Lam Research Corporation $LRCX Stock Holdings Lessened by US Bancorp DE

Key Points

• US Bancorp DE has reduced its stake in Lam Research Corporation (NASDAQ:LRCX) by 5.6%, now owning 413,392 shares valued at approximately $40.24 million.
• Lam Research reported earnings of $1.33 per share for the last quarter, surpassing estimates, and revenue was up 33.6% year-over-year, amounting to $5.17 billion.
• The company announced a quarterly dividend increase to $0.26, boosting the annualized dividend to $1.04 with a yield of 0.7%.

US Bancorp DE lowered its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 413,392 shares of the semiconductor company's stock after selling 24,440 shares during the period. US Bancorp DE's holdings in Lam Research were worth $40,240,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LRCX. Brighton Jones LLC grew its position in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after purchasing an additional 12,936 shares in the last quarter. Farther Finance Advisors LLC grew its position in Lam Research by 47.3% during the 1st quarter. Farther Finance Advisors LLC now owns 21,765 shares of the semiconductor company's stock worth $1,585,000 after purchasing an additional 6,992 shares in the last quarter. Pallas Capital Advisors LLC purchased a new position in Lam Research during the 1st quarter worth approximately $504,000. GAMMA Investing LLC grew its position in Lam Research by 21.5% during the 1st quarter. GAMMA Investing LLC now owns 29,408 shares of the semiconductor company's stock worth $2,138,000 after purchasing an additional 5,213 shares in the last quarter. Finally, Integrated Advisors Network LLC grew its position in Lam Research by 46.2% during the 1st quarter. Integrated Advisors Network LLC now owns 17,449 shares of the semiconductor company's stock worth $1,269,000 after purchasing an additional 5,517 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Down 1.1%

LRCX stock opened at $141.00 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $153.70. The company has a fifty day simple moving average of $114.10 and a 200 day simple moving average of $94.09. The firm has a market cap of $177.81 billion, a PE ratio of 33.89, a PEG ratio of 1.74 and a beta of 1.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the business earned $1.03 EPS. Lam Research'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. Sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 24th. This is a boost from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio (DPR) is presently 25.00%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LRCX. Weiss Ratings reiterated a "buy (b-)" rating on shares of Lam Research in a research report on Wednesday. Needham & Company LLC boosted their price target on shares of Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Argus boosted their price target on shares of Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 1st. KeyCorp boosted their price target on shares of Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, HSBC set a $127.00 price target on shares of Lam Research and gave the company a "hold" rating in a report on Tuesday, September 30th. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $121.00.

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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