OMERS ADMINISTRATION Corp Trims Stake in Lam Research Corporation $LRCX

Key Points

• OMERS ADMINISTRATION Corp decreased its stake in Lam Research Corporation by 24.8%, now holding 57,394 shares valued at approximately $4.17 million.
• Lam Research announced a quarterly dividend increase to $0.26 per share, reflecting a positive change from the previous $0.23 and indicating an annual yield of 1.0%.
• The company reported a quarterly EPS of $1.33, surpassing expectations, with revenue of $5.17 billion for the quarter, a 33.6% increase year-over-year.

OMERS ADMINISTRATION Corp lessened its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 24.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,394 shares of the semiconductor company's stock after selling 18,900 shares during the period. OMERS ADMINISTRATION Corp's holdings in Lam Research were worth $4,173,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC bought a new stake in shares of Lam Research during the 1st quarter valued at about $26,000. West Paces Advisors Inc. bought a new stake in shares of Lam Research during the 4th quarter valued at about $27,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Lam Research during the 4th quarter valued at about $27,000. Park Square Financial Group LLC bought a new stake in shares of Lam Research during the 4th quarter valued at about $31,000. Finally, Putney Financial Group LLC bought a new stake in shares of Lam Research during the 4th quarter valued at about $36,000. Institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LRCX shares. Stifel Nicolaus lifted their target price on shares of Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. KeyCorp boosted their price objective on shares of Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Argus boosted their price objective on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. The Goldman Sachs Group assumed coverage on shares of Lam Research in a research note on Thursday, July 10th. They set a "buy" rating and a $115.00 price objective on the stock. Finally, UBS Group boosted their price objective on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Twenty investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $107.30.

Lam Research Stock Down 3.8%

Lam Research stock traded down $3.94 during trading hours on Friday, hitting $100.15. The stock had a trading volume of 12,177,963 shares, compared to its average volume of 11,266,383. 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 stock has a market capitalization of $126.75 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 1.29 and a beta of 1.76. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $108.02. The stock's 50-day moving average price is $99.45 and its 200-day moving average price is $85.31.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. 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 company earned $1.03 earnings per share. The business'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. Equities research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business 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 dividend of $0.26 per share. 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. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. Lam Research's dividend payout ratio is presently 22.12%.

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.