Novem Group Sells 3,103 Shares of Lam Research Corporation $LRCX

Key Points

• Novem Group sold 3,103 shares of Lam Research Corporation, reducing its holdings by 15.6% to a total of 16,815 shares, valued at approximately $1.64 million.
• Several institutional investors have recently increased their stakes in Lam Research, with 84.61% of the stock now owned by institutional investors.
• Lam Research has received multiple buy ratings from analysts, with B. Riley raising its price target from $130 to $160, reflecting strong market confidence in the company's future performance.

Novem Group reduced its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 15.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,815 shares of the semiconductor company's stock after selling 3,103 shares during the period. Novem Group's holdings in Lam Research were worth $1,637,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LRCX. Smallwood Wealth Investment Management LLC bought a new stake in shares of Lam Research in the 1st quarter valued at about $26,000. Park Square Financial Group LLC bought a new stake in shares of Lam Research in the 4th quarter valued at about $31,000. 1 North Wealth Services LLC purchased a new position in shares of Lam Research in the 1st quarter valued at approximately $36,000. Rossby Financial LCC purchased a new position in shares of Lam Research in the 1st quarter valued at approximately $37,000. Finally, Saudi Central Bank purchased a new position in shares of Lam Research in the 1st quarter valued at approximately $37,000. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LRCX has been the subject of several research analyst reports. B. Riley increased their price objective on shares of Lam Research from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday. The Goldman Sachs Group initiated coverage on shares of Lam Research in a research report on Thursday, July 10th. They issued a "buy" rating and a $115.00 price objective for the company. Citigroup increased their price objective on shares of Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Erste Group Bank initiated coverage on shares of Lam Research in a research report on Thursday, August 14th. They issued a "buy" rating for the company. Finally, Wells Fargo & Company set a $98.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $111.35.

Lam Research Stock Performance

LRCX opened at $128.13 on Friday. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $133.57. 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 firm has a market capitalization of $161.58 billion, a PE ratio of 30.80, a P/E/G ratio of 1.62 and a beta of 1.76. The firm has a 50 day moving average of $105.73 and a two-hundred day moving average of $89.73.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) 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 last year, the firm posted $1.03 EPS. 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, analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current 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 paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend 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 is 25.00%.

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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