Kestra Investment Management LLC Has $513,000 Holdings in Lam Research Corporation $LRCX

Key Points

• Kestra Investment Management LLC reduced its stake in Lam Research Corporation by 29.7%, holding 7,054 shares valued at $513,000 as of the latest SEC filing.
• Several institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., increased their positions in Lam Research during the same quarter, indicating strong investor interest in the semiconductor company.
• Lam Research has recently declared a quarterly dividend of $0.26 per share, reflecting an increase from the previous dividend of $0.23, with a yield of 1.0% for investors.

Kestra Investment Management LLC decreased its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 29.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,054 shares of the semiconductor company's stock after selling 2,974 shares during the period. Kestra Investment Management LLC's holdings in Lam Research were worth $513,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinnacle Financial Partners Inc bought a new position in shares of Lam Research during the first quarter valued at $201,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Lam Research in the 1st quarter valued at $607,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Lam Research in the 4th quarter valued at $6,296,000. China Universal Asset Management Co. Ltd. boosted its position in shares of Lam Research by 27.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock worth $3,607,000 after purchasing an additional 10,565 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its position in shares of Lam Research by 47.8% in the 1st quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock worth $8,862,000 after purchasing an additional 39,414 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Up 1.2%

Shares of NASDAQ:LRCX traded up $1.38 during midday trading on Friday, reaching $116.96. The company had a trading volume of 11,054,667 shares, compared to its average volume of 11,901,450. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The business's 50 day moving average price is $100.71 and its 200 day moving average price is $86.43. The stock has a market cap of $148.03 billion, a PE ratio of 28.12, a P/E/G ratio of 1.38 and a beta of 1.76. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $117.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last released 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 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%.Lam Research's quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter 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. Research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be given a $0.26 dividend. This is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is presently 25.00%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several recent research reports. Morgan Stanley restated an "underweight" rating and issued a $92.00 price target (down from $94.00) on shares of Lam Research in a research report on Tuesday, September 2nd. Raymond James Financial raised their price target on Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Barclays set a $83.00 target price on Lam Research and gave the stock an "equal weight" rating in a report on Monday, July 28th. Needham & Company LLC lifted their target price on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, B. Riley reiterated a "buy" rating and set a $115.00 target price (up from $95.00) on shares of Lam Research in a report on Wednesday, June 18th. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and an average price target of $107.96.

Lam Research 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.