CFM Wealth Partners LLC Sells 2,324 Shares of Lam Research Corporation $LRCX

Key Points

• CFM Wealth Partners LLC reduced its stake in Lam Research Corporation by 40.4%, selling 2,324 shares to hold a total of 3,426 shares valued at approximately $333,000.
• Institutional investors make up 84.61% of Lam Research's stock ownership, with notable increases in holdings from Vanguard Group, Invesco, and Goldman Sachs during the last quarter.
• Lam Research has reported a quarterly earnings per share (EPS) of $1.33, surpassing estimates, and increased its quarterly dividend from $0.23 to $0.26, signifying a solid financial performance.

CFM Wealth Partners LLC cut its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 40.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,426 shares of the semiconductor company's stock after selling 2,324 shares during the period. CFM Wealth Partners LLC's holdings in Lam Research were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position 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 valued at $9,389,358,000 after purchasing an additional 8,364,375 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Lam Research by 2.8% in the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock worth $1,259,947,000 after acquiring an additional 472,636 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Lam Research by 25.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock worth $693,319,000 after purchasing an additional 1,953,221 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Lam Research by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company's stock worth $647,067,000 after purchasing an additional 418,077 shares during the period. Finally, Nuveen LLC bought a new position in Lam Research during the 1st quarter valued at about $604,344,000. 84.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on LRCX. KeyCorp boosted their target price on Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Morgan Stanley set a $125.00 price target on Lam Research and gave the stock an "equal weight" rating in a research note on Monday, September 22nd. Stifel Nicolaus boosted their price objective on Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Erste Group Bank initiated coverage on Lam Research in a research note on Thursday, August 14th. They issued a "buy" rating on the stock. Finally, Rothschild & Co Redburn boosted their target price on shares of Lam Research from $115.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, October 1st. Twenty-three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.20.

Lam Research Stock Up 2.3%

NASDAQ:LRCX opened at $149.15 on Tuesday. The company's 50-day simple moving average is $111.48 and its 200-day simple moving average is $92.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $153.70. The stock has a market capitalization of $188.08 billion, a P/E ratio of 35.85, a P/E/G ratio of 1.78 and a beta of 1.84.

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, beating the consensus estimate of $1.21 by $0.12. The firm 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%.The business's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, September 24th. 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 dividend yield of 0.7%. Lam Research's dividend payout ratio (DPR) is currently 25.00%.

Lam Research Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.