Tema Etfs LLC Grows Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Tema Etfs LLC increased its stake in Lam Research Corporation by 145.6% in the first quarter, now holding 15,384 shares valued at approximately $1.12 million.
• Ameriprise Financial Inc. raised its stake by 950.5% during the fourth quarter, now owning over 34.5 million shares valued at about $2.5 billion, indicating strong institutional interest in Lam Research.
• Lam Research reported a quarterly earnings per share (EPS) of $1.33, exceeding analysts' expectations and reflecting a significant year-over-year revenue increase of 33.6%.

Tema Etfs LLC lifted its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 145.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,384 shares of the semiconductor company's stock after buying an additional 9,120 shares during the quarter. Tema Etfs LLC's holdings in Lam Research were worth $1,118,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Meridian Wealth Management LLC lifted its holdings in shares of Lam Research by 1.4% in the first quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock worth $707,000 after buying an additional 130 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in shares of Lam Research by 10.1% in the first quarter. GW&K Investment Management LLC now owns 1,534 shares of the semiconductor company's stock worth $112,000 after buying an additional 141 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Lam Research by 1.2% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 12,498 shares of the semiconductor company's stock worth $909,000 after purchasing an additional 146 shares during the last quarter. Citizens National Bank Trust Department increased its position in Lam Research by 34.0% in the first quarter. Citizens National Bank Trust Department now owns 603 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 153 shares during the last quarter. Finally, Progressive Investment Management Corp increased its position in Lam Research by 0.4% in the first quarter. Progressive Investment Management Corp now owns 42,581 shares of the semiconductor company's stock worth $3,096,000 after purchasing an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Mizuho boosted their price target on shares of Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Wells Fargo & Company set a $98.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Erste Group Bank began coverage on shares of Lam Research in a research report on Thursday, August 14th. They set a "buy" rating on the stock. Finally, Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Twenty equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.30.

Lam Research Stock Down 3.8%

NASDAQ:LRCX traded down $3.94 during mid-day trading on Monday, reaching $100.15. The company's stock had a trading volume of 12,177,963 shares, compared to its average volume of 11,266,383. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $108.02. The stock has a fifty day moving average of $99.45 and a 200-day moving average of $85.31. The firm has a market capitalization of $126.75 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 1.29 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.

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, topping analysts' consensus estimates of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The firm's revenue for the quarter 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. Equities research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. Lam Research's payout ratio is currently 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.