Means Investment CO. Inc. Reduces Stock Position in Lam Research Corporation $LRCX

Key Points

• Means Investment CO. Inc. reduced its position in Lam Research by 3.2%, owning 61,392 shares worth approximately $5.98 million after selling 2,053 shares during the second quarter.
• Lam Research reported an earnings per share (EPS) of $1.33 for the last quarter, surpassing estimates by $0.12, and posted revenue of $5.17 billion, reflecting a 33.6% year-over-year increase.
• The company has announced a quarterly dividend increase to $0.26, effective from October 15, with a yield of 0.8% and a payout ratio of 25%.

Means Investment CO. Inc. lowered its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,392 shares of the semiconductor company's stock after selling 2,053 shares during the quarter. Lam Research accounts for 0.6% of Means Investment CO. Inc.'s portfolio, making the stock its 28th biggest holding. Means Investment CO. Inc.'s holdings in Lam Research were worth $5,976,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Lam Research by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock valued at $9,389,358,000 after buying an additional 8,364,375 shares during the period. Invesco Ltd. boosted its holdings in shares of Lam Research by 2.8% in the first quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock valued at $1,259,947,000 after purchasing an additional 472,636 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Lam Research by 25.8% in the first quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock valued at $693,319,000 after purchasing an additional 1,953,221 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lam Research by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company's stock valued at $647,067,000 after purchasing an additional 418,077 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Lam Research in the first quarter valued at approximately $604,344,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

LRCX stock opened at $131.37 on Friday. Lam Research Corporation has a one year low of $56.32 and a one year high of $153.70. The firm has a 50-day simple moving average of $114.80 and a two-hundred day simple moving average of $94.59. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The firm has a market cap of $165.66 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 1.60 and a beta of 1.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating 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 analysts' expectations of $4.99 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. Lam Research's revenue for the quarter was up 33.6% compared to the same quarter last year. 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 EPS 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 paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. 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%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. B. Riley upped their target price on Lam Research from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Morgan Stanley set a $125.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a research note on Monday, September 22nd. Wells Fargo & Company upped their price objective on shares of Lam Research from $98.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 2nd. Raymond James Financial upped their price target on shares of Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Citigroup upped their price target on shares of Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. Twenty-three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and an average price target of $121.00.

Lam Research Company 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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