Lam Research Corporation $LRCX Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. sold 1,475,854 shares of Lam Research Corporation, reducing its stake by 31.5%, leaving it with a total of 3,214,751 shares which is about 0.9% of their portfolio.
• Several equities analysts have issued new price targets for Lam Research, with Oppenheimer raising its target from $110 to $120 and TD Cowen from $100 to $125, indicating generally positive expectations for the company.
• Lam Research announced a quarterly dividend increase to $0.26 per share from the previous $0.23, reflecting the company's strong financial performance, with a current payout ratio of 22.12%.

Jacobs Levy Equity Management Inc. lessened its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 31.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,214,751 shares of the semiconductor company's stock after selling 1,475,854 shares during the quarter. Lam Research comprises 0.9% of Jacobs Levy Equity Management Inc.'s portfolio, making the stock its 17th biggest holding. Jacobs Levy Equity Management Inc. owned approximately 0.25% of Lam Research worth $233,712,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Eventide Asset Management LLC grew its holdings in Lam Research by 31.4% during the 1st quarter. Eventide Asset Management LLC now owns 737,195 shares of the semiconductor company's stock valued at $53,592,000 after buying an additional 175,985 shares in the last quarter. Cinctive Capital Management LP purchased a new position in shares of Lam Research in the 1st quarter worth approximately $3,481,000. Clark Capital Management Group Inc. purchased a new position in shares of Lam Research in the 1st quarter worth approximately $815,000. Banque Transatlantique SA boosted its holdings in shares of Lam Research by 8.4% in the 1st quarter. Banque Transatlantique SA now owns 6,544 shares of the semiconductor company's stock worth $440,000 after purchasing an additional 509 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Lam Research by 13.3% in the 1st quarter. Alliancebernstein L.P. now owns 3,593,509 shares of the semiconductor company's stock worth $261,248,000 after purchasing an additional 421,140 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

Lam Research stock traded up $0.50 during trading hours on Tuesday, hitting $105.57. 7,261,706 shares of the stock traded hands, compared to its average volume of 11,855,042. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The firm's 50 day moving average price is $100.02 and its 200-day moving average price is $85.93. The stock has a market capitalization of $133.61 billion, a price-to-earnings ratio of 25.38, a P/E/G ratio of 1.32 and a beta of 1.76. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $108.02.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company'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. As a group, equities analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend 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 is currently 22.12%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LRCX. KeyCorp boosted their price objective on Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Summit Insights cut Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Wall Street Zen upgraded Lam Research from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Erste Group Bank assumed coverage on Lam Research in a research report on Thursday, August 14th. They set a "buy" rating for the company. Finally, Mizuho lifted their target price on Lam Research from $115.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Lam Research has an average rating of "Moderate Buy" and an average target price of $107.52.

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.