Clear Creek Financial Management LLC Cuts Stake in Lam Research Corporation $LRCX

Clear Creek Financial Management LLC reduced its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 43.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,375 shares of the semiconductor company's stock after selling 5,649 shares during the period. Clear Creek Financial Management LLC's holdings in Lam Research were worth $718,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Empowered Funds LLC lifted its holdings in shares of Lam Research by 10.5% during the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock worth $13,629,000 after acquiring an additional 17,833 shares during the period. Pinnacle Financial Partners Inc acquired a new stake in Lam Research during the 1st quarter worth approximately $201,000. Cookson Peirce & Co. Inc. acquired a new stake in Lam Research during the 1st quarter worth approximately $607,000. China Universal Asset Management Co. Ltd. increased its position in Lam Research by 27.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock worth $3,607,000 after purchasing an additional 10,565 shares in the last quarter. Finally, Glass Wealth Management Co LLC increased its position in Lam Research by 8.5% during the 2nd quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company's stock worth $2,810,000 after purchasing an additional 2,270 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LRCX has been the subject of a number of research analyst reports. Citigroup increased their target price on shares of Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. The Goldman Sachs Group increased their target price on shares of Lam Research from $115.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday. UBS Group increased their target price on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Stifel Nicolaus increased their target price on shares of Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Finally, KeyCorp increased their price objective on shares of Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Twenty-three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Lam Research presently has an average rating of "Moderate Buy" and an average target price of $121.00.

Lam Research Stock Down 6.8%

LRCX stock opened at $131.37 on Friday. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $153.70. 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 company has a market capitalization of $165.66 billion, a P/E ratio of 31.58, a PEG ratio of 1.72 and a beta of 1.84. The firm has a 50 day simple moving average of $114.80 and a 200-day simple moving average of $94.46.

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 analysts' consensus estimates of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the company earned $1.03 earnings per share. The business's quarterly revenue 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. On average, equities research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) 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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