Lam Research Corporation $LRCX Shares Sold by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC reduced its stake in Lam Research Corporation by 7.7%, now holding 27,152 shares worth approximately $2.64 million.
• A significant number of institutional investors increased their stakes in Lam Research, with Vanguard Group purchasing an additional 8.36 million shares, bringing its total ownership to over $9.39 billion.
• Lam Research's stock has received a majority of favorable analyst ratings, with 20 analysts rating it as a "Buy," and the company's latest earnings report showed a notable revenue increase of 33.6% year-over-year.

GAMMA Investing LLC lowered its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 7.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,152 shares of the semiconductor company's stock after selling 2,256 shares during the period. GAMMA Investing LLC's holdings in Lam Research were worth $2,643,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in LRCX. Brighton Jones LLC raised its holdings in 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 during the last quarter. Waverly Advisors LLC grew its holdings in Lam Research by 1,190.6% during the fourth quarter. Waverly Advisors LLC now owns 7,253 shares of the semiconductor company's stock valued at $524,000 after purchasing an additional 6,691 shares during the period. Toronto Dominion Bank lifted its position in shares of Lam Research by 612.6% during the fourth quarter. Toronto Dominion Bank now owns 510,174 shares of the semiconductor company's stock worth $36,849,000 after acquiring an additional 438,576 shares in the last quarter. Forum Financial Management LP boosted its stake in Lam Research by 1,658.8% during the fourth quarter. Forum Financial Management LP now owns 5,417 shares of the semiconductor company's stock valued at $391,000 after buying an additional 5,109 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of Lam Research by 932.6% in the 4th quarter. Mackenzie Financial Corp now owns 2,347,536 shares of the semiconductor company's stock worth $169,563,000 after purchasing an additional 2,120,197 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Morgan Stanley set a $125.00 price target on Lam Research and gave the stock an "equal weight" rating in a research note on Monday. KeyCorp raised their price target on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Raymond James Financial lifted their price target on Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. B. Riley reiterated a "buy" rating and set a $115.00 price objective (up from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. Finally, The Goldman Sachs Group started coverage on shares of Lam Research in a research report on Thursday, July 10th. They issued a "buy" rating and a $115.00 price target for the company. Twenty analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $109.39.

Lam Research Stock Performance

Shares of LRCX stock traded up $5.28 during trading on Monday, hitting $132.20. The company's stock had a trading volume of 13,385,530 shares, compared to its average volume of 10,712,953. 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 cap of $166.71 billion, a PE ratio of 31.78, a P/E/G ratio of 1.63 and a beta of 1.76. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $132.63. The business has a fifty day moving average of $104.01 and a 200-day moving average of $88.78.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.During the same quarter in the previous year, the firm earned $1.03 earnings per share. Lam Research's revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio (DPR) is currently 22.12%.

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.