DRW Securities LLC Reduces Stake in Lam Research Corporation $LRCX

Key Points

• DRW Securities LLC reduced its stake in Lam Research Corporation by 78.1% in the first quarter, holding 3,917 shares valued at $285,000 at the end of the reporting period.
• Institutional investors own 84.61% of Lam Research stock, with UBS AM notably increasing its position by 6,383.5% during the last quarter.
• Lam Research reported a 33.6% increase in revenue year-over-year, achieving $5.17 billion for the recent quarter, and had strong analyst ratings with a target price averaging $107.30.

DRW Securities LLC reduced its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 78.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,917 shares of the semiconductor company's stock after selling 13,978 shares during the quarter. DRW Securities LLC's holdings in Lam Research were worth $285,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC boosted its position in shares of Lam Research by 1,032.4% in the 4th 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 period. Aptus Capital Advisors LLC boosted its position in shares of Lam Research by 2,261.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 38,370 shares of the semiconductor company's stock valued at $2,778,000 after purchasing an additional 36,745 shares during the period. Ancora Advisors LLC boosted its position in shares of Lam Research by 1,396.0% in the 4th quarter. Ancora Advisors LLC now owns 4,159 shares of the semiconductor company's stock valued at $300,000 after purchasing an additional 3,881 shares during the period. Algert Global LLC boosted its position in shares of Lam Research by 373.9% in the 4th quarter. Algert Global LLC now owns 3,289 shares of the semiconductor company's stock valued at $238,000 after purchasing an additional 2,595 shares during the period. Finally, BNP Paribas boosted its position in shares of Lam Research by 313.1% in the 4th quarter. BNP Paribas now owns 6,585 shares of the semiconductor company's stock valued at $476,000 after purchasing an additional 4,991 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LRCX shares. Stifel Nicolaus upped their target price on Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Summit Insights cut Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Wells Fargo & Company set a $98.00 target price on Lam Research and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Oppenheimer increased their price objective on Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Citigroup increased their price objective on Lam Research from $108.00 to $113.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $107.22.

Lam Research Stock Performance

Lam Research stock traded up $2.53 during mid-day trading on Friday, reaching $102.95. 8,138,513 shares of the company were exchanged, compared to its average volume of 10,784,377. The firm has a market cap of $130.30 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 1.29 and a beta of 1.76. The firm's 50-day simple moving average is $99.87 and its two-hundred day simple moving average is $85.83. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $108.02. 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 (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. The business 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%.The company's revenue for the quarter was up 33.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. This is a positive change from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. Lam Research's dividend payout ratio (DPR) is currently 22.12%.

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.