Teza Capital Management LLC Invests $489,000 in Lam Research Corporation $LRCX

Key Points

• Teza Capital Management LLC has invested approximately $489,000 in Lam Research Corporation, acquiring 6,732 shares during the first quarter.
• Analysts are optimistic about Lam Research, with multiple upgrades raising price targets; for example, Argus increased its target from $105.00 to $120.00.
• Lam Research recently increased its quarterly dividend from $0.23 to $0.26, representing an annualized yield of 1.0% and a payout ratio of 22.12%.

Teza Capital Management LLC purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,732 shares of the semiconductor company's stock, valued at approximately $489,000.

A number of other institutional investors also recently bought and sold shares of LRCX. Smallwood Wealth Investment Management LLC purchased a new stake in Lam Research during the first quarter worth approximately $26,000. Mpwm Advisory Solutions LLC purchased a new stake in Lam Research during the fourth quarter worth approximately $27,000. Park Square Financial Group LLC purchased a new stake in Lam Research during the fourth quarter worth approximately $31,000. Putney Financial Group LLC purchased a new stake in Lam Research during the fourth quarter worth approximately $36,000. Finally, 1 North Wealth Services LLC purchased a new stake in Lam Research during the first quarter worth approximately $36,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Performance

LRCX traded up $1.84 on Wednesday, hitting $107.41. 8,025,023 shares of the company traded hands, compared to its average volume of 11,825,676. The company has a 50 day moving average of $100.20 and a 200-day moving average of $86.06. 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 stock has a market capitalization of $135.95 billion, a PE ratio of 25.82, a PEG ratio of 1.35 and a beta of 1.76. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $108.02.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the business earned $1.03 EPS. The firm's revenue 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. Sell-side analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently disclosed 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. The ex-dividend date 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 yield of 1.0%. Lam Research's dividend payout ratio (DPR) is currently 22.12%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LRCX shares. TD Cowen boosted their target price on Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Erste Group Bank started coverage on Lam Research in a research note on Thursday, August 14th. They set a "buy" rating for the company. Mizuho raised their price target on Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Oppenheimer boosted their price objective on Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Summit Insights cut Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and an average price target of $107.52.

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.