Aberdeen Group plc Has $98.73 Million Position in Lam Research Corporation $LRCX

Aberdeen Group plc grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 6.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,013,051 shares of the semiconductor company’s stock after buying an additional 60,582 shares during the period. Aberdeen Group plc’s holdings in Lam Research were worth $98,727,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Empowered Funds LLC raised its position in Lam Research by 10.5% in the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after purchasing an additional 17,833 shares in the last quarter. Pinnacle Financial Partners Inc acquired a new position in Lam Research in the first quarter worth about $201,000. Cookson Peirce & Co. Inc. acquired a new position in Lam Research in the first quarter worth about $607,000. China Universal Asset Management Co. Ltd. raised its position in Lam Research by 27.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company’s stock worth $3,607,000 after purchasing an additional 10,565 shares in the last quarter. Finally, Glass Wealth Management Co LLC raised its position in Lam Research by 8.5% in the second quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock worth $2,810,000 after purchasing an additional 2,270 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on LRCX shares. Erste Group Bank started coverage on shares of Lam Research in a research report on Thursday, August 14th. They issued a “buy” rating for the company. Mizuho increased their price target on shares of Lam Research from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Oppenheimer increased their price target on shares of Lam Research from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. TD Cowen upped their price objective on shares of Lam Research from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, B. Riley upped their price objective on shares of Lam Research from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

Lam Research Price Performance

LRCX opened at $131.37 on Friday. Lam Research Corporation has a one year low of $56.32 and a one year high of $153.70. 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 company’s 50 day simple moving average is $114.80 and its 200-day simple moving average is $94.46. The stock has a market capitalization of $165.66 billion, a P/E ratio of 31.58, a price-to-earnings-growth ratio of 1.72 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. 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 earnings per share. Lam Research’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 earnings per share 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. Stockholders of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. This is an increase from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research’s payout ratio is currently 25.00%.

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.