Convergence Investment Partners LLC Has $2.70 Million Position in Lam Research Corporation $LRCX

Convergence Investment Partners LLC boosted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 35.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,704 shares of the semiconductor company’s stock after acquiring an additional 7,282 shares during the quarter. Convergence Investment Partners LLC’s holdings in Lam Research were worth $2,697,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC acquired a new position in Lam Research during the first quarter worth $26,000. IMG Wealth Management Inc. acquired a new position in Lam Research during the second quarter worth $26,000. REAP Financial Group LLC acquired a new position in Lam Research during the second quarter worth $31,000. 1 North Wealth Services LLC acquired a new position in Lam Research during the first quarter worth $36,000. Finally, Rossby Financial LCC acquired a new position in Lam Research during the first quarter worth $37,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Price Performance

Shares of LRCX stock opened at $151.68 on Monday. The stock has a 50-day moving average price of $123.23 and a 200 day moving average price of $100.07. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The firm has a market cap of $191.27 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 1.66 and a beta of 1.84. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $153.70.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter last year, the business earned $0.86 earnings per share. The company’s revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Research analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. This is an increase from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, September 24th. Lam Research’s dividend payout ratio (DPR) is 22.91%.

Insider Transactions at Lam Research

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the firm’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LRCX shares. Stifel Nicolaus set a $160.00 target price on Lam Research and gave the company a “buy” rating in a research note on Thursday. Berenberg Bank raised their target price on Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday. Mizuho raised their target price on Lam Research from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday. Summit Insights lowered Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded Lam Research from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.57.

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.