Lam Research Corporation $LRCX Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Lam Research by 9.5%, selling 155,627 shares, now owning approximately 1.49 million shares valued at $108.1 million.
• Lam Research's dividend increased to $0.26 per share, with a payout scheduled for October 15, marking a rise from the previous $0.23 dividend.
• Analysts have mixed ratings on Lam Research, with a consensus average rating of "Moderate Buy" and price targets ranging from $100.00 to $125.00.

The Manufacturers Life Insurance Company cut its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 9.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,486,985 shares of the semiconductor company's stock after selling 155,627 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.12% of Lam Research worth $108,103,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Lam Research during the 1st quarter worth about $26,000. West Paces Advisors Inc. acquired a new stake in shares of Lam Research in the fourth quarter worth $27,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Lam Research in the fourth quarter worth $27,000. Park Square Financial Group LLC purchased a new position in shares of Lam Research in the 4th quarter valued at $31,000. Finally, Putney Financial Group LLC acquired a new position in shares of Lam Research during the 4th quarter valued at $36,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Mizuho increased their price target on Lam Research from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, August 1st. The Goldman Sachs Group initiated coverage on Lam Research in a research report on Thursday, July 10th. They issued a "buy" rating and a $115.00 target price for the company. Wall Street Zen upgraded Lam Research from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Summit Insights downgraded Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, TD Cowen boosted their price target on Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Lam Research currently has an average rating of "Moderate Buy" and an average price target of $107.30.

Lam Research Trading Down 3.8%

Shares of LRCX opened at $100.15 on Friday. Lam Research Corporation has a one year low of $56.32 and a one year high of $108.02. The stock has a 50-day moving average price of $99.45 and a 200 day moving average price of $85.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The company has a market capitalization of $126.75 billion, a P/E ratio of 24.07, a P/E/G ratio of 1.34 and a beta of 1.65.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results 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 company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.Lam Research's quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 annualized dividend and a yield of 1.0%. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio (DPR) is 22.12%.

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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