Arvest Investments Inc. Cuts Stock Position in Lam Research Corporation $LRCX

Key Points

• Arvest Investments Inc. reduced its position in Lam Research Corporation by 28.1% in Q2, selling 4,776 shares and ending up with 12,242 shares valued at approximately $1.19 million.
• Multiple institutional investors, including UBS AM and Vanguard Group Inc., significantly increased their stakes in Lam Research, contributing to a total of 84.61% of the stock being held by hedge funds.
• Lam Research reported earnings of $1.33 per share for the last quarter, exceeding estimates, and announced an increase in its quarterly dividend from $0.23 to $0.26.

Arvest Investments Inc. reduced its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 28.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,242 shares of the semiconductor company's stock after selling 4,776 shares during the quarter. Arvest Investments Inc.'s holdings in Lam Research were worth $1,192,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LRCX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Lam Research by 6,383.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company's stock worth $980,500,000 after purchasing an additional 13,365,317 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Lam Research by 6.9% during the 1st 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. Nuveen LLC purchased a new stake in Lam Research during the 1st quarter valued at about $604,344,000. Two Sigma Advisers LP boosted its holdings in Lam Research by 1,036.4% during the 4th quarter. Two Sigma Advisers LP now owns 3,885,300 shares of the semiconductor company's stock valued at $280,635,000 after acquiring an additional 3,543,400 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Lam Research by 99.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company's stock valued at $417,242,000 after acquiring an additional 2,864,863 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. B. Riley restated a "buy" rating and set a $115.00 target price (up from $95.00) on shares of Lam Research in a report on Wednesday, June 18th. Wall Street Zen upgraded Lam Research from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Citigroup increased their target price on Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a report on Monday, September 8th. KeyCorp increased their target price on Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, The Goldman Sachs Group assumed coverage on Lam Research in a report on Thursday, July 10th. They set a "buy" rating and a $115.00 target price for the company. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $107.96.

Lam Research Trading Up 1.2%

NASDAQ LRCX opened at $116.96 on Friday. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $117.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The stock has a 50 day simple moving average of $101.07 and a two-hundred day simple moving average of $86.72. The stock has a market cap of $148.03 billion, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 1.49 and a beta of 1.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results 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 firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The business'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. On average, analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is currently 22.12%.

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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