Patton Fund Management Inc. Takes Position in Lam Research Corporation $LRCX

Key Points

• Patton Fund Management Inc. has acquired a new stake in Lam Research Corporation, purchasing 3,083 shares valued at approximately $300,000.
• The company is experiencing significant interest from institutional investors, with 84.61% of the stock owned by hedge funds and other institutions.
• Analyst ratings for Lam Research show a consensus of 20 buy ratings and 7 hold ratings, indicating strong market confidence in the company.

Patton Fund Management Inc. acquired a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,083 shares of the semiconductor company's stock, valued at approximately $300,000.

Several other institutional investors also recently made changes to their positions in LRCX. Empowered Funds LLC boosted its position in Lam Research by 10.5% during the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock worth $13,629,000 after purchasing an additional 17,833 shares during the period. Pinnacle Financial Partners Inc purchased a new stake in Lam Research during the 1st quarter worth $201,000. Cookson Peirce & Co. Inc. purchased a new stake in Lam Research during the 1st quarter worth $607,000. China Universal Asset Management Co. Ltd. boosted its position 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 worth $3,607,000 after purchasing an additional 10,565 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its position in Lam Research by 47.8% during the 1st quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock worth $8,862,000 after purchasing an additional 39,414 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TD Cowen upped their price target 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. Stifel Nicolaus upped their price target on shares of Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. 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. 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 target for the company. Finally, Wall Street Zen cut shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Saturday, September 20th. Twenty research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $111.35.

Lam Research Stock Performance

NASDAQ:LRCX opened at $128.33 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The firm has a 50-day moving average of $106.28 and a two-hundred day moving average of $90.11. The stock has a market cap of $161.83 billion, a P/E ratio of 30.85, a PEG ratio of 1.62 and a beta of 1.76. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $133.57.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. The business had revenue of $5.17 billion for 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 company's revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, research analysts expect that Lam Research Corporation will post 3.71 earnings per share 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. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. Lam Research's dividend payout ratio (DPR) is currently 25.00%.

Lam Research 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.

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