Mirae Asset Global Investments Co. Ltd. Sells 34,151 Shares of Lam Research Corporation $LRCX

Key Points

• Mirae Asset Global Investments Co. Ltd. has reduced its stake in Lam Research Corporation by 2.6%, selling 34,151 shares during the second quarter, leaving it with approximately 1.29 million shares valued at $125.9 million.
• Lam Research reported an earnings per share of $1.33 for the last quarter, surpassing expectations, and is forecasting a Q1 2026 EPS between $1.100 and $1.300.
• The company announced a dividend increase from $0.23 to $0.26, with a payment scheduled for October 15, which represents an annualized yield of 0.7%.

Mirae Asset Global Investments Co. Ltd. cut its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 2.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,293,768 shares of the semiconductor company's stock after selling 34,151 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.10% of Lam Research worth $125,935,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. BankPlus Wealth Management LLC boosted its stake in Lam Research by 2.0% in the 2nd quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company's stock valued at $511,000 after purchasing an additional 105 shares during the period. ORG Partners LLC boosted its stake in Lam Research by 7.3% in the 2nd quarter. ORG Partners LLC now owns 1,676 shares of the semiconductor company's stock valued at $162,000 after purchasing an additional 114 shares during the period. First Pacific Financial boosted its stake in Lam Research by 7.7% in the 2nd quarter. First Pacific Financial now owns 1,766 shares of the semiconductor company's stock valued at $172,000 after purchasing an additional 126 shares during the period. Meridian Wealth Management LLC boosted its stake in Lam Research by 1.4% in the 1st quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock valued at $707,000 after purchasing an additional 130 shares during the period. Finally, Bay Rivers Group boosted its stake in Lam Research by 0.6% in the 2nd quarter. Bay Rivers Group now owns 22,404 shares of the semiconductor company's stock valued at $2,181,000 after purchasing an additional 130 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

NASDAQ:LRCX opened at $146.99 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $185.36 billion, a PE ratio of 35.33, a price-to-earnings-growth ratio of 1.74 and a beta of 1.83. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $147.35. The stock's 50-day simple moving average is $109.49 and its 200 day simple moving average is $91.80.

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 the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business's quarterly revenue was up 33.6% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a $0.26 dividend. This is a boost from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio is 25.00%.

Analyst Ratings Changes

Several research firms recently issued reports on LRCX. Barclays set a $83.00 price target on Lam Research and gave the company an "equal weight" rating in a research note on Monday, July 28th. Hsbc Global Res raised Lam Research to a "hold" rating in a report on Tuesday. Argus increased their target price on Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Citigroup increased their target price on Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, September 8th. Finally, Mizuho increased their target price on Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Twenty-two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and an average price target of $119.20.

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.

Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Corporation (NASDAQ:LRCX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.