HMV Wealth Advisors LLC Sells 4,888 Shares of Lam Research Corporation $LRCX

Key Points

• HMV Wealth Advisors LLC has reduced its stake in Lam Research Corporation by 43.3%, selling 4,888 shares and now holding 6,394 shares valued at approximately $622,000.
• Lam Research announced a quarterly dividend increase, now paying $0.26 per share, up from $0.23, with a payout ratio of 25% and a dividend yield of 0.7%.
• The company's recent earnings report showed a significant year-over-year revenue growth of 33.6%, beating estimates with a reported $5.17 billion in revenue and $1.33 EPS exceeded expectations by $0.12.

HMV Wealth Advisors LLC decreased its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 43.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,394 shares of the semiconductor company's stock after selling 4,888 shares during the period. HMV Wealth Advisors LLC's holdings in Lam Research were worth $622,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LRCX. Brighton Jones LLC boosted its stake 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 valued at $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Sivia Capital Partners LLC boosted its position in shares of Lam Research by 23.8% during the first quarter. Sivia Capital Partners LLC now owns 3,692 shares of the semiconductor company's stock valued at $268,000 after buying an additional 710 shares during the last quarter. Wedmont Private Capital increased its holdings in Lam Research by 15.8% in the 1st quarter. Wedmont Private Capital now owns 17,362 shares of the semiconductor company's stock worth $1,172,000 after buying an additional 2,367 shares in the last quarter. UMB Bank n.a. bought a new stake in Lam Research in the 1st quarter worth about $357,000. Finally, Park Avenue Securities LLC raised its position in Lam Research by 5.8% in the 1st quarter. Park Avenue Securities LLC now owns 56,015 shares of the semiconductor company's stock worth $4,072,000 after buying an additional 3,085 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 2.3%

Shares of Lam Research stock opened at $149.15 on Tuesday. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $153.70. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The company has a market capitalization of $188.08 billion, a P/E ratio of 35.85, a P/E/G ratio of 1.78 and a beta of 1.84. The company has a fifty day moving average of $111.48 and a 200 day moving average of $92.99.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced 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. The business had revenue of $5.17 billion for 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 business's revenue was up 33.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts anticipate 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 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 yield of 0.7%. Lam Research's payout ratio is 25.00%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on LRCX shares. Oppenheimer lifted their price target on shares of Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Morgan Stanley set a $125.00 target price on shares of Lam Research and gave the stock an "equal weight" rating in a research report on Monday, September 22nd. HSBC set a $127.00 price target on Lam Research and gave the company a "hold" rating in a report on Tuesday, September 30th. Citigroup upped their price objective on Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Finally, Wall Street Zen raised Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday. Twenty-three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and an average price target of $119.20.

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.

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