Banque Pictet & Cie SA Decreases Stock Position in Lam Research Corporation $LRCX

Key Points

• Banque Pictet & Cie SA reduced its stake in Lam Research Corporation by 7.4%, now holding 182,486 shares valued at approximately $17.76 million.
• Lam Research reported a Q2 EPS of $1.33, exceeding analysts' expectations of $1.21, with revenue reaching $5.17 billion.
• The company declared a quarterly dividend of $0.26, marking an increase from the previous $0.23, with a current dividend yield of 0.8%.

Banque Pictet & Cie SA cut its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,486 shares of the semiconductor company's stock after selling 14,572 shares during the quarter. Banque Pictet & Cie SA's holdings in Lam Research were worth $17,763,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of Lam Research in the fourth quarter valued at approximately $31,000. Centaurus Financial Inc. purchased a new stake in shares of Lam Research during the 4th quarter valued at approximately $366,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Lam Research by 1,399.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 263,368 shares of the semiconductor company's stock worth $19,023,000 after buying an additional 245,809 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Lam Research by 40.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 5,736 shares of the semiconductor company's stock valued at $417,000 after buying an additional 1,638 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

NASDAQ:LRCX opened at $128.13 on Friday. The stock has a market cap of $161.58 billion, a P/E ratio of 30.80, a PEG ratio of 1.62 and a beta of 1.76. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The business's 50-day moving average price is $105.73 and its two-hundred day moving average price is $89.73. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $133.57.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS 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 analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities analysts predict 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. Stockholders of record on Wednesday, September 24th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. 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. Lam Research's payout ratio is currently 25.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. UBS Group increased their target price on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. KeyCorp increased their price objective on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Cantor Fitzgerald lifted their target price on Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Oppenheimer upped their price target on Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, TD Cowen raised their price objective on shares of Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $111.35.

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.

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