Benchmark Investment Advisors LLC Cuts Holdings in Lam Research Corporation $LRCX

Key Points

• Benchmark Investment Advisors LLC decreased its stake in Lam Research Corporation by 46.9%, reducing holdings to 9,426 shares valued at approximately $685,000.
• Despite Benchmark's cut, major institutional investors like Ameriprise and UBS AM drastically increased their holdings in Lam Research during the last quarter, indicating strong interest in this semiconductor company.
• Lam Research recently reported stronger-than-expected earnings for the second quarter, with $1.33 EPS against an estimate of $1.21, and has increased its quarterly dividend from $0.23 to $0.26 per share.

Benchmark Investment Advisors LLC trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 46.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,426 shares of the semiconductor company's stock after selling 8,330 shares during the period. Benchmark Investment Advisors LLC's holdings in Lam Research were worth $685,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LRCX. Ameriprise Financial Inc. raised its stake in shares of Lam Research by 950.5% during the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock worth $2,495,128,000 after buying an additional 31,255,726 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Lam Research by 6,383.5% during 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 buying an additional 13,365,317 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Lam Research during the 4th quarter worth approximately $792,161,000. Vanguard Group Inc. raised its stake in shares of Lam Research by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after buying an additional 8,364,375 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Lam Research during the 1st quarter worth approximately $604,344,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Performance

NASDAQ LRCX opened at $100.15 on Friday. 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 business has a 50 day moving average price of $99.45 and a 200 day moving average price of $85.27. The company has a market capitalization of $126.75 billion, a P/E ratio of 24.07, a PEG ratio of 1.34 and a beta of 1.65. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $108.02.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts expect 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. Shareholders of record on Wednesday, September 24th will be given a dividend of $0.26 per share. 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. This represents a $1.04 annualized dividend and a yield of 1.0%. Lam Research's dividend payout ratio (DPR) is 22.12%.

Analyst Ratings Changes

LRCX has been the subject of a number of analyst reports. Cantor Fitzgerald increased their target price on Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. The Goldman Sachs Group initiated coverage on Lam Research in a research note on Thursday, July 10th. They issued a "buy" rating and a $115.00 price objective for the company. Argus raised their price objective on Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Summit Insights downgraded Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company set a $98.00 price objective on Lam Research and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $107.30.

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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