Livforsakringsbolaget Skandia Omsesidigt Reduces Holdings in Lam Research Corporation $LRCX

Livforsakringsbolaget Skandia Omsesidigt lessened its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 59.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,720 shares of the semiconductor company's stock after selling 46,930 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Lam Research were worth $3,088,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LRCX. Empowered Funds LLC boosted its stake in Lam Research by 10.5% in the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock worth $13,629,000 after purchasing an additional 17,833 shares during the period. Pinnacle Financial Partners Inc bought a new position in Lam Research in the 1st quarter worth about $201,000. Cookson Peirce & Co. Inc. bought a new position in Lam Research in the 1st quarter worth about $607,000. B. Riley Wealth Advisors Inc. bought a new position in Lam Research in the 4th quarter worth about $6,296,000. Finally, China Universal Asset Management Co. Ltd. boosted its stake in Lam Research by 27.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock worth $3,607,000 after purchasing an additional 10,565 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

Shares of Lam Research stock opened at $119.21 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $150.87 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 1.50 and a beta of 1.76. The business's 50-day moving average price is $101.49 and its 200-day moving average price is $87.10. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $119.33.

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

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, September 24th. This is a positive change from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is 22.12%.

Analysts Set New Price Targets

LRCX has been the subject of several analyst reports. Wells Fargo & Company set a $98.00 target price on Lam Research and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Mizuho raised their price target on Lam Research from $120.00 to $130.00 and gave the company an "outperform" rating in a report on Friday. Citigroup raised their price target on Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a report on Monday, September 8th. KeyCorp raised their price target on Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, Stifel Nicolaus raised their price target on Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $107.96.

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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