Lam Research Corporation $LRCX Stock Holdings Decreased by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D reduced its holdings in Lam Research Corporation by 1.6%, now owning 433,369 shares valued at approximately $42 million.
• Lam Research's stock has recently received multiple upgrades, with B. Riley raising its price target to $175 and a consensus rating of "Moderate Buy".
• Insider selling was noted, as SVP Vahid Vahedi sold 52,190 shares for about $7.25 million, reducing his stake by 17.21%.

State of New Jersey Common Pension Fund D reduced its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 433,369 shares of the semiconductor company's stock after selling 6,944 shares during the period. State of New Jersey Common Pension Fund D's holdings in Lam Research were worth $42,184,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in LRCX. Brighton Jones LLC increased its position in shares of Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after acquiring an additional 12,936 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Lam Research by 21.5% in the first quarter. GAMMA Investing LLC now owns 29,408 shares of the semiconductor company's stock worth $2,138,000 after acquiring an additional 5,213 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Lam Research by 6.7% in the first quarter. Oppenheimer & Co. Inc. now owns 22,753 shares of the semiconductor company's stock worth $1,654,000 after acquiring an additional 1,432 shares in the last quarter. Moran Wealth Management LLC purchased a new position in shares of Lam Research in the first quarter worth approximately $490,000. Finally, Golden State Equity Partners grew its position in Lam Research by 10.8% during the first quarter. Golden State Equity Partners now owns 3,182 shares of the semiconductor company's stock valued at $231,000 after purchasing an additional 310 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. B. Riley boosted their price objective on shares of Lam Research from $160.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, October 20th. Barclays set a $142.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a research report on Monday. Hsbc Global Res raised shares of Lam Research to a "hold" rating in a research report on Tuesday, September 30th. Stifel Nicolaus set a $160.00 price objective on shares of Lam Research and gave the company a "buy" rating in a research report on Thursday. Finally, Erste Group Bank started coverage on shares of Lam Research in a research report on Thursday, August 14th. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and an average price target of $147.21.

Insider Buying and Selling at Lam Research

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

Lam Research Price Performance

Shares of Lam Research stock opened at $151.68 on Friday. The firm has a fifty day simple moving average of $123.23 and a 200-day simple moving average of $99.60. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $153.70. The stock has a market capitalization of $191.27 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 1.76 and a beta of 1.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The business had revenue of $5.32 billion during the quarter, compared to analysts' expectations of $5.23 billion. During the same period in the previous year, the company earned $0.86 earnings per share. Lam Research's revenue for the quarter was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were paid a $0.26 dividend. The ex-dividend date was Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Lam Research's dividend payout ratio is presently 22.91%.

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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