Lam Research Corporation $LRCX Shares Sold by Strategic Financial Services Inc.

Key Points

• Strategic Financial Services Inc. reduced its holdings in Lam Research Corporation by 9.5%, selling 4,055 shares and retaining 38,800 shares valued at approximately $2.82 million.
• Lam Research recently reported earnings of $1.33 per share, exceeding the estimate of $1.21, with revenue of $5.17 billion, reflecting a year-over-year increase of 33.6%.
• The company announced an increase in its quarterly dividend from $0.23 to $0.26 per share, representing an annualized yield of 1.0%.

Strategic Financial Services Inc. lowered its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 9.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,800 shares of the semiconductor company's stock after selling 4,055 shares during the period. Strategic Financial Services Inc.'s holdings in Lam Research were worth $2,821,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC acquired a new stake in Lam Research during the 1st quarter worth $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Lam Research in the 4th quarter worth $27,000. Park Square Financial Group LLC acquired a new stake in shares of Lam Research in the 4th quarter worth $31,000. Putney Financial Group LLC acquired a new stake in shares of Lam Research in the 4th quarter worth $36,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Lam Research in the 1st quarter worth $36,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on LRCX shares. Citigroup raised their target price on shares of Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday. Mizuho raised their target price on shares of Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. TD Cowen raised their target price on shares of Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. B. Riley restated a "buy" rating and issued a $115.00 target price (up previously from $95.00) on shares of Lam Research in a research note on Wednesday, June 18th. Finally, Wells Fargo & Company set a $98.00 target price on shares of Lam Research and gave the stock an "equal weight" rating in a research note 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 stock. Based on data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and a consensus target price of $107.52.

Lam Research Stock Up 1.7%

Shares of NASDAQ LRCX opened at $107.36 on Thursday. 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 Corporation has a 52 week low of $56.32 and a 52 week high of $108.02. The firm has a 50-day moving average price of $100.37 and a 200 day moving average price of $86.21. The stock has a market capitalization of $135.88 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 1.36 and a beta of 1.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm's revenue for the quarter was up 33.6% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal 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 given a dividend of $0.26 per share. The ex-dividend date is Wednesday, September 24th. This is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. Lam Research's dividend payout ratio (DPR) is presently 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.

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