KG&L Capital Management LLC Sells 2,430 Shares of Lam Research Corporation $LRCX

Key Points

• KG&L Capital Management LLC reduced its stake in Lam Research Corporation by 8.7%, selling 2,430 shares and holding 25,662 shares valued at approximately $2.5 million as of its latest filing.
• Analyst ratings for Lam Research have improved, with several firms increasing their target prices to $120.00 and an overall consensus rating of "Moderate Buy" among analysts.
• Lam Research announced a quarterly dividend increase from $0.23 to $0.26, reflecting a positive change with a current yield of 0.8% and a payout ratio of 25% of earnings.

KG&L Capital Management LLC lessened its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,662 shares of the semiconductor company's stock after selling 2,430 shares during the period. KG&L Capital Management LLC's holdings in Lam Research were worth $2,498,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position 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 valued at $9,389,358,000 after buying an additional 8,364,375 shares in the last quarter. Invesco Ltd. raised its position in shares of Lam Research by 2.8% during the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock valued at $1,259,947,000 after buying an additional 472,636 shares in the last quarter. Goldman Sachs Group Inc. raised its position 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 valued at $693,319,000 after buying an additional 1,953,221 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Lam Research by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company's stock valued at $647,067,000 after buying an additional 418,077 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Lam Research during the 1st quarter valued at about $604,344,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Cantor Fitzgerald upped their target price on shares of Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Argus increased their price objective on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Barclays set a $83.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Oppenheimer increased their price objective on shares of Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Summit Insights lowered shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, Lam Research currently has an average rating of "Moderate Buy" and a consensus price target of $111.35.

Lam Research Price Performance

Shares of LRCX opened at $128.33 on Friday. The company has a market cap of $161.83 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 1.62 and a beta of 1.76. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $133.57. 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 company has a 50 day moving average of $106.28 and a two-hundred day moving average of $90.20.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The business's revenue for the quarter 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, analysts predict that Lam Research Corporation will post 3.71 earnings per share 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. Stockholders of record on Wednesday, September 24th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. This is a positive change from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is 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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