UniSuper Management Pty Ltd Buys 10,400 Shares of Lam Research Corporation $LRCX

Key Points

• UniSuper Management Pty Ltd has increased its holdings in Lam Research Corporation by 4.2%, acquiring an additional 10,400 shares, bringing its total ownership to 256,516 shares valued at approximately $18.6 million.
• Lam Research reported a quarterly earnings per share (EPS) of $1.33, exceeding analyst expectations of $1.21, and showed a revenue increase of 33.6% year-over-year to $5.17 billion.
• The company has announced a quarterly dividend increase to $0.26 per share, representing a boost from the previous $0.23, with an annualized dividend yield of 1.0%.

UniSuper Management Pty Ltd lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 4.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 256,516 shares of the semiconductor company's stock after purchasing an additional 10,400 shares during the period. UniSuper Management Pty Ltd's holdings in Lam Research were worth $18,649,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Scientech Research LLC acquired a new position in Lam Research in the first quarter valued at about $750,000. Nissay Asset Management Corp Japan ADV raised its position in Lam Research by 4.7% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 440,669 shares of the semiconductor company's stock valued at $32,037,000 after buying an additional 19,802 shares during the last quarter. NewEdge Advisors LLC raised its position in Lam Research by 17.3% in the 1st quarter. NewEdge Advisors LLC now owns 97,867 shares of the semiconductor company's stock valued at $7,115,000 after buying an additional 14,440 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Lam Research by 13.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,228,759 shares of the semiconductor company's stock valued at $89,318,000 after purchasing an additional 142,968 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in Lam Research by 4.9% in the first quarter. Integrated Wealth Concepts LLC now owns 44,982 shares of the semiconductor company's stock valued at $3,270,000 after purchasing an additional 2,116 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

Lam Research stock opened at $102.95 on Monday. Lam Research Corporation has a one year low of $56.32 and a one year high of $108.02. The business has a fifty day moving average price of $99.87 and a 200-day moving average price of $85.80. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The firm has a market capitalization of $130.30 billion, a P/E ratio of 24.75, a PEG ratio of 1.32 and a beta of 1.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted 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. 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 analyst estimates of $4.99 billion. During the same period last year, the company earned $1.03 earnings per share. The business's revenue for the quarter was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is 22.12%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several research reports. Wells Fargo & Company set a $98.00 price target on Lam Research and gave the stock an "equal weight" rating in a report on Thursday, July 31st. TD Cowen upped their price target on Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. B. Riley restated a "buy" rating and set a $115.00 target price (up previously from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. Argus increased their price target on Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Needham & Company LLC increased their price target on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus target price of $107.22.

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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