SCS Capital Management LLC Acquires New Stake in Lam Research Corporation $LRCX

Key Points

• SCS Capital Management LLC acquired a new stake of 6,638 shares in Lam Research Corporation valued at approximately $483,000 during the first quarter.
• Lam Research recently reported a quarterly EPS of $1.33, exceeding expectations of $1.21, along with a revenue of $5.17 billion for the quarter, reflecting a 33.6% year-over-year increase.
• The company announced a dividend increase to $0.26 per share, with the upcoming payment scheduled for October 15th, resulting in an annualized yield of 0.9%.

SCS Capital Management LLC acquired a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,638 shares of the semiconductor company's stock, valued at approximately $483,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LRCX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Lam Research by 6,383.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company's stock valued at $980,500,000 after buying an additional 13,365,317 shares in the last quarter. Vanguard Group Inc. increased its position in Lam Research by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock valued at $9,389,358,000 after buying an additional 8,364,375 shares in the last quarter. Nuveen LLC bought a new position in Lam Research during the 1st quarter valued at approximately $604,344,000. Nuveen Asset Management LLC increased its position in Lam Research by 417.5% during the 4th quarter. Nuveen Asset Management LLC now owns 6,317,540 shares of the semiconductor company's stock valued at $456,316,000 after buying an additional 5,096,751 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its position in Lam Research by 803.8% during the 4th quarter. Rafferty Asset Management LLC now owns 4,391,132 shares of the semiconductor company's stock valued at $317,171,000 after buying an additional 3,905,272 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

Shares of LRCX opened at $115.58 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. Lam Research Corporation has a one year low of $56.32 and a one year high of $115.90. The firm has a market capitalization of $146.28 billion, a P/E ratio of 27.78, a PEG ratio of 1.38 and a beta of 1.76. The business has a fifty day moving average of $100.71 and a 200 day moving average of $86.43.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous 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. As a group, sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be issued a $0.26 dividend. 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 annualized dividend and a dividend yield of 0.9%. Lam Research's dividend payout ratio is presently 25.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LRCX shares. The Goldman Sachs Group started coverage on Lam Research in a research report on Thursday, July 10th. They set a "buy" rating and a $115.00 price objective for the company. Wells Fargo & Company set a $98.00 target price on Lam Research and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Cantor Fitzgerald lifted their target price on Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Oppenheimer lifted their target price on Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, UBS Group lifted their target price on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $107.52.

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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