Lam Research Corporation $LRCX Shares Sold by Tritonpoint Wealth LLC

Key Points

• Tritonpoint Wealth LLC reduced its stake in Lam Research Corporation by 2.8%, now holding 76,168 shares valued at approximately $7.43 million.
• Lam Research reported a quarterly earnings per share (EPS) of $1.33, exceeding analysts' estimates of $1.21, with a net margin of 29.07% and revenue of $5.17 billion.
• The company's dividend was increased to $0.26 per share, reflecting a 13% rise from the previous quarterly dividend, with an annualized yield of 0.8%.

Tritonpoint Wealth LLC reduced its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 2.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 76,168 shares of the semiconductor company's stock after selling 2,173 shares during the quarter. Tritonpoint Wealth LLC's holdings in Lam Research were worth $7,432,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC boosted its position in shares of Lam Research by 10.5% during the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock worth $13,629,000 after purchasing an additional 17,833 shares in the last quarter. Pinnacle Financial Partners Inc purchased a new stake in shares of Lam Research during the 1st quarter worth $201,000. Cookson Peirce & Co. Inc. purchased a new stake in shares of Lam Research during the 1st quarter worth $607,000. China Universal Asset Management Co. Ltd. boosted its position in shares of Lam Research by 27.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock worth $3,607,000 after purchasing an additional 10,565 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its position in shares of Lam Research by 47.8% during the 1st quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock worth $8,862,000 after purchasing an additional 39,414 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Price Performance

NASDAQ:LRCX opened at $128.33 on Friday. The firm has a market cap of $161.83 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 1.62 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. The company's 50-day moving average is $106.28 and its two-hundred day moving average is $90.20. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $133.57.

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

Lam Research Increases Dividend

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

Analysts Set New Price Targets

LRCX has been the topic of several research analyst reports. Mizuho boosted their target price on shares of Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. Cantor Fitzgerald boosted their price objective on shares of Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Argus boosted their price objective on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. The Goldman Sachs Group assumed coverage on shares of Lam Research in a research report on Thursday, July 10th. They issued a "buy" rating and a $115.00 price objective on the stock. Finally, Stifel Nicolaus boosted their price objective on shares of Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Twenty investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.35.

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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