Matisse Capital Lowers Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Matisse Capital reduced its stake in Lam Research Corporation by 15.4%, holding 24,670 shares worth approximately $2.4 million after selling 4,500 shares in the second quarter.
• Several hedge funds, including REAP Financial Group LLC and Bruce G. Allen Investments LLC, made notable changes to their positions in Lam Research, with institutional investors now owning 84.61% of the company.
• Analysts have projected a Moderate Buy rating for Lam Research, with a target price increase from multiple firms, highlighting the company's changing stock outlook amid recent earnings performance.

Matisse Capital lowered its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 15.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,670 shares of the semiconductor company's stock after selling 4,500 shares during the quarter. Lam Research makes up 1.1% of Matisse Capital's holdings, making the stock its 28th largest position. Matisse Capital's holdings in Lam Research were worth $2,401,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. REAP Financial Group LLC acquired a new position in shares of Lam Research during the second quarter valued at approximately $31,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Lam Research during the first quarter valued at approximately $26,000. Hilltop National Bank acquired a new position in shares of Lam Research during the second quarter valued at approximately $38,000. Bruce G. Allen Investments LLC raised its holdings in shares of Lam Research by 207.3% during the second 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 during the last quarter. Finally, 1 North Wealth Services LLC acquired a new position in shares of Lam Research during the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on LRCX shares. TD Cowen increased their target price on Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 31st. HSBC set a $127.00 price target on Lam Research and gave the company a "hold" rating in a report on Tuesday, September 30th. Citigroup raised their target price on Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. UBS Group raised their target price on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, Erste Group Bank began coverage on Lam Research in a research note on Thursday, August 14th. They set a "buy" rating for the company. Twenty-three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $119.20.

Lam Research Trading Down 5.9%

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 company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $112.31 and a 200-day simple moving average of $93.32. The stock has a market capitalization of $176.99 billion, a PE ratio of 33.74, a PEG ratio of 1.82 and a beta of 1.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The company'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. On average, equities analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently announced 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%. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is 25.00%.

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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