Foster Victor Wealth Advisors LLC Sells 26,417 Shares of Lam Research Corporation $LRCX

Key Points

• Foster Victor Wealth Advisors LLC reduced its stake in Lam Research by 10.2% during the second quarter, selling 26,417 shares and holding 233,152 shares worth $23.27 million, making it the fund's 10th largest position.
• Lam Research reported an EPS of $1.33 for the quarter, exceeding estimates of $1.21, with a significant revenue increase of 33.6% year-over-year, totaling $5.17 billion.
• The company announced a quarterly dividend increase from $0.23 to $0.26 per share, representing a 0.8% dividend yield, with upcoming payments scheduled for October 15th.

Foster Victor Wealth Advisors LLC trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 10.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 233,152 shares of the semiconductor company's stock after selling 26,417 shares during the period. Lam Research comprises 1.6% of Foster Victor Wealth Advisors LLC's holdings, making the stock its 10th largest position. Foster Victor Wealth Advisors LLC's holdings in Lam Research were worth $23,271,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LRCX. Brighton Jones LLC raised its stake in shares of Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after purchasing an additional 12,936 shares in the last quarter. Toronto Dominion Bank grew its stake in Lam Research by 612.6% in the 4th quarter. Toronto Dominion Bank now owns 510,174 shares of the semiconductor company's stock valued at $36,849,000 after buying an additional 438,576 shares during the last quarter. Forum Financial Management LP raised its holdings in Lam Research by 1,658.8% in the 4th quarter. Forum Financial Management LP now owns 5,417 shares of the semiconductor company's stock valued at $391,000 after acquiring an additional 5,109 shares during the period. Integrated Advisors Network LLC lifted its position in Lam Research by 81.3% during the fourth quarter. Integrated Advisors Network LLC now owns 11,932 shares of the semiconductor company's stock worth $862,000 after acquiring an additional 5,350 shares during the last quarter. Finally, Carolinas Wealth Consulting LLC bought a new stake in shares of Lam Research during the fourth quarter worth approximately $79,000. Institutional investors own 84.61% of the company's stock.

Lam Research Trading Down 0.2%

Shares of Lam Research stock opened at $131.93 on Wednesday. The firm's 50-day moving average price is $104.62 and its two-hundred day moving average price is $89.08. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $133.57. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $166.37 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 1.69 and a beta of 1.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the business posted $1.03 EPS. The firm's revenue for the quarter was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm 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 dividend of $0.26 per share. This is an increase 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 0.8%. Lam Research's payout ratio is presently 25.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus increased their target price on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. UBS Group increased their price objective on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Mizuho lifted their target price on Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Oppenheimer upped their price target on shares of Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, The Goldman Sachs Group began coverage on shares of Lam Research in a research report on Thursday, July 10th. They set a "buy" rating and a $115.00 price target on the stock. Twenty analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $109.39.

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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