Lam Research Corporation $LRCX Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL has reduced its stake in Lam Research Corporation ($LRCX) by 11.0%, owning 47,911 shares worth approximately $4.66 million after selling 5,921 shares in the second quarter.
• Lam Research's recent quarterly earnings showed an EPS of $1.33, surpassing estimates, with a 33.6% year-over-year revenue increase to $5.17 billion.
• The company announced an increase in its quarterly dividend from $0.23 to $0.26 per share, representing a yield of 0.8%.

Blair William & Co. IL reduced its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 11.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,911 shares of the semiconductor company's stock after selling 5,921 shares during the period. Blair William & Co. IL's holdings in Lam Research were worth $4,664,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. REAP Financial Group LLC bought a new position in shares of Lam Research in the second quarter valued at approximately $31,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Lam Research in the first quarter valued at approximately $26,000. Hilltop National Bank bought a new position in shares of Lam Research in the second quarter valued at approximately $38,000. Bruce G. Allen Investments LLC boosted its holdings in shares of Lam Research by 207.3% in the second quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 284 shares in the last quarter. Finally, 1 North Wealth Services LLC bought a new position in shares of Lam Research in the first quarter valued at approximately $36,000. 84.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on LRCX. Erste Group Bank began coverage on shares of Lam Research in a report on Thursday, August 14th. They set a "buy" rating for the company. B. Riley raised their target price on shares of Lam Research from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Cantor Fitzgerald raised their target price on shares of Lam Research from $120.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, October 1st. Needham & Company LLC raised their target price on shares of Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, The Goldman Sachs Group raised their target price on shares of Lam Research from $115.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, October 8th. Twenty-three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.00.

Lam Research Stock Down 6.8%

LRCX stock opened at $131.37 on Monday. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $153.70. 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 market cap of $165.66 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 1.60 and a beta of 1.84. The company has a 50 day moving average of $114.80 and a two-hundred day moving average of $94.73.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the business posted $1.03 EPS. Lam Research's quarterly revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared 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 is a positive change from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. Lam Research's dividend payout ratio (DPR) is currently 25.00%.

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.

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