IFP Advisors Inc Sells 15,385 Shares of Lam Research Corporation $LRCX

IFP Advisors Inc lessened its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 34.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,436 shares of the semiconductor company's stock after selling 15,385 shares during the quarter. IFP Advisors Inc's holdings in Lam Research were worth $2,911,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LRCX. Vanguard Group Inc. raised its stake in shares of Lam Research by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after acquiring an additional 8,364,375 shares in the last quarter. Nuveen LLC bought a new position in shares of Lam Research during the 1st quarter worth approximately $604,344,000. Price T Rowe Associates Inc. MD raised its stake in shares of Lam Research by 99.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company's stock worth $417,242,000 after acquiring an additional 2,864,863 shares in the last quarter. Boston Partners raised its stake in shares of Lam Research by 9,978.3% during the 1st quarter. Boston Partners now owns 2,350,362 shares of the semiconductor company's stock worth $170,787,000 after acquiring an additional 2,327,041 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Lam Research by 25.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock worth $693,319,000 after acquiring an additional 1,953,221 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on LRCX shares. Argus boosted their price objective on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Cantor Fitzgerald upped their price target on shares of Lam Research from $120.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, October 1st. Morgan Stanley set a $125.00 price target on shares of Lam Research and gave the company an "equal weight" rating in a research note on Monday, September 22nd. Rothschild & Co Redburn upped their price target on shares of Lam Research from $115.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, October 1st. Finally, Summit Insights lowered shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Twenty-three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and an average target price of $121.00.

Lam Research Stock Down 6.8%

LRCX stock opened at $131.37 on Friday. The firm's fifty day simple moving average is $114.80 and its 200-day simple moving average is $94.46. The company has a market capitalization of $165.66 billion, a P/E ratio of 31.58, a price-to-earnings-growth ratio of 1.72 and a beta of 1.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $153.70.

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. 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%. The business's revenue for the quarter was up 33.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently disclosed 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 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 annualized dividend and a dividend yield of 0.8%. Lam Research's payout ratio is currently 25.00%.

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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