Atria Wealth Solutions Inc. Sells 33,104 Shares of Lam Research Corporation $LRCX

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Lam Research Corporation by 42.3%, selling 33,104 shares, leaving them with 45,077 shares valued at approximately $4.4 million.
• Lam Research's quarterly earnings exceeded analyst expectations, reporting $1.33 EPS and $5.17 billion in revenue for the last quarter, reflecting a significant 33.6% increase in revenue year-over-year.
• The company declared an increased quarterly dividend of $0.26 per share, up from $0.23, reflecting a commitment to return value to shareholders.

Atria Wealth Solutions Inc. lessened its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 42.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,077 shares of the semiconductor company's stock after selling 33,104 shares during the period. Atria Wealth Solutions Inc.'s holdings in Lam Research were worth $4,403,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC acquired a new position in shares of Lam Research in the first quarter valued at approximately $26,000. REAP Financial Group LLC acquired a new position in shares of Lam Research in the second quarter valued at approximately $31,000. 1 North Wealth Services LLC acquired a new position in shares of Lam Research in the first quarter valued at approximately $36,000. Rossby Financial LCC acquired a new position in shares of Lam Research in the first quarter valued at approximately $37,000. Finally, Saudi Central Bank acquired a new position in shares of Lam Research in the first quarter valued at approximately $37,000. Institutional investors own 84.61% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on LRCX. Morgan Stanley set a $125.00 price target on shares of Lam Research and gave the company an "equal weight" rating in a report on Monday, September 22nd. Oppenheimer upped their price target on shares of Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Erste Group Bank assumed coverage on shares of Lam Research in a report on Thursday, August 14th. They issued a "buy" rating for the company. Hsbc Global Res upgraded shares of Lam Research to a "hold" rating in a report on Tuesday, September 30th. Finally, Argus increased their target price on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Twenty-three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.00.

Lam Research Stock Performance

Shares of LRCX opened at $137.81 on Tuesday. The stock has a market capitalization of $173.78 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 1.60 and a beta of 1.84. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $115.59 and a 200 day simple moving average of $95.18. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $153.70.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be paid a $0.26 dividend. This is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio is 25.00%.

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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