Soros Capital Management LLC Acquires New Position in Lam Research Corporation $LRCX

Key Points

• Soros Capital Management has purchased 47,314 shares of Lam Research Corporation, valued at approximately $3.44 million, which makes it the firm's 27th biggest holding.
• Significant increases in holdings of Lam Research have been reported by several hedge funds, such as Ameriprise Financial, which raised its stake by 950.5% in the last quarter.
• Analysts have set a consensus price target of $107.30 for Lam Research, with 20 analysts rating it as a Buy.

Soros Capital Management LLC bought a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 47,314 shares of the semiconductor company's stock, valued at approximately $3,440,000. Lam Research makes up about 0.9% of Soros Capital Management LLC's portfolio, making the stock its 27th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in LRCX. Brighton Jones LLC grew its position in shares of Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after buying an additional 12,936 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Lam Research by 305.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,874,358 shares of the semiconductor company's stock worth $207,615,000 after purchasing an additional 2,165,218 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Lam Research by 1,370.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 147,280 shares of the semiconductor company's stock worth $10,639,000 after buying an additional 137,262 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Lam Research by 9,709.2% during the 4th quarter. Integrated Wealth Concepts LLC now owns 42,866 shares of the semiconductor company's stock valued at $3,096,000 after buying an additional 42,429 shares in the last quarter. Finally, Hancock Whitney Corp increased its position in Lam Research by 899.3% during the 4th quarter. Hancock Whitney Corp now owns 5,936 shares of the semiconductor company's stock valued at $429,000 after buying an additional 5,342 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Price Performance

NASDAQ:LRCX traded up $0.42 during trading hours on Thursday, reaching $104.09. 7,372,322 shares of the company were exchanged, compared to its average volume of 12,501,825. The stock's 50-day moving average is $99.02 and its 200-day moving average is $85.01. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $108.02. The firm has a market cap of $131.74 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 1.33 and a beta of 1.65. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38.

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 for the quarter, topping the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate 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 firm earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company 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. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio (DPR) is 22.12%.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of research analyst reports. Erste Group Bank started coverage on Lam Research in a research note on Thursday, August 14th. They issued a "buy" rating for the company. TD Cowen raised 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. B. Riley restated a "buy" rating and set a $115.00 price objective (up from $95.00) on shares of Lam Research in a research note on Wednesday, June 18th. Barclays set a $83.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Finally, Oppenheimer boosted their target price on shares of Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Twenty equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $107.30.

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.