Plato Investment Management Ltd Has $3.63 Million Position in Lam Research Corporation $LRCX

Key Points

• Plato Investment Management Ltd has reduced its stake in Lam Research Corporation by 9.8%, now holding 49,343 shares valued at approximately $3.63 million.
• Lam Research recently announced an increase in its quarterly dividend from $0.23 to $0.26 per share, reflecting the company’s strong performance as it reported earnings exceeding analyst estimates.
• Analysts have raised price targets for Lam Research, with price objectives reaching as high as $120.00, indicating strong market expectations for the company's stock performance.

Plato Investment Management Ltd lowered its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 9.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,343 shares of the semiconductor company's stock after selling 5,342 shares during the period. Plato Investment Management Ltd's holdings in Lam Research were worth $3,626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pinnacle Financial Partners Inc acquired a new stake in Lam Research during the 1st quarter worth about $201,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Lam Research in the 4th quarter valued at about $6,296,000. China Universal Asset Management Co. Ltd. lifted its position in shares of Lam Research by 27.1% in the first 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 in the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in shares of Lam Research during the first quarter worth approximately $607,000. Finally, First Citizens Bank & Trust Co. boosted its holdings in shares of Lam Research by 47.8% during the first 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. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Trading Up 0.5%

Shares of NASDAQ:LRCX opened at $105.57 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $133.61 billion, a PE ratio of 25.38, a P/E/G ratio of 1.35 and a beta of 1.76. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $108.02. The firm has a fifty day moving average price of $100.20 and a 200 day moving average price of $86.06.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business's revenue was up 33.6% compared to the same quarter last year. During the same period last year, the company earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts expect 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. Shareholders of record on Wednesday, September 24th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. Lam Research's dividend payout ratio (DPR) is currently 22.12%.

Analysts Set New Price Targets

Several research analysts have weighed in on LRCX shares. Stifel Nicolaus upped their price objective on shares of Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. 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 note on Friday, August 1st. Mizuho lifted their price objective on Lam Research from $115.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company set a $98.00 target price on Lam Research and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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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