Parnassus Investments LLC Sells 75,025 Shares of Lam Research Corporation $LRCX

Key Points

• Parnassus Investments LLC reduced its stake in Lam Research Corporation by 8.9%, owning approximately 772,458 shares worth about $56.16 million after selling 75,025 shares.
• Lam Research reported a 33.6% year-over-year revenue increase to $5.17 billion and an EPS of $1.33, exceeding analyst estimates, while also providing a Q1 2026 EPS guidance of 1.100-1.300.
• The company announced a dividend increase to $0.26 per share, reflecting a $1.04 annualized dividend and a yield of 1.0%, up from the previous $0.23 dividend.

Parnassus Investments LLC decreased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 772,458 shares of the semiconductor company's stock after selling 75,025 shares during the period. Parnassus Investments LLC owned 0.06% of Lam Research worth $56,158,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smallwood Wealth Investment Management LLC bought a new position in Lam Research during the 1st quarter valued at approximately $26,000. West Paces Advisors Inc. purchased a new position in shares of Lam Research in the 4th quarter valued at approximately $27,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Lam Research in the 4th quarter valued at approximately $27,000. Park Square Financial Group LLC purchased a new position in shares of Lam Research in the 4th quarter valued at approximately $31,000. Finally, Putney Financial Group LLC purchased a new position in shares of Lam Research in the 4th quarter valued at approximately $36,000. Institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LRCX. The Goldman Sachs Group began coverage on Lam Research in a research note on Thursday, July 10th. They issued a "buy" rating and a $115.00 target price for the company. Raymond James Financial raised their target price on Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Argus raised their target price on Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Mizuho raised their target price on Lam Research from $115.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Barclays set a $83.00 target price on Lam Research and gave the company an "equal weight" rating in a research note on Monday, July 28th. Twenty research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and an average price target of $107.30.

Lam Research Stock Down 3.8%

NASDAQ:LRCX traded down $3.94 during trading hours on Friday, reaching $100.15. 12,177,963 shares of the company traded hands, compared to its average volume of 11,266,383. The business's 50-day moving average price is $99.45 and its two-hundred day moving average price is $85.31. The stock has a market capitalization of $126.75 billion, a P/E ratio of 24.07, a P/E/G ratio of 1.29 and a beta of 1.76. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $108.02. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm's quarterly revenue was up 33.6% compared to the same quarter last year. 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. Analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is 22.12%.

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.