Norden Group LLC Trims Position in Lam Research Corporation $LRCX

Key Points

• Norden Group LLC significantly reduced its stake in Lam Research Corporation by 76.6%, owning only 14,567 shares after selling 47,582 shares in the second quarter.
• Lam Research reported a quarterly earnings per share of $1.33, surpassing estimates, with revenues increasing 33.6% to $5.17 billion compared to the same quarter last year.
• The company announced an increase in its quarterly dividend to $0.26, representing an annualized total of $1.04 with a dividend yield of 0.8%.

Norden Group LLC lowered its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 76.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,567 shares of the semiconductor company's stock after selling 47,582 shares during the quarter. Norden Group LLC's holdings in Lam Research were worth $1,418,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of LRCX. Accurate Wealth Management LLC acquired a new position in Lam Research in the second quarter valued at approximately $1,162,000. CCM Investment Advisers LLC lifted its stake in shares of Lam Research by 0.8% in the 2nd quarter. CCM Investment Advisers LLC now owns 47,015 shares of the semiconductor company's stock valued at $4,576,000 after purchasing an additional 380 shares during the last quarter. MCF Advisors LLC grew its holdings in shares of Lam Research by 624.5% during the 2nd quarter. MCF Advisors LLC now owns 1,449 shares of the semiconductor company's stock worth $141,000 after purchasing an additional 1,249 shares during the period. Kwmg LLC grew its holdings in shares of Lam Research by 2.1% during the 2nd quarter. Kwmg LLC now owns 84,987 shares of the semiconductor company's stock worth $8,273,000 after purchasing an additional 1,748 shares during the period. Finally, Martin Capital Advisors LLP increased its position in shares of Lam Research by 2.5% during the 2nd quarter. Martin Capital Advisors LLP now owns 32,033 shares of the semiconductor company's stock worth $3,118,000 after purchasing an additional 780 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Down 2.7%

LRCX opened at $128.32 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The stock has a market capitalization of $161.82 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 1.68 and a beta of 1.76. The business has a fifty day moving average price of $105.18 and a 200 day moving average price of $89.35. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $133.57.

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 (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the business posted $1.03 EPS. The business's quarterly revenue 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. Sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share 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. Stockholders 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 dividend yield of 0.8%. 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 (DPR) is 22.12%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of recent analyst reports. Wells Fargo & Company set a $98.00 target price on shares of Lam Research and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Argus lifted their target price on shares of Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 1st. Cantor Fitzgerald boosted their target price on Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Needham & Company LLC upped their price target on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Morgan Stanley set a $125.00 price objective on Lam Research and gave the company an "equal weight" rating in a research note on Monday. Twenty research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $111.35.

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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