Scientech Research LLC Purchases New Holdings in Lam Research Corporation $LRCX

Key Points

• Scientech Research LLC has acquired a new position in Lam Research Corporation, purchasing 10,312 shares valued at approximately $750,000 during the first quarter.
• Lam Research recently reported better-than-expected earnings, with a quarterly EPS of $1.33, exceeding analyst estimates of $1.21, and a revenue of $5.17 billion.
• The company announced an increase in its quarterly dividend from $0.23 to $0.26, which will be paid on October 15th, reflecting a 1.0% dividend yield.

Scientech Research LLC bought a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,312 shares of the semiconductor company's stock, valued at approximately $750,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC purchased a new position in shares of Lam Research in the 1st quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at approximately $27,000. Park Square Financial Group LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at approximately $31,000. Putney Financial Group LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at approximately $36,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Lam Research in the 1st quarter valued at approximately $36,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of analyst reports. Citigroup boosted their price target on Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a report on Monday. UBS Group boosted their price target on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Oppenheimer boosted their price target on Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Wall Street Zen raised Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Morgan Stanley reaffirmed an "underweight" rating and issued a $92.00 price objective (down previously from $94.00) on shares of Lam Research in a research report on Tuesday, September 2nd. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $107.96.

Lam Research Trading Up 1.2%

LRCX stock traded up $1.38 during trading on Friday, reaching $116.96. 11,054,655 shares of the stock traded hands, compared to its average volume of 11,901,445. The business's 50 day moving average price is $100.71 and its 200-day moving average price is $86.43. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $117.50. 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 market capitalization of $148.03 billion, a PE ratio of 28.12, a P/E/G ratio of 1.38 and a beta of 1.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly 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. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. The firm's quarterly 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. As a group, sell-side analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current 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 given 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 annualized dividend and a dividend yield of 0.9%. Lam Research's dividend payout ratio (DPR) is currently 25.00%.

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.