Louisiana State Employees Retirement System Sells 1,800 Shares of Lam Research Corporation $LRCX

Louisiana State Employees Retirement System trimmed its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 161,000 shares of the semiconductor company's stock after selling 1,800 shares during the quarter. Louisiana State Employees Retirement System's holdings in Lam Research were worth $15,672,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Smallwood Wealth Investment Management LLC bought a new stake in Lam Research during the 1st quarter valued at approximately $26,000. Hilltop National Bank bought a new stake in Lam Research during the 2nd quarter valued at approximately $38,000. Bruce G. Allen Investments LLC boosted its position in Lam Research by 207.3% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 284 shares in the last quarter. 1 North Wealth Services LLC bought a new stake in Lam Research during the 1st quarter valued at approximately $36,000. Finally, City Holding Co. boosted its position in Lam Research by 81.8% during the 2nd quarter. City Holding Co. now owns 500 shares of the semiconductor company's stock valued at $49,000 after acquiring an additional 225 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on LRCX shares. Argus lifted their price objective on Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Erste Group Bank began coverage on Lam Research in a research report on Thursday, August 14th. They issued a "buy" rating on the stock. Hsbc Global Res raised Lam Research to a "hold" rating in a research report on Tuesday, September 30th. Weiss Ratings reissued a "buy (b-)" rating on shares of Lam Research in a research report on Saturday, September 27th. Finally, TD Cowen boosted their price target on Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Twenty-three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.20.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $140.35 on Wednesday. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $153.70. The firm has a market cap of $176.99 billion, a P/E ratio of 33.74, a PEG ratio of 1.82 and a beta of 1.84. The company has a 50 day moving average of $112.31 and a 200 day moving average of $93.32. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38.

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 for the quarter, topping 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 analyst estimates of $4.99 billion. During the same period in the previous year, the business earned $1.03 EPS. The firm's revenue for the quarter was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, research analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

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

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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