Professional Advisory Services Inc. Lowers Stake in Lam Research Corporation $LRCX

Key Points

• Professional Advisory Services Inc. reduced its stake in Lam Research Corporation by 3.6%, selling 3,220 shares during the second quarter, bringing its total holdings to 86,769 shares worth approximately $8.4 million.
• Lam Research recently reported a quarterly EPS of $1.33, exceeding analysts' expectations, and experienced a 33.6% year-over-year revenue growth, achieving $5.17 billion in revenue.
• The company announced an increase in its quarterly dividend from $0.23 to $0.26 per share, with a scheduled payment on October 15th, representing an annualized yield of 0.8%.

Professional Advisory Services Inc. trimmed its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,769 shares of the semiconductor company's stock after selling 3,220 shares during the quarter. Professional Advisory Services Inc.'s holdings in Lam Research were worth $8,446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in LRCX. Meridian Wealth Management LLC grew its holdings in Lam Research by 1.4% during the 1st quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock valued at $707,000 after buying an additional 130 shares during the last quarter. Bay Rivers Group raised its holdings in Lam Research by 0.6% during the second quarter. Bay Rivers Group now owns 22,404 shares of the semiconductor company's stock worth $2,181,000 after purchasing an additional 130 shares in the last quarter. GW&K Investment Management LLC increased its holdings in shares of Lam Research by 10.1% in the first quarter. GW&K Investment Management LLC now owns 1,534 shares of the semiconductor company's stock valued at $112,000 after buying an additional 141 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Lam Research by 1.2% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 12,498 shares of the semiconductor company's stock valued at $909,000 after acquiring an additional 146 shares in the last quarter. Finally, Fiduciary Financial Group LLC boosted its holdings in Lam Research by 3.8% in the second quarter. Fiduciary Financial Group LLC now owns 4,073 shares of the semiconductor company's stock worth $394,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

Shares of LRCX traded up $0.60 during mid-day trading on Friday, reaching $126.92. The company had a trading volume of 24,270,137 shares, compared to its average volume of 10,712,953. The company's 50-day moving average is $103.36 and its 200-day moving average is $88.33. The company has a market capitalization of $160.05 billion, a P/E ratio of 30.51, a P/E/G ratio of 1.63 and a beta of 1.76. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $128.70. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company's quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 earnings per share. 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 EPS 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 dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. 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 payout ratio is presently 22.12%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LRCX shares. UBS Group increased their price objective on shares of Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a report on Monday, July 21st. Wall Street Zen cut shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Saturday. Citigroup boosted their target price on shares of Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, September 8th. B. Riley restated a "buy" rating and set a $115.00 price objective (up previously from $95.00) on shares of Lam Research in a report on Wednesday, June 18th. Finally, Needham & Company LLC increased their target price on shares of Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $107.96.

Lam Research Company 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.