Lam Research Corporation $LRCX Stock Position Trimmed by Sitrin Capital Management LLC

Key Points

• Sitrin Capital Management LLC reduced its stake in Lam Research by 8.7% during the 2nd quarter, now holding 74,594 shares valued at approximately $7.3 million.
• Lam Research reported earnings per share of $1.33 for the most recent quarter, exceeding estimates, and projected a Q1 2026 EPS guidance of 1.100-1.300.
• The company recently declared a quarterly dividend increase from $0.23 to $0.26 per share, reflecting an annualized dividend of $1.04 and a yield of 0.7%.

Sitrin Capital Management LLC lessened its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 74,594 shares of the semiconductor company's stock after selling 7,149 shares during the period. Lam Research makes up approximately 3.7% of Sitrin Capital Management LLC's holdings, making the stock its 8th largest holding. Sitrin Capital Management LLC's holdings in Lam Research were worth $7,278,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in 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 purchasing an additional 12,936 shares during the period. UMB Bank n.a. purchased a new stake in Lam Research in the first quarter worth $357,000. Portside Wealth Group LLC purchased a new stake in Lam Research in the first quarter worth $285,000. Farther Finance Advisors LLC increased its stake in Lam Research by 47.3% in the first 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 during the period. Finally, Pallas Capital Advisors LLC purchased a new stake in Lam Research in the first quarter worth $504,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

Shares of LRCX stock opened at $142.54 on Thursday. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $153.70. The stock's 50-day moving average is $113.18 and its 200 day moving average is $93.66. The company has a market cap of $179.75 billion, a P/E ratio of 34.26, a PEG ratio of 1.71 and a beta of 1.84. 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 results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company's quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter last year, the company earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LRCX shares. Argus increased their price target on Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. UBS Group increased their price target on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Cantor Fitzgerald increased their price target on Lam Research from $120.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 1st. Needham & Company LLC increased their price target 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, Mizuho increased their price target on Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average 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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