Trexquant Investment LP Grows Holdings in Lam Research Corporation $LRCX

Key Points

• Trexquant Investment LP increased its stake in Lam Research Corporation by 25.2% during the first quarter, now owning 718,410 shares valued at approximately $52.2 million.
• Lam Research has received multiple favorable ratings from analysts, with target prices ranging from $94.00 to $115.00, and the stock currently holds an average rating of "Moderate Buy."
• The semiconductor company reported a 33.6% year-over-year increase in revenue, reaching $5.17 billion during its latest quarterly earnings.

Trexquant Investment LP lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 25.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 718,410 shares of the semiconductor company's stock after buying an additional 144,606 shares during the quarter. Lam Research comprises 0.6% of Trexquant Investment LP's investment portfolio, making the stock its 8th biggest position. Trexquant Investment LP owned about 0.06% of Lam Research worth $52,228,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LRCX. Ameriprise Financial Inc. lifted its stake in shares of Lam Research by 950.5% during the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock valued at $2,495,128,000 after buying an additional 31,255,726 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Lam Research by 6,383.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company's stock valued at $980,500,000 after buying an additional 13,365,317 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Lam Research in the 4th quarter worth approximately $792,161,000. Vanguard Group Inc. lifted its stake in Lam Research by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after purchasing an additional 8,364,375 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Lam Research in the 1st quarter worth approximately $604,344,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on LRCX. Wells Fargo & Company set a $98.00 target price on shares of Lam Research and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Summit Insights cut shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. UBS Group increased their target price on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Cantor Fitzgerald increased their target price on shares of Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, Needham & Company LLC increased their target price on shares of Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Twenty equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and an average price target of $107.30.

Lam Research Price Performance

Shares of NASDAQ:LRCX traded down $3.94 during trading on Friday, reaching $100.15. The company had a trading volume of 12,177,963 shares, compared to its average volume of 11,487,494. The company has a fifty day moving average of $99.45 and a two-hundred day moving average of $85.29. The stock has a market capitalization of $126.75 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 1.29 and a beta of 1.65. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $108.02. 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 issued its quarterly earnings results 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 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 business'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 firm earned $1.03 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. 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. Lam Research's payout ratio is currently 22.12%.

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.