Lam Research Corporation $LRCX Shares Sold by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management LLC reduced its stake in Lam Research by 1.7%, leaving it with 180,391 shares valued at approximately $17.56 million as of the latest reporting period.
• Lam Research's recent quarterly earnings exceeded expectations, reporting earnings of $1.33 per share on revenues of $5.17 billion, which is a 33.6% increase compared to the same period last year.
• The company announced an increase in its quarterly dividend to $0.26 per share, reflecting a positive trend in dividend payouts with a yield of 0.7%.

Mutual of America Capital Management LLC lowered its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 180,391 shares of the semiconductor company's stock after selling 3,169 shares during the period. Mutual of America Capital Management LLC's holdings in Lam Research were worth $17,559,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in Lam Research by 6.9% in 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. Nuveen LLC purchased a new stake in shares of Lam Research in the first quarter valued at $604,344,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Lam Research by 99.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company's stock valued at $417,242,000 after acquiring an additional 2,864,863 shares during the last quarter. Nordea Investment Management AB increased its position in Lam Research by 34.1% during the 2nd quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company's stock worth $1,029,210,000 after purchasing an additional 2,692,189 shares in the last quarter. Finally, Boston Partners raised its stake in Lam Research by 9,978.3% in the 1st quarter. Boston Partners now owns 2,350,362 shares of the semiconductor company's stock valued at $170,787,000 after purchasing an additional 2,327,041 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of the firm's stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the transaction, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.31% of the company's stock.

Lam Research Stock Down 0.6%

Shares of NASDAQ LRCX opened at $141.51 on Friday. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $153.70. The firm has a fifty day moving average of $119.06 and a 200-day moving average of $96.94. The stock has a market capitalization of $178.45 billion, a PE ratio of 34.02, a P/E/G ratio of 1.72 and a beta of 1.84. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share 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 for the quarter, compared to analyst estimates of $4.99 billion. During the same period last year, the company posted $1.03 EPS. The business'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, analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 24th. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio (DPR) is presently 25.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Lam Research in a research note on Wednesday, October 8th. 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 research report on Wednesday, October 8th. Raymond James Financial lifted their target price on shares of Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Needham & Company LLC boosted their price target on Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, UBS Group raised their price objective on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Twenty-three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.08.

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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