Lam Research Corporation $LRCX Shares Sold by William Blair Investment Management LLC

Key Points

• William Blair Investment Management LLC decreased its stake in Lam Research Corporation by 42.6%, selling 1,415,512 shares, leaving them with 1,908,368 shares worth approximately $185.76 million.
• Several analysts have recently upgraded their target prices for Lam Research, with Argus increasing theirs from $105 to $120, reflecting overall positive sentiment as the stock carries a consensus rating of "Moderate Buy" with a target price of $125.08.
• Lam Research has declared an increased quarterly dividend of $0.26 per share, marking a rise from the previous $0.23, with a current yield of 0.7% and a dividend payout ratio of 25%.

William Blair Investment Management LLC reduced its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 42.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,908,368 shares of the semiconductor company's stock after selling 1,415,512 shares during the period. William Blair Investment Management LLC owned about 0.15% of Lam Research worth $185,761,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. REAP Financial Group LLC acquired a new stake in shares of Lam Research during the second quarter worth $31,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Lam Research in the 1st quarter valued at about $26,000. Hilltop National Bank acquired a new position in shares of Lam Research in the 2nd quarter valued at about $38,000. Bruce G. Allen Investments LLC grew its position in shares of Lam Research by 207.3% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company's stock valued at $41,000 after buying an additional 284 shares during the last quarter. Finally, 1 North Wealth Services LLC acquired a new stake in Lam Research during the first quarter worth about $36,000. 84.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Argus lifted their target price on Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Cantor Fitzgerald boosted their price objective on Lam Research from $155.00 to $170.00 and gave the company an "overweight" rating in a research report on Tuesday. Weiss Ratings restated a "buy (b-)" rating on shares of Lam Research in a research note on Wednesday, October 8th. Needham & Company LLC increased their target price on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Wall Street Zen raised shares of Lam Research from a "hold" rating to a "buy" rating in a report on Saturday, October 4th. Twenty-three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.08.

Insider Activity

In other news, SVP Vahid Vahedi sold 52,190 shares of the business's stock in a transaction on Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the sale, the senior vice president owned 251,047 shares of the company's stock, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.31% of the company's stock.

Lam Research Stock Down 0.6%

Shares of Lam Research stock opened at $141.51 on Friday. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $153.70. The company has a market capitalization of $178.45 billion, a P/E ratio of 34.02, a PEG ratio of 1.73 and a beta of 1.84. The business's fifty day moving average price is $119.06 and its two-hundred day moving average price is $96.78. 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 issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share 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 business had revenue of $5.17 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The company's revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 24th. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is 25.00%.

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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