Lam Research Corporation $LRCX Shares Bought by Guinness Asset Management LTD

Guinness Asset Management LTD boosted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 5.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 507,622 shares of the semiconductor company’s stock after acquiring an additional 25,466 shares during the quarter. Guinness Asset Management LTD’s holdings in Lam Research were worth $36,903,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LRCX. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Lam Research in the 1st quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at approximately $27,000. Park Square Financial Group LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at approximately $31,000. Putney Financial Group LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at approximately $36,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Lam Research in the 1st quarter valued at approximately $36,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Performance

NASDAQ LRCX opened at $115.58 on Friday. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $115.90. The company has a market capitalization of $146.28 billion, a P/E ratio of 27.78, a PEG ratio of 1.38 and a beta of 1.76. The business has a 50 day moving average price of $100.71 and a 200 day moving average price of $86.43. 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 (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.Lam Research’s revenue was up 33.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a dividend of $0.26 per share. 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. This represents a $1.04 annualized dividend and a yield of 0.9%. Lam Research’s dividend payout ratio (DPR) is 25.00%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. TD Cowen raised their price target on Lam Research from $100.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Wall Street Zen raised Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Oppenheimer raised their price target on Lam Research from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. UBS Group raised their price objective on Lam Research from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Finally, Erste Group Bank began coverage on Lam Research in a research note on Thursday, August 14th. They issued a “buy” rating for the company. Twenty investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.52.

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.