Lam Research Corporation $LRCX Stock Position Reduced by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Key Points

• Empirical Financial Services LLC reduced its holdings in Lam Research Corporation by 14.6%, owning 24,404 shares valued at approximately $2.375 million after selling 4,157 shares in the 2nd quarter.
• Several analysts have increased their price targets for Lam Research, with Rothschild & Co Redburn raising it to $140.00, indicating a positive sentiment with a consensus rating of "Moderate Buy."
• Lam Research announced a quarterly dividend increase from $0.23 to $0.26, reflecting a positive change in its payout policy.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 14.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,404 shares of the semiconductor company's stock after selling 4,157 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Lam Research were worth $2,375,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LRCX. Smallwood Wealth Investment Management LLC bought a new stake in Lam Research in the first quarter worth approximately $26,000. 1 North Wealth Services LLC bought a new stake in Lam Research in the first quarter worth approximately $36,000. Rossby Financial LCC bought a new stake in Lam Research in the first quarter worth approximately $37,000. Saudi Central Bank bought a new stake in shares of Lam Research during the 1st quarter worth $37,000. Finally, Hilltop National Bank bought a new stake in shares of Lam Research during the 2nd quarter worth $38,000. 84.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on LRCX shares. Rothschild & Co Redburn upped their price objective on shares of Lam Research from $115.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday. TD Cowen upped their price objective on shares of Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. UBS Group upped their price objective on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Barclays set a $83.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Morgan Stanley set a $125.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a report on Monday, September 22nd. Twenty-three investment 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, Lam Research has a consensus rating of "Moderate Buy" and a consensus target price of $119.20.

Lam Research Price Performance

Shares of Lam Research stock opened at $145.81 on Friday. 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 Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $147.91. The firm has a fifty day moving average price of $110.47 and a two-hundred day moving average price of $92.27. The company has a market cap of $183.87 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 1.79 and a beta of 1.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data 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. 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 analysts' expectations of $4.99 billion. During the same quarter in the prior year, the company posted $1.03 EPS. The business'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. Analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The firm 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 $0.26 dividend. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is currently 25.00%.

Lam Research Company 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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