Lam Research Corporation $LRCX Shares Sold by Peregrine Investment Management Inc.

Key Points

• Peregrine Investment Management Inc. reduced its stake in Lam Research Corporation by 22.4%, holding 101,360 shares after selling 29,270 shares in Q2, which makes Lam Research the 8th largest holding in their portfolio.
• Analysts are optimistic about Lam Research, with multiple firms raising their target prices; the consensus rating for the stock is a "Moderate Buy" with a target price around $109.39.
• Lam Research recently increased its quarterly dividend from $0.23 to $0.26, reflecting a healthy dividend yield of 0.8% and a payout ratio of 25%.

Peregrine Investment Management Inc. reduced its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 22.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,360 shares of the semiconductor company's stock after selling 29,270 shares during the period. Lam Research makes up about 6.3% of Peregrine Investment Management Inc.'s portfolio, making the stock its 8th biggest holding. Peregrine Investment Management Inc.'s holdings in Lam Research were worth $9,866,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC bought a new stake in shares of Lam Research during the 1st quarter valued at $26,000. Park Square Financial Group LLC bought a new stake in shares of Lam Research during the 4th quarter valued at $31,000. 1 North Wealth Services LLC bought a new stake in shares of Lam Research during the 1st quarter valued at $36,000. Rossby Financial LCC bought a new stake in shares of Lam Research during the 1st quarter valued at $37,000. Finally, Saudi Central Bank bought a new stake in shares of Lam Research during the 1st quarter valued at $37,000. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LRCX shares. Cantor Fitzgerald upped their target price on Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Oppenheimer upped their target price on Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. TD Cowen boosted their price target on Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company set a $98.00 price target on Lam Research and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, Raymond James Financial boosted their price target on Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $109.39.

Lam Research Trading Down 0.2%

NASDAQ LRCX opened at $131.93 on Wednesday. The business's 50-day moving average price is $104.62 and its two-hundred day moving average price is $89.08. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $133.57. The firm has a market capitalization of $166.37 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 1.69 and a beta of 1.76. 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 released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the company posted $1.03 EPS. The business'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. On average, analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a $0.26 dividend. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. Lam Research's dividend payout ratio is presently 25.00%.

About Lam Research

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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