111 Capital Buys 6,244 Shares of Lam Research Corporation $LRCX

111 Capital increased its stake in Lam Research Corporation (NASDAQ:LRCX) by 59.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,828 shares of the semiconductor company’s stock after purchasing an additional 6,244 shares during the quarter. 111 Capital’s holdings in Lam Research were worth $1,638,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Lam Research by 6.9% in the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock valued at $9,389,358,000 after acquiring an additional 8,364,375 shares during the period. Invesco Ltd. increased its position in shares of Lam Research by 2.8% during the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company’s stock valued at $1,259,947,000 after purchasing an additional 472,636 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Lam Research by 25.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company’s stock worth $693,319,000 after purchasing an additional 1,953,221 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lam Research by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company’s stock worth $647,067,000 after buying an additional 418,077 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Lam Research during the first quarter valued at approximately $604,344,000. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Performance

NASDAQ LRCX opened at $145.81 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $147.91. The business has a 50 day simple moving average of $110.47 and a two-hundred day simple moving average of $92.27. The stock has a market capitalization of $183.87 billion, a PE ratio of 35.05, a P/E/G ratio of 1.79 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the prior year, the firm earned $1.03 EPS. The company’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. On average, research analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced 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 is a boost from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Lam Research’s payout ratio is presently 25.00%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LRCX shares. Erste Group Bank initiated coverage on shares of Lam Research in a research report on Thursday, August 14th. They issued a “buy” rating on the stock. Raymond James Financial lifted their target price on Lam Research from $90.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. The Goldman Sachs Group started coverage on Lam Research in a research report on Thursday, July 10th. They issued a “buy” rating and a $115.00 price target for the company. B. Riley lifted their price objective on Lam Research from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Finally, Mizuho boosted their price objective on Lam Research from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $119.20.

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.