Swedbank AB Has $305.91 Million Stock Position in Lam Research Corporation $LRCX

Key Points

• Swedbank AB reduced its shareholding in Lam Research Corporation by 2.7%, now owning 3,142,714 shares worth approximately $305.9 million.
• Lam Research recently reported a quarterly revenue of $5.17 billion, exceeding analyst expectations, and an increase in earnings per share to $1.33.
• The company announced a dividend increase to $0.26 per share, payable on October 15th, representing an annualized yield of 0.9%.

Swedbank AB reduced its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 2.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,142,714 shares of the semiconductor company's stock after selling 88,716 shares during the period. Swedbank AB owned about 0.25% of Lam Research worth $305,912,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in LRCX. Brighton Jones LLC raised its position in Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after purchasing an additional 12,936 shares during the period. Vident Advisory LLC grew its position in Lam Research by 970.8% in the fourth quarter. Vident Advisory LLC now owns 35,904 shares of the semiconductor company's stock valued at $2,593,000 after acquiring an additional 32,551 shares in the last quarter. Waverly Advisors LLC raised its stake in shares of Lam Research by 1,190.6% during the fourth quarter. Waverly Advisors LLC now owns 7,253 shares of the semiconductor company's stock valued at $524,000 after purchasing an additional 6,691 shares during the period. USS Investment Management Ltd lifted its position in shares of Lam Research by 878.6% during the fourth quarter. USS Investment Management Ltd now owns 293,702 shares of the semiconductor company's stock worth $21,208,000 after purchasing an additional 263,690 shares in the last quarter. Finally, Delta Investment Management LLC purchased a new position in shares of Lam Research in the fourth quarter valued at $350,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on LRCX shares. KeyCorp increased their price objective on shares of Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Argus raised their price target on shares of Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Needham & Company LLC boosted their price objective on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Stifel Nicolaus increased their price objective on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Finally, The Goldman Sachs Group initiated coverage on Lam Research in a research report on Thursday, July 10th. They set a "buy" rating and a $115.00 price target for the company. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and an average target price of $107.96.

Lam Research Stock Up 0.5%

Shares of LRCX traded up $0.60 during trading hours on Friday, reaching $126.92. The company's stock had a trading volume of 24,270,137 shares, compared to its average volume of 9,983,844. 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 firm has a market cap of $160.05 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 1.62 and a beta of 1.76. The company has a 50 day moving average of $103.36 and a two-hundred day moving average of $88.26. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $128.70.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, research analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a $0.26 dividend. This is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's payout ratio is presently 22.12%.

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.