Guggenheim Capital LLC Reduces Position in Lam Research Corporation $LRCX

Key Points

• Guggenheim Capital LLC has reduced its stake in Lam Research Corporation by 6.3%, selling 53,709 shares and now owning approximately 800,391 shares valued at $58.2 million.
• In the 4th quarter, various institutional investors dramatically increased their holdings in Lam Research, with some like Brighton Jones LLC and Quarry LP raising stakes by over 1,000%.
• Lam Research has recently posted earnings surpassing expectations, with a reported $1.33 EPS compared to a consensus estimate of $1.21, and anticipates an EPS guidance of 1.100-1.300 for Q1 2026.

Guggenheim Capital LLC lowered its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 6.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 800,391 shares of the semiconductor company's stock after selling 53,709 shares during the period. Guggenheim Capital LLC owned approximately 0.06% of Lam Research worth $58,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Ieq Capital LLC grew its holdings in shares of Lam Research by 20.9% in the 1st quarter. Ieq Capital LLC now owns 185,239 shares of the semiconductor company's stock worth $13,467,000 after acquiring an additional 32,051 shares during the period. Epoch Investment Partners Inc. lifted its stake in Lam Research by 8.2% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,874,533 shares of the semiconductor company's stock valued at $136,279,000 after buying an additional 142,402 shares in the last quarter. Ceredex Value Advisors LLC lifted its stake in Lam Research by 62.5% in the 1st quarter. Ceredex Value Advisors LLC now owns 913,616 shares of the semiconductor company's stock valued at $66,420,000 after buying an additional 351,440 shares in the last quarter. WCG Wealth Advisors LLC purchased a new stake in Lam Research in the 1st quarter valued at approximately $1,490,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in Lam Research by 721.7% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 994,716 shares of the semiconductor company's stock valued at $72,316,000 after buying an additional 873,656 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Stock Down 3.8%

NASDAQ:LRCX traded down $3.94 during mid-day trading on Friday, hitting $100.15. The company had a trading volume of 12,177,963 shares, compared to its average volume of 11,487,494. The business has a fifty day simple moving average of $99.45 and a 200-day simple moving average of $85.27. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $108.02. The firm has a market capitalization of $126.75 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 1.34 and a beta of 1.65.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period last year, the company posted $1.03 earnings per share. The firm's 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. Equities analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.0%. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend payout ratio is 22.12%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. B. Riley reaffirmed a "buy" rating and issued a $115.00 target price (up previously from $95.00) on shares of Lam Research in a research note on Wednesday, June 18th. Wells Fargo & Company set a $98.00 target price on Lam Research and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Cantor Fitzgerald upped their target price on Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Oppenheimer upped their target price on Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, TD Cowen upped their target price on Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and an average price target of $107.30.

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.