Wedge Capital Management L L P NC Invests $244,000 in Lam Research Corporation $LRCX

Key Points

• Wedge Capital Management has invested approximately $244,000 in Lam Research Corporation (LRCX) by acquiring 2,503 shares in the second quarter.
• Lam Research recently reported a strong quarterly earnings record with an EPS of $1.33, exceeding analysts' expectations of $1.21, and a revenue increase of 33.6% year-over-year.
• The company announced a quarterly dividend increase to $0.26 per share, reflecting a positive change from the previous dividend of $0.23, with an ex-dividend date set for September 24th.

Wedge Capital Management L L P NC bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,503 shares of the semiconductor company's stock, valued at approximately $244,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Meridian Wealth Management LLC lifted its position in shares of Lam Research by 1.4% during the first quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock worth $707,000 after purchasing an additional 130 shares during the last quarter. Bay Rivers Group increased its stake in shares of Lam Research by 0.6% during the second quarter. Bay Rivers Group now owns 22,404 shares of the semiconductor company's stock valued at $2,181,000 after buying an additional 130 shares during the period. GW&K Investment Management LLC increased its stake in shares of Lam Research by 10.1% during the first quarter. GW&K Investment Management LLC now owns 1,534 shares of the semiconductor company's stock valued at $112,000 after buying an additional 141 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in shares of Lam Research by 1.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 12,498 shares of the semiconductor company's stock valued at $909,000 after buying an additional 146 shares during the period. Finally, Fiduciary Financial Group LLC increased its stake in shares of Lam Research by 3.8% during the second quarter. Fiduciary Financial Group LLC now owns 4,073 shares of the semiconductor company's stock valued at $394,000 after buying an additional 150 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Down 0.2%

Lam Research stock opened at $131.93 on Wednesday. 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 Corporation has a 52 week low of $56.32 and a 52 week high of $133.57. The company has a market capitalization of $166.37 billion, a price-to-earnings ratio of 31.71, a price-to-earnings-growth ratio of 1.69 and a beta of 1.76. The stock has a 50-day moving average price of $104.62 and a 200 day moving average price of $89.08.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its 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 the consensus estimate of $4.99 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company'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 EPS for the current year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend payout ratio is presently 25.00%.

Analysts Set New Price Targets

Several brokerages have recently commented on LRCX. Raymond James Financial raised their price target on Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Wall Street Zen lowered Lam Research from a "buy" rating to a "hold" rating in a research note on Saturday. Summit Insights lowered Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Citigroup raised their price target on Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Finally, The Goldman Sachs Group assumed coverage on Lam Research in a research note on Thursday, July 10th. They set a "buy" rating and a $115.00 price target on the stock. Twenty research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Lam Research presently has an average rating of "Moderate Buy" and an average target price of $109.39.

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.

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