Lam Research Corporation $LRCX Shares Sold by Robertson Stephens Wealth Management LLC

Key Points

• Robertson Stephens Wealth Management LLC significantly reduced its stake in Lam Research Corporation by 58.8%, owning 11,898 shares worth approximately $1.16 million after selling 17,011 shares.
• Lam Research recently reported strong quarterly earnings, with $1.33 EPS, surpassing estimates, and 33.6% year-over-year revenue growth.
• The company announced an increase in its quarterly dividend from $0.23 to $0.26, with a yield of 0.8% and a payout ratio of 25%.

Robertson Stephens Wealth Management LLC reduced its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 58.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,898 shares of the semiconductor company's stock after selling 17,011 shares during the period. Robertson Stephens Wealth Management LLC's holdings in Lam Research were worth $1,161,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. REAP Financial Group LLC purchased a new position in Lam Research in the 2nd quarter worth about $31,000. Smallwood Wealth Investment Management LLC purchased a new position in Lam Research in the 1st quarter worth about $26,000. Hilltop National Bank purchased a new position in Lam Research in the 2nd quarter worth about $38,000. Bruce G. Allen Investments LLC increased its stake 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 worth $41,000 after purchasing an additional 284 shares in the last quarter. Finally, 1 North Wealth Services LLC purchased a new position in Lam Research in the 1st quarter worth about $36,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Trading Down 6.8%

Shares of NASDAQ LRCX opened at $131.37 on Friday. The stock has a market cap of $165.66 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 1.72 and a beta of 1.84. The business has a 50 day simple moving average of $114.80 and a 200 day simple moving average of $94.46. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $153.70. 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 (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate 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 posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

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

Wall Street Analyst Weigh In

LRCX has been the topic of a number of analyst reports. Summit Insights cut Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Erste Group Bank started coverage on Lam Research in a report on Thursday, August 14th. They issued a "buy" rating on the stock. Needham & Company LLC raised their price target on shares of Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Hsbc Global Res upgraded shares of Lam Research to a "hold" rating in a report on Tuesday, September 30th. Finally, Morgan Stanley set a $125.00 price target on shares of Lam Research and gave the stock an "equal weight" rating in a report on Monday, September 22nd. Twenty-three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and an average target price of $121.00.

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.

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