Intech Investment Management LLC Decreases Holdings in Lam Research Corporation $LRCX

Intech Investment Management LLC cut its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 73.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,667 shares of the semiconductor company's stock after selling 100,071 shares during the period. Intech Investment Management LLC's holdings in Lam Research were worth $2,593,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC purchased a new stake in Lam Research in the 1st quarter worth $26,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Lam Research during the 4th quarter valued at about $27,000. Park Square Financial Group LLC purchased a new stake in shares of Lam Research during the 4th quarter valued at about $31,000. Putney Financial Group LLC purchased a new stake in shares of Lam Research during the 4th quarter valued at about $36,000. Finally, 1 North Wealth Services LLC purchased a new stake in shares of Lam Research during the 1st quarter valued at about $36,000. Institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wells Fargo & Company set a $98.00 target price on shares of Lam Research and gave the company an "equal weight" rating in a research report on Thursday, July 31st. TD Cowen increased their price objective on shares of Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Oppenheimer boosted their price objective on shares of Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. B. Riley restated a "buy" rating and set a $115.00 target price (up from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. Finally, The Goldman Sachs Group assumed coverage on shares of Lam Research in a report on Thursday, July 10th. They issued a "buy" rating and a $115.00 price objective for the company. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and a consensus price target of $107.96.

Lam Research Stock Up 1.9%

Shares of NASDAQ:LRCX opened at $119.21 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $119.33. The company's fifty day moving average is $101.49 and its two-hundred day moving average is $87.10. The stock has a market capitalization of $150.87 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 1.50 and a beta of 1.76.

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

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. Lam Research's payout ratio is 22.12%.

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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