 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. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. Lam Research's payout ratio is 22.12%.

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.