Strs Ohio Invests $41.85 Million in Lam Research Corporation $LRCX

Key Points

• Strs Ohio has invested approximately $41.85 million in Lam Research Corporation, acquiring 575,605 shares during the 1st quarter of the year.
• Lam Research recently reported quarterly earnings exceeding expectations, with revenue of $5.17 billion, marking a 33.6% increase year-over-year.
• The company has increased its quarterly dividend to $0.26 per share, up from $0.23, reflecting a positive shift in its payout strategy.

Strs Ohio purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 575,605 shares of the semiconductor company's stock, valued at approximately $41,846,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LRCX. Smallwood Wealth Investment Management LLC purchased a new stake in Lam Research in the 1st quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC purchased a new stake in Lam Research in the 4th quarter valued at approximately $27,000. Park Square Financial Group LLC purchased a new stake in Lam Research in the 4th quarter valued at approximately $31,000. Putney Financial Group LLC purchased a new stake in Lam Research in the 4th quarter valued at approximately $36,000. Finally, 1 North Wealth Services LLC purchased a new stake in Lam Research in the 1st quarter valued at approximately $36,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of recent research reports. Oppenheimer upped their target price on Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Morgan Stanley reaffirmed an "underweight" rating and issued a $92.00 target price (down previously from $94.00) on shares of Lam Research in a research note on Tuesday, September 2nd. Summit Insights lowered Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Wall Street Zen raised Lam Research from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Citigroup increased their price target on Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.52.

Lam Research Trading Up 7.7%

LRCX stock opened at $115.58 on Friday. The company has a market cap of $146.28 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 1.38 and a beta of 1.76. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $100.71 and a 200-day simple moving average of $86.43. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $115.90.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 33.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities research analysts expect 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. Stockholders of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. Lam Research's payout ratio is currently 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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