Landscape Capital Management L.L.C. Reduces Stock Position in Lam Research Corporation $LRCX

Key Points

• Landscape Capital Management L.L.C. reduced its stake in Lam Research Corporation by 28.4%, ending with 27,081 shares valued at approximately $1.97 million.
• Several institutional investors, including Citizens National Bank Trust Department and GW&K Investment Management LLC, increased their positions in Lam Research during the same quarter.
• Lam Research announced a quarterly dividend increase from $0.23 to $0.26, representing an annual yield of 1.0% and a payout ratio of 22.12%.

Landscape Capital Management L.L.C. cut its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 28.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,081 shares of the semiconductor company's stock after selling 10,761 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Lam Research were worth $1,969,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Smallwood Wealth Investment Management LLC bought a new position in Lam Research in the 1st quarter worth approximately $26,000. West Paces Advisors Inc. bought a new position in Lam Research in the 4th quarter worth approximately $27,000. Mpwm Advisory Solutions LLC bought a new position in Lam Research in the 4th quarter worth approximately $27,000. Park Square Financial Group LLC bought a new position in Lam Research in the 4th quarter worth approximately $31,000. Finally, Putney Financial Group LLC bought a new position in Lam Research in the 4th quarter worth approximately $36,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LRCX has been the subject of several recent research reports. The Goldman Sachs Group initiated coverage on shares of Lam Research in a research report on Thursday, July 10th. They set a "buy" rating and a $115.00 target price for the company. Barclays set a $83.00 target price on shares of Lam Research and gave the company an "equal weight" rating in a research report on Monday, July 28th. Stifel Nicolaus upped their target price on shares of Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. B. Riley reiterated a "buy" rating and set a $115.00 target price (up previously from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. Finally, Raymond James Financial upped their target price on shares of Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and an average target price of $107.22.

Lam Research Price Performance

Shares of NASDAQ LRCX traded down $3.32 during midday trading on Tuesday, reaching $96.83. The company's stock had a trading volume of 10,550,901 shares, compared to its average volume of 11,924,642. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $108.02. The business's 50 day moving average price is $99.62 and its two-hundred day moving average price is $85.43. The company has a market cap of $122.55 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.29 and a beta of 1.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion for the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company's revenue was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's payout ratio is currently 22.12%.

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.