Chevy Chase Trust Holdings LLC Increases Position in Lam Research Corporation $LRCX

Key Points

• Chevy Chase Trust Holdings LLC increased its stake in Lam Research Corporation by 0.4% during the second quarter, owning 684,215 shares valued at $66.6 million.
• Institutional investors collectively own 84.61% of Lam Research's stock, with significant increases in stakes from firms like Vanguard Group and Invesco.
• Lam Research recently declared a quarterly dividend of $0.26, raising it from the previous dividend of $0.23, reflecting an annual yield of 0.7%.

Chevy Chase Trust Holdings LLC grew its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 0.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 684,215 shares of the semiconductor company's stock after buying an additional 2,509 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Lam Research worth $66,601,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Lam Research by 6.9% during the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after acquiring an additional 8,364,375 shares during the period. Invesco Ltd. increased its stake in shares of Lam Research by 2.8% during the first 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 period. Nordea Investment Management AB increased its stake in shares of Lam Research by 34.1% during the second quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company's stock worth $1,029,210,000 after acquiring an additional 2,692,189 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Lam Research by 25.8% during the first quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock worth $693,319,000 after acquiring an additional 1,953,221 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Lam Research by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company's stock worth $647,067,000 after acquiring an additional 418,077 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the company's stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the sale, the senior vice president owned 251,047 shares of the company's stock, valued at $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a research note on Saturday, October 4th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Lam Research in a research note on Wednesday, October 8th. HSBC set a $127.00 target price on shares of Lam Research and gave the stock a "hold" rating in a research report on Tuesday, September 30th. Mizuho set a $162.00 target price on shares of Lam Research and gave the stock an "outperform" rating in a research report on Thursday. Finally, Rothschild & Co Redburn upped their target price on shares of Lam Research from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday. Twenty-three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.08.

Lam Research Stock Down 1.7%

Shares of NASDAQ LRCX opened at $142.37 on Friday. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $153.70. The company has a market capitalization of $179.53 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 1.76 and a beta of 1.84. 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 firm's 50-day moving average is $118.26 and its two-hundred day moving average is $96.30.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The company's revenue for the quarter 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. Equities analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, September 24th. Lam Research's payout ratio 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.

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