E. Ohman J or Asset Management AB Sells 2,693 Shares of Lam Research Corporation $LRCX

E. Ohman J or Asset Management AB cut its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,757 shares of the semiconductor company's stock after selling 2,693 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Lam Research were worth $5,233,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Pinnacle Financial Partners Inc acquired a new stake in Lam Research in the 1st quarter valued at about $201,000. Empowered Funds LLC increased its holdings in shares of Lam Research by 10.5% in the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock valued at $13,629,000 after purchasing an additional 17,833 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in shares of Lam Research in the first quarter valued at approximately $607,000. B. Riley Wealth Advisors Inc. bought a new position in Lam Research in the 4th quarter worth approximately $6,296,000. Finally, China Universal Asset Management Co. Ltd. lifted its holdings 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 buying an additional 10,565 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Price Performance

Lam Research stock opened at $116.96 on Monday. 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 firm has a market capitalization of $148.03 billion, a P/E ratio of 28.12, a PEG ratio of 1.50 and a beta of 1.76. The business has a 50-day moving average of $101.07 and a 200-day moving average of $86.80. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $117.50.

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 for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. The business had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. Lam Research's revenue for the quarter was up 33.6% on a year-over-year basis. During the same period last year, the company 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 EPS for the current year.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a $0.26 dividend. 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 annualized dividend and a dividend yield of 0.9%. Lam Research's dividend payout ratio (DPR) is presently 25.00%.

Analyst Ratings Changes

Several equities research analysts have recently commented on LRCX shares. Erste Group Bank assumed coverage on Lam Research in a research note on Thursday, August 14th. They issued a "buy" rating for the company. Raymond James Financial raised their price target on Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Mizuho boosted their price objective on Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday. Wells Fargo & Company set a $98.00 target price on shares of Lam Research and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Finally, Argus lifted their price target on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and an average price target of $107.96.

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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