Lam Research Corporation $LRCX Shares Sold by JB Capital LLC

Key Points

• JB Capital LLC reduced its holdings in Lam Research Corporation ($LRCX) by 12.3% during the 2nd quarter, now owning 44,141 shares valued at approximately $4.3 million.
• Lam Research reported a $1.33 EPS for the last quarter, exceeding expectations of $1.21, and experienced a 33.6% increase in revenue year-over-year.
• The company has announced a quarterly dividend of $0.26 per share, an increase from the previous $0.23, representing an annualized yield of 0.7%.

JB Capital LLC decreased its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 12.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,141 shares of the semiconductor company's stock after selling 6,204 shares during the quarter. JB Capital LLC's holdings in Lam Research were worth $4,297,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. REAP Financial Group LLC acquired a new stake in Lam Research in the second quarter worth about $31,000. Smallwood Wealth Investment Management LLC acquired a new stake in Lam Research in the first quarter worth about $26,000. Hilltop National Bank acquired a new stake in Lam Research in the 2nd quarter valued at about $38,000. Bruce G. Allen Investments LLC lifted its holdings in Lam Research by 207.3% in the 2nd 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 during the last quarter. Finally, 1 North Wealth Services LLC acquired a new stake in Lam Research in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Stock Performance

LRCX opened at $141.00 on Friday. 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 52-week low of $56.32 and a 52-week high of $153.70. The firm has a market cap of $177.81 billion, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 1.74 and a beta of 1.84. The business's fifty day moving average is $114.10 and its 200-day moving average is $94.09.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its 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 return on equity of 58.17% and a net margin of 29.07%.The business had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The firm's 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. Sell-side analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be paid 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 0.7%. Lam Research's dividend payout ratio (DPR) is presently 25.00%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus upped their price target on shares of Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. HSBC set a $127.00 price objective on Lam Research and gave the stock a "hold" rating in a report on Tuesday, September 30th. Raymond James Financial increased their price target on Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. The Goldman Sachs Group increased their price objective on Lam Research from $115.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Mizuho raised their target price on Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $121.00.

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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