Shell Asset Management Co. Raises Holdings in Lam Research Corporation $LRCX

Key Points

• Shell Asset Management Co. increased its stake in Lam Research Corporation by 23.6% during Q2, owning 69,699 shares valued at $6.785 million.
• Analysts have mixed ratings on Lam Research, with a consensus rating of Moderate Buy and an average price target of $119.20.
• Lam Research reported a 33.6% revenue growth year-over-year, with an EPS of $1.33 for the last quarter, exceeding analysts' expectations.

Shell Asset Management Co. grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 23.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,699 shares of the semiconductor company's stock after acquiring an additional 13,296 shares during the quarter. Shell Asset Management Co.'s holdings in Lam Research were worth $6,785,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after buying an additional 12,936 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Lam Research by 23.8% in the 1st quarter. Sivia Capital Partners LLC now owns 3,692 shares of the semiconductor company's stock worth $268,000 after acquiring an additional 710 shares during the last quarter. Wedmont Private Capital lifted its position in Lam Research by 15.8% during the 1st quarter. Wedmont Private Capital now owns 17,362 shares of the semiconductor company's stock worth $1,172,000 after acquiring an additional 2,367 shares during the period. UMB Bank n.a. purchased a new stake in Lam Research during the 1st quarter valued at about $357,000. Finally, Park Avenue Securities LLC increased its holdings in shares of Lam Research by 5.8% in the first quarter. Park Avenue Securities LLC now owns 56,015 shares of the semiconductor company's stock valued at $4,072,000 after purchasing an additional 3,085 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LRCX. Summit Insights cut shares of Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Weiss Ratings reiterated a "buy (b-)" rating on shares of Lam Research in a research note on Saturday, September 27th. Morgan Stanley set a $125.00 price objective on Lam Research and gave the company an "equal weight" rating in a report on Monday, September 22nd. Barclays set a $83.00 target price on Lam Research and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Rothschild & Co Redburn boosted their price target on Lam Research from $115.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, October 1st. Twenty-three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Lam Research currently has an average rating of "Moderate Buy" and a consensus price target of $119.20.

Lam Research Stock Up 2.3%

Lam Research stock opened at $149.15 on Tuesday. 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 stock has a market capitalization of $188.08 billion, a PE ratio of 35.85, a price-to-earnings-growth ratio of 1.78 and a beta of 1.84. The business has a 50 day simple moving average of $111.48 and a 200-day simple moving average of $92.99. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $153.70.

Lam Research (NASDAQ:LRCX - Get Free Report) last released 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. The firm 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%. The firm's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. This is an increase from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 annualized dividend and a yield of 0.7%. Lam Research's dividend payout ratio (DPR) is presently 25.00%.

Lam Research Company 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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